Business model
PA Resources’ business consists of the acquisition, development, extraction and divestment of oil and gas reserves, as well as exploration to find new reserves. The production of oil generates an important cash flow that makes possible the investments required to increase the Group’s reserves and thereby its value to shareholders. In geographical terms, PA Resources focuses on three regions: North Africa, West Africa and the North Sea.
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Our strategy
The oil industry's long-term driving forces indicate continued increase in demand and higher oil prices. For a five-year period from 2010 to 2014, we will predominantly focus on generating greater value from our existing assets. A growing number of assets will be moved into the production phase thus enabling the Company to achieve a long-term increase in production. The complementary aim is to increase the amount of reserves and resources through selective exploration.
These investments are based on a strengthened capital structure
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