Our customers and colleagues in the industry

The term industry colleagues is more appealing than the term competitors, since in some cases oil companies operating in different geographical markets may be not only competitors but also partners and customers.

PA Resources mainly compares itself to listed companies within the energy sector that carry out exploration and production of oil and gas and which operate in roughly the same geographical markets. They should also have comparable levels of reserves and production.
It is difficult to assess an oil-producing company’s market share since the crude oil is produced in different countries and then sold on the global market. Instead, the market value of an oil company may be measured by the size of its reserves. Comparisons of production figures or the revenue generated by the companies may also be of interest.

Listed industry colleagues in PA Resources' markets
	Residence	Stock Exchange	North Africa	West Africa	North Sea	Average production in barrels per day in 2009
PA Resources	Sweden	Oslo + NASDAQ OMX Stockholm	X	X	X	11,200
Lundin Petroleum	Sweden/Switzerland	NASDAQ OMX Stockholm	X	X	X	38,200
DNO International	Norway	Oslo		X	X	21,500
Norwegian Energy (Noreco)	Norway	Oslo			X	10,100
Premier Oil	Scotland	London	X	X	X	44,200
Dana Petroleum	Great Britain	London	X		X	39,000*
Cairn Energy	Scotland	London	X		X	27,000
Soco International	United Kingdom	London		X		6,400

* The average production during 2009