Average production of oil per day*
(barrels per day) Year to date, April,
2013 2013
West Africa 4,700 4,200
North Africa 1,900 1,900
Group Total 6,600 6,100
* Production based on Working Interest, which is PA Resources’ share of the
total gross production of the oil fields before deduction of royalty and taxes
etc. Production figures are preliminary.
· Production rates at Azurite field continue to be affected by intermittently
unstable flowing conditions on a number of wells.
· As previously advised in the Q1 report, having exceeded expectations,
production at the Aseng field has come off plateau and is affected by
limitations on the production vessel’s gas handling capacity. The field is now
performing within the range of expectations.
Stockholm, 7 May 2013
PA Resources AB (publ)
For queries, please contact:
Bo Askvik, President and CEO, PA Resources
+46 708195918
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 producing
oil in West Africa and North Africa. The parent company is located in Stockholm,
Sweden. PA Resources’ net sales amounted to SEK 2,184 million in 2012. The
company is listed on the NASDAQ OMX in Stockholm, Sweden. For additional
information, please visit 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 am CET on 7 May 2013.
