PA RESOURCES: YEAR-END REPORT 2007: PA RESOURCES' NET PROFIT 947 MSEK - RESERVES INCREASED 14 %

PA RESOURCES: YEAR-END REPORT 2007: PA RESOURCES' NET PROFIT 947 MSEK - RESERVES INCREASED 14 %
Summary January 1st - December 31st 2007
- Group revenue from sales of crude oil during 2007 increased by 226 percent to SEK 2,751.1 million (843.4). A total of 4,571,000 (2,012,000) barrels of oil was sold at an average price of 71.50 USD/barrel (66.63).

- Profit increased to SEK 947.1 million (230.5).

- Earnings per share before dilution amounted to SEK 6.53 (1.67) and earnings per share after dilution amounted to SEK 6.47 (1.67).

- Operating cash flow for the period January - December 2007 amounted to SEK 1,226.9 million (185.8).

- A total of 5,509,000 (1,957,000) barrels of oil was produced during 2007. Average production amounted to 15,093 (5,362) barrels per day. 

- PA Resources' reserves as at December 31st 2007 have increased to 120.6 million barrels of oil equivalents (106.1).
Summary 4th quarter, 2007 

- Group revenue for fourth quarter increased by 334 percent to SEK 734.2 million (169.1). Sales amounted to 1,117,000 (433,000) barrels of oil, at an average price of 85.48 USD per barrel.

- Profit increased to SEK 261.5 million (86.2).

- Earnings per share before dilution amounted to SEK 1.80 (0.61) and earnings per share after dilution amounted to SEK 1.79 (0.61).

- Average production during the 4th quarter amounted to 15,066 (4,696) barrels of oil per day. 

- In Equatorial Guinea, several considerable discoveries of oil and gas have been made in the very prospective Block I, where all the drilled wells have made discoveries.

- PA Resources has signed an agreement regarding acquisition of shares in an exploration license with an oil field under development in the Republic of Congo. Production on the oil field is expected to start during 2009.

-  An agreement regarding acquisition of a British company with assets in the Great Britain and Denmark has also been signed.


Comments from Ulrik Jansson, President and CEO at PA Resources:

-	The year 2007 has been an important year for us, as we have established the group as a major player at the oil market. The production has reached new levels thanks to the Didon field In Tunisia, and this, together with a high oil price, has lead to a strong financial result for PA Resources.


Stockholm, 2008-02-13

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
Mobile +46 70 751 41 84
E-mail: info@paresources.se
or 
Bo Askvik
CFO, PA Resources AB
Mobile +46 708 19 59 18
E-mail: bo.askvik@paresources.se


Invitation to Q4-presentation
PA Resources AB invites to a presentation of the year-end result for the period 1st of January to the 31th of December 2007, including the fourth quarter. The capital market meeting will take place on Wednesday, the 13th of February 2008, at 09.00 (CET) at Thon Hotel Vika Atrium Konferansesenter, Munkedamsveien 45, in Oslo, Norway. The presentation is also broadcasted as web cast over the company's web site www.paresources.se.
For more information, see the invitation on the web site.



PA Resources AB (publ) is a fast growing oil and gas group company with the business strategy to acquire, develop and exploit oil and gas reserves, as well as explore new findings. The Group operates in Tunisia, Norway, Great Britain, Denmark, 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 AB's net sales amounted to approximately SEK 2,751 Million during 2007. The company is primary listed on the Oslo Stock Exchange in Norway (segment OB Match) and secondary listed on the OMX Nordic Exchange in Stockholm, Sweden (segment MidCap). For additional information, please visit www.paresources.se.