Average production of oil per day*
(barrels per day) Full Year,2013 Q4,2013 December, 2013
West Africa 3,900 3,000 2,600
North Africa** 700 600 1,000
Group Total 4,600 3,600 3,600
* 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 Q4, 2013: 332,900
barrels
·
Average sales price in Q4, 2013: 106 USD per barrel
(preliminary)
·
Production from Didon was steady over month, averaging 600 barrels per day.
·
PA Resources’ next production report to be issued on 7 April, 2014.
Stockholm, 7 January 2014
PA Resources AB (publ)
For queries, please contact:
Tomas Hedström, CFO, PA Resources
+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 08.30 am CET on 7 January 2014.
