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PA Resources AB: PA Resources has executed a sale and purchase agreement with ETAP, the Tunisian national oil company

PA Resources AB ("the Company") is pleased to announce that its wholly
owned subsidiaries, PA Resources Tunisia Limited, Hydrocarbures
Tunisie Didon Limited, Hydrocarbures Didon Jersey Limited and
Hydrocarbures Tunisie Corporation, have executed a sale and purchase
agreement with ETAP, The Tunisian national oil company, to sell their
entire licence interests onshore and offshore Tunisia, to ETAP.

The sale is subject to customary government consents but the Company
does not anticipate any issues given the identity of the buyer.

The consideration for the sales is cash and the amount is
confidential, however once received it will be disbursed in
accordance with the provisions of the Composition Plan adopted by
Stockholm District Court on 2nd October 2015 which became final and
binding on 24th October 2015.

Stockholm 9 May, 2016
PA Resources AB (publ)

For additional information, please contact:
Slimane Bouabbane, VP Business Development / Acting CFO
Phone: +46 8 545 211 50

The information was published at 15:45 CET 9 May 2016.


Författare WKR