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2014-07-12

PA Resources AB: PA Resources closes the Didon transaction

PA Resources transferred ownership of 70 percent of its interest in
the Didon concession to EnQuest on July 11 2014. The cash
consideration of USD 23 million, with an interim period adjustment
from 1 January 2013, is in escrow pending a positive response from
the Tunisian authorities, expected no later than in the fourth
quarter of 2014. EnQuest will assume responsibility for Didon
operations in accordance with transitional arrangements to assure a
seamless handover. The Zarat transaction is still pending.

(A description of the complete transaction was originally announced in
the press release on 29 May 2013.)

Stockholm, 14 July, 2014

PA Resources AB (publ)

For additional information, please contact:

Mark McAllister

PA Resources AB

Tel: +44 (0) 203 322 0100

E-mail: ir@paresources.se

PA Resources AB (publ) is an international oil and gas group which
conducts exploration, development and production of oil and gas
assets. The Group operates in Tunisia, Republic of Congo
(Brazzaville), Equatorial Guinea, United Kingdom, Denmark,
Netherlands and Germany. PA Resources is producing oil in West Africa
and North Africa. The parent company is located in Stockholm, Sweden.
PA Resources' net sales amounted to SEK 1,312 million in 2013. The
share is listed on the NASDAQ OMX in Stockholm, Sweden. 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 08:30 a.m. CET on 14 July 2014.

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http://news.cision.com/pa-resources-ab/r/pa-resources-closes-the-didon-t...
http://mb.cision.com/Main/790/9615955/266365.pdf

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