PA Resources in brief

PA Resources' business consists of the acquisition, extraction and sale 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.

» Read more about our business model and strategies

Facts in brief

PAR shares are listed on the NASDAQ OMX Nordic Exchange (Mid Cap) in Stockholm and Oslo Stock Exchange (OB Match)
26 oil and and gaslicences in total, of which 7 production licences, 1 development licence and 18 exploration licences
Operator of 12 in total, part-owner and partner in the other licences
One of Tunisia's biggest oil producers
In 2009 an average of 11,200 barrels of oil per day were produced
131 employees in Tunisia, Sweden, the Republic of Congo (Brazzaville) and the UK
The company is domiciled and headquartered in Stockholm

26 oil and gas licences (of which 7 are production, one development and 18 exploration licences)	131 employees in Tunisia, Sweden, the Republic of Congo and the UK
11,200 barrels of oil per day were produced in average in 2009	78.9 million barrels oil equivalents: proven and probable reserves

Our position in the value chain

PA Resources has decided to operate in the initial phases of the value chain. This means that the Group explores to find new oil reserves, develops production facilities and produces crude oil. PA Resources is not involved in the refining of crude oil into oil products or in the sale of oil products to the end customer.

Strengths

Established and flexible organisation
Considerable opportunity for growth in value
Balanced and focused asset portfolio
Good relations with our host countries