Average production of oil per day*
(barrels per day) Year to date,2013 October,2013
West Africa 4,200 3,600
North Africa** 600 400
Group Total 4,800 4,000
* 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.
· The average production has been affected since 1 July by the upgrade and
maintenance shut-in of the Didon field. The vessel has now left the dry dock and
production is expected to recommence in early November.
· Production from the Azurite field has ceased as planned, and field
abandonment has commenced. The final lifting for the joint venture took place on
1 November.
· PA Resources will publish production reports for November and December 2013,
but production figures will then only be reported on a quarterly basis.
Stockholm, 6 November 2013
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 6 November 2013.
