New CFO to PA Resources

(Thomson Reuters ONE) -


The oil- and gas company PA Resources AB has appointed Nicolas Adlercreutz to
Chief Financial Officer (CFO). Nicolas Adlercreutz succeeds Bo Askvik, who has
the position as President and CEO since the Annual General Meeting 18(th) May,
2010.

Nicolas Adlercreutz (40 years old) assumes his position as Chief Financial
Officer (CFO) at PA Resources AB after the summer, 2010.

He will be Head of Group staff Finance, including  finance reporting and Group
accounting, business control and treasury, stationed in Stockholm and will be a
member of the Group Management.

Nicolas Adlercreutz joins PA Resources from Svenska Cellulosa Aktiebolager SCA
where he is Vice President Group Control, with responsibility for finance
reporting, Group accounting and business control. Nicolas has held different
positions in finance at SCA both at head office and internationally. Nicolas
holds a degree in Business Administration from the Mid Sweden University of
Sundsvall.

- I am pleased to announce the recruitment of Nicolas as our new CFO. He will
add further strength to our team in finance with his broad experience and
extensive skills. I am looking forward to working with Nicolas as a member of
our Group Management Team in developing the values in PA Resources assets in
line with our new strategy, says Bo Askvik President and CEO for PA Resources
AB.

Stockholm, 24 May, 2010
PA Resources AB (publ)


For additional information, please contact:
Bo Askvik
President and CEO, PA Resources AB
Telephone: +46 708 19 59 18
E-mail:info(at)paresources.se


PA Resources AB (publ) is an international oil and gas group with the business
strategy to acquire, develop, exploit and divest oil and gas reserves, as well
as explore new findings. The Group operates in Tunisia, United Kingdom, Denmark,

Greenland, Netherlands, Equatorial Guinea and the Republic of Congo
(Brazzaville). PA Resources is one of the largest oil producers in Tunisia and
is also producing oil in the Republic of Congo. The parent company is located in
Stockholm, Sweden.

PA Resources' net sales amounted to SEK 2,113 million during 2009. The company
is listed on the NASDAQ OMX Nordic Exchange in Stockholm, Sweden (segment Mid
Cap) and on the Oslo Stock Exchange in Norway (segment OB Match). For additional
information, please visit www.paresources.se .




[HUG#1418188]





Complete press release : http://hugin.info/130006/R/1418188/368525.pdf

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Datum: 24.05.2010 - 09:21 Uhr
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