PA Resources AB: Production report for Quarter 3, 2011

| Source: PA Resources PA Resources 

PA Resources AB: Production report for Quarter 3, 2011

 

PA Resources' average production per day*

(Barrels per day)  Year to Date,  Quarter 3,  September,
                   2011           2011        2011
West Africa        5,200          4,500       4,000
North Africa       3,500          3,300       3,300
Group total        8,700          7,800       7,300

* Production based on Working Interest, which is PA Resources' share of
the total gross production on the oil fields before deduction of royalty
and other taxes. Production figures are preliminary.

  · Total oil production, Quarter 3, 2011:   721,400 barrels

  · Average sales price, Quarter 3, 2011:  106 USD per barrel
(preliminary)

  · West Africa: The operator has conducted well testing at the Azurite
Field in the Republic of Congo in September and data from these tests
will be incorporated into the ongoing revision of the field's production
model. The production has continued to decrease during the month and was
only slightly affected by the well testing.

  · North Africa: The Didon Field in Tunisia produced from two wells in
September and intermittently from a third well.

Stockholm, 7 October 2011
PA Resources AB (publ)

For additional information, please contact:
Bo Askvik
President and CEO, PA Resources AB
Telephone: +46 70 819 59 18
E-mail: info@paresources.se (info@paresources.se)

PA Resources AB(publ) is an international oil and gas group with the
business strategy to acquire, develop, exploit and divest oil and gas
reserves, as well as explore new findings. The Group operates in
Tunisia, Republic of Congo (Brazzaville), Equatorial Guinea, United
Kingdom, Denmark, Greenland, Netherlands and Germany. PA Resources is
one of the larger oil producers in Tunisia and is also producing oil in
the Republic of Congo. The parent company is located in Stockholm,
Sweden.
PA Resources' net sales amounted to SEK 2,227 million during 2010. The
company is listed on the NASDAQ OMX Nordic Exchange in Stockholm, Sweden
(segment Mid Cap). 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 08.45 CET on 7 October 2011.

 

Attachments