STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
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)
PA Resources AB (publ) (STO:PAR) (OSE:PAR) 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.
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