STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:
Average production of oil per day*
| (barrels per day) | Q4 2013 | Q1 2014 | |||
| West Africa | 3,000 | 2,600 | |||
| North Africa** | 600 | 800 | |||
| Group Total | 3,600 | 3,400 |
* 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 figures above relates to the 30%.
| Total oil production in Q1, 2014: | 305,000 barrels | |
| Average sales price in Q1, 2014: | 108 USD per barrel (preliminary) |
PA Resources’ next production report to be issued on 7 July, 2014.
Stockholm, 7 April 2014
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 1,312 million in 2013. The share is listed on the NASDAQ OMX in Stockholm, Sweden. For additional information, please visit www.paresources.se.
http://mb.cision.com/Main/790/9564217/229504.pdf
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 April 2014.
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