PA Resources AB's Interim Report for the third quarter 2009: Production in two regions

Summary third quarter 2009
* Total revenue for the Group amounted to SEK 696.5 million, compared
with SEK 680.4 million in the same period a year ago.
* Production was started during the quarter at the Azurite field in
the Republic of Congo, and the Group's total production amounted to
1,244,600 barrels, compared with 819,900 barrels during the second
quarter of 2009.
* EBITDA amounted to SEK 499.0 million (556.3) and the EBITDA margin
was 71.6% (81.8) during the quarter.

* Operating profit amounted to SEK 247.3 million (455.0), giving an
operating margin of 35.5% (66.9).

* Profit before tax was SEK 114.9 million (224.5). Earnings per share
before dilution amounted to SEK 0.16 (0.40), and earnings per share
after dilution were SEK 0.16 (0.40).

* Total capital expenditures amounted to SEK 26.1 million, compared
with SEK 1,048.1 million during the same period a year ago. The lower
rate of investment is due to the fact that most of the investments
ahead of the production start at the Azurite field have been
completed.
* The debt/equity ratio has fallen to 69.9% (104.5) and was at the
same time lower than at the start of the year after expenditures of
SEK 1,736 million during the period January-September.

* Approximately 15% of the convertible bonds were converted to shares
in September, which entailed that the original debt amount totalling
SEK 1,164 million decreased by nominal SEK 179.8 million. The
equity/assets ratio improved to 48.0% (39.7).
* Oil discovery has been confirmed at the Mer Profond Sud licence
offshore the Republic of Congo and the development of the Aseng field
in Equatorial Guinea has been initiated.

Comments from Ulrik Jansson, President and CEO at PA Resources:
-  During the third quarter we delivered higher production and at the
same time achieved better diversification of production in two
geographic regions. This, combined with a lower rate of investment
and a higher and more stable oil price, entails that the conditions
for the rest of the year and 2010 have improved.

Stockholm, 2009-10-28
PA Resources AB

(For the complete Interim Report, see the attached file)
For more information, please contact:
Ulrik Jansson
President and CEO, PA Resources AB
Telephone: +46 8 21 83 82 (switchboard)
E-mail: ir@paresources.se
or
Bo Askvik
Executive Vice President & CFO, PA Resources AB
Telephone: +46 8 21 83 82 (switchboard). Mobile: +46 708 19 59 18
E-mail: bo.askvik@paresources.se

Presentation of Interim Report on October 28, 2009
PA Resources will release the Interim Report for the third quarter
2009 on Wednesday 28 October at 08.15 CET. The result will be
presented at a web casted conference call at 10.00 by Ulrik Jansson,
President and CEO and Bo Askvik, Executive Vice President and CFO.
The conference call will be in English. To participate live, please
use the web link at www.paresources.se or call one of the following
numbers:
Sweden: +46 (0)8 505 598 53
UK: +44 (0)203 043 24 36
US: +1 866 458 40 87
The presentation and the conference call are also available on demand
afterwards at www.paresources.se.

PA Resources AB (publ) is an international oil and gas group with the
business strategy to acquire, develop, exploit and divest oil and gas
reserves, as well as explore new findings. The Group operates in
Tunisia, United Kingdom, Denmark, Greenland, Netherlands, Equatorial
Guinea and the Republic of Congo (Brazzaville). PA Resources is today
one of the largest oil producers in Tunisia. The parent company is
located in Stockholm, Sweden.
PA Resources' net sales amounted to SEK 2,420 Million during 2008.
The company is listed on the NASDAQ OMX Nordic Exchange in Stockholm,
Sweden (segment Mid Cap) and on the Oslo Stock Exchange in Norway
(segment OB Match). For additional information, please visit
www.paresources.se.