Reserves and resources - our future

Reserves and resources are the volumes of oil, gas and other hydrocarbons that are estimated to exist in the bedrock and are considered to be commercially recoverable. These assets will produce oil and gas in the future and are therefore very important for PA Resources. 

STATEMENT OF RESERVES
According to regulations on Oslo Stock Exchange, listed oil companies must annually report the reserves in a so called Annual Statement of Reserves. Here you can find PA Resources' statements of reserves.

Annual Statement of Reserves 2009 »

Annual Statement of Reserves 2008 »

The volume of reserves and resources is the underlying factor that most affects the value of PA Resources' assets.Therefore, the reserves and resources form the basis of the capital market’s assessment of the share. The reserves are also an important factor in the Group’s own decisions, for example concerning the investments.

The reserves and resources in all the tables on this webbsite represent PA Resources' net working interst share of the total reserves and resources.

OVERVIEW: PA RESOURCES RESERVES AND RESOURCES
2009-12-31
1P / P90 reserves (million BOE) 51,8
2P / P50 reserves (million BOE)* 78,9
Contingent resources (million BOE): 65,4
Risked prospective resources (million BOE)**: 319,2


BOE = barrels of oil equivalents
* 1P reserves are included in the 2P reserves
** includes resources in prospects possible to drill and resources in leads.