PA Resources' Production report for April, 2011
PA Resources' average production of oil per day*
(barrels per day) Year to Date 2011 April 2011
West Africa 5,900 5,000
North Africa 3,500 3,600
Group Total 9,400 8,600
* Production based on Working Interest, which is PA Resources' share of
the total gross production on the oil fields before deduction of
royalties and other taxes. Data for April is preliminary and includes
average production 1 - 26 April, 2011.
· West Africa: Production at the Azurite Field in the Republic of
Congo in April has continued to be impacted by the ongoing drilling and
completion of wells. A new injection well was put into operation in
April. Production in May will remain reduced as a result of one well
being taken out of production to be sidetracked to a new location. This
final production well is estimated to be completed in the latter part of
the second quarter.
· North Africa: The Didon Field in Tunisia has produced primarily from
two of its wells in the month of April.
· For further comments on operations, see the Interim Report for first
quarter 2011, which has been published today.
Stockholm, 4 May 2011
PA Resources AB (publ)
For additional information, please contact:
Bo Askvik
President and CEO
PA Resources AB
Mobile: +46 70 819 59 18
E-mail: info@paresources.se
PA Resources AB (publ) is an international oil and gas group which
conducts exploration, development and production of oil and gas assets.
The Group operates in Tunisia, Republic of Congo (Brazzaville),
Equatorial Guinea, United Kingdom, Denmark, Greenland, Netherlands and
Germany. PA Resources is one of the larger oil producers in Tunisia and
is also producing oil in the Republic of Congo. The parent company is
located in Stockholm, Sweden.
PA Resources' net sales amounted to SEK 2,227 million during 2010. The
company is listed on the NASDAQ OMX Nordic Exchange in Stockholm, Sweden
(segment Mid Cap). For additional information, see www.paresources.se.
The above information has been made public in accordance with the
Securities Market Act and/or the Financial Instruments Trading Act. The
information was published at 08.30 CET on 4 May 2011.
