Azurite Field update
The oil and gas company PA Resources hereby gives a short update on
production and sales at the Azurite Field offshore Republic of Congo.
The last production well on the Azurite Field was commissioned as
communicated on June 8 and is presently being monitored after initial
clean-up.
Present level of production on the Azurite Field is in line with the
average production level seen in the first quarter of 2011.
PA Resources has over the last couple of days performed a lifting from
the Azurite Field priced at approximately USD 114 per barrel.
PA Resources has a 35 percent working interest in the production sharing
contract for the Azurite Field, the operator Murphy Oil Corporation has
a 50 percent working interest and Société Nationale Petroles du Congo 15
percent.
Stockholm, 15 June 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 (http://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 15.10 CET on 15 June 2011.
