Production- and Sales Report for Q2, 2009>
Production- and Sales Report for Q2, 2009
(Thomson Reuters ONE) - This report summarizes PA Resources Group's production and sales ofcrude oil during the second quarter 2009.Total production of crude oil- Total oilproduction: 744,100 barrels- Average oil production perday:8,200 barrels per day- Accumulated oil production January -June: 1,527,100barrels- Oil sales :638,000 barrels- Average sales price: 56.83 USD per barrelComments- The average production exceeded 12,000 barrels per day at the endof the period.- Good production regularity was maintained during the quarter withproduction from six fields in Tunisia.- The new production well at the Didon field, Didon-10, was spuddedin the end of March and came onstream in mid June. The well is producing as estimated hence increasing thefield's rate of production.- Additional production expected when the Azurite field in theRepublic in Congo starts producing duringsummer 2009.- The production forecast remains unchanged - the average productionin 2009 is expected to amount tobetween 11,000 and 14,000 barrels of oil equivalents per day.Stockholm, 1 July 2009PA Resources AB (publ)For additional information, please contact:Ulrik Jansson, President and CEOTelephone: +46 70 751 41 84, +46 8 21 83 82E-mail: ir(at)paresources.seorBo Askvik, CFOTelephone: +46 70 819 59 18, +46 8 21 83 82PA Resources AB (publ) is an international oil and gas group with thebusiness strategy to acquire, develop, exploit and divest oil and gasreserves, as well as explore new findings. The Group operates inTunisia, United Kingdom, Denmark, Greenland, Netherlands, EquatorialGuinea and the Republic of Congo (Brazzaville). PA Resources is todayone of the largest oil producers in Tunisia. The parent company islocated in Stockholm, Sweden.PA Resources' net sales amounted to SEK 2,420 Million during 2008.The company is primary listed on the Oslo Stock Exchange in Norway(segment OB Match) and secondary listed on the NASDAQ OMX NordicExchange in Stockholm, Sweden (segment Mid Cap). For additionalinformation, please visit www.paresources.se.http://hugin.info/130006/R/1326242/312123.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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Datum: 01.07.2009 - 02:30 Uhr
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