Production- and Sales Report for Q4, 2009

(Thomson Reuters ONE) - Production- and Sales Report for Q4, 2009This is a preliminary report of PA Resources' total group production and salesof crude oil during the fourth quarter 2009.Production of crude oil* Total oil production:   1,227,000 barrels* Average oil production per day:   13,300 barrels per day* Accumulated oil production January - December 2009:   4,074,500 barrels* Oil sales (excl. royalty):   988,000 barrels* Average sales price:  70 USD per barrelComments* The average production during the full-year 2009 amounted to 11,200 barrels ofoil per day.* The drilling of the second production well at the Azurite field in theRepublic of Congo has been finalised and the well will be taken into operationin the coming weeks. The drilling of the third production well has commenced.Following this, an additional three production wells and two injection wellswill be drilled at the Azurite field during 2010. The maximum production levelof which 14,000 barrels per day net to PA Resources, is expected to be reachedduring the first quarter 2010.* The production at the Didon field in Tunisia has decreased slightly comparedto the third quarter due to a changed production profile with lower productionlevels. Didon has been the major producer for PA Resources for many years, butthis role will be taken over by the Azurite field in the first quarter.* The first lifting of oil from the Azurite field took place in October 2009.This has increased PA Resources' sales in the fourth quarter compared to thethird quarter 2009, from 730 600 barrels to 988 000 barrels.* The average sales price increased to 70 USD/barrel compared to 65 USD/barrelin the third quarter.Stockholm, 18 January 2010PA Resources AB (publ)For additional information, please contact:UlrikJanssonPresident and CEO, PA Resources ABTelephone: +46 70 751 41 84, +46 8 21 83 82E-mail: info(at)paresources.se Bo AskvikExecutive Vice President and CFO, PA Resources ABTelephone: +46 70 819 59 18, +46 8 21 83 82PA Resources AB (publ) is an international oil and gas group with the businessstrategy to acquire, develop, exploit and divest oil and gas reserves, as wellas explore new findings. The Group operates in Tunisia, United Kingdom, Denmark,Greenland, Netherlands, Equatorial Guinea and the Republic of Congo(Brazzaville). PA Resources is today one of the largest oil producers in Tunisiaand is also producing oil in the Republic of Congo. The parent company islocated in Stockholm, Sweden.PA Resources' net sales amounted to SEK 2,420 Million during 2008. The companyis listed on the NASDAQ OMX Nordic Exchange in Stockholm, Sweden (segment MidCap) and on the Oslo Stock Exchange in Norway (segment OB Match). For additionalinformation, please visit www.paresources.se .[HUG#1374274] Complete release: http://hugin.info/130006/R/1374274/336920.pdf

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Datum: 18.01.2010 - 06:04 Uhr
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