Average production of oil, barrels per day*
Year to date, Q3, September,
2013 2013 2013
West Africa 4,200 3,800 3,800
North Africa** 700 400 300
Total 4,900 4,200 4,100
* 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.
** Subject to the necessary approvals, PA Resources working interest in the
Didon field in Tunisia has been reduced from 100% to 30% through the farm-out
transaction with EnQuest. The production numbers have been retrospectively
adjusted to a 30% interest as per 1 January 2013
· Total oil production in Q3, 2013: 383,700
barrels
· Average sales price in Q3, 2013: 108 USD per barrel
(preliminary)
· The on-going maintenance and upgrade programme for the Didon FSO vessel
has been extended and production is now expected to recommence towards the end
of October. The production shortfall is expected to be partly compensated by
higher production once the Didon field is back on stream.
Stockholm, 7 October 2013
PA Resources AB (publ)
For queries, please contact:
Tomas Hedström, CFO
+46 8 545 211 56
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, 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 share 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 8.30 a.m. CET on 7 October 2013.
