PA Resources makes oil discovery in the Republic of Congo>
PA Resources makes oil discovery in the Republic of Congo
(Thomson Reuters ONE) - An oil discovery has been made at the Turquoise Marine-1 prospect inthe Mer Profond Sud Block offshore the Republic of Congo. PAResources holds a 35 percent working interest in the block.The operator Murphy Oil has today announced an oil discovery at theTurquoise Marine-1 prospect located in the Mer Profond Sud Block,offshore the Republic of Congo. The well was drilled in 1,610 metersof water to a total measured depth of 3,675 meters and encountered inexcess of 41 meters of net oil pay. The Turquoise Marine-1 discoveryis located approximately 28 kilometres from the Azurite field, inwhich PA Resources is a 35 percent licence partner.- Turquoise Marine-1 is an important oil discovery for PA Resources -it's our second discovery in the Mer Profond Sud Block. We will belooking at appraisal and development options for Turquoise Marine-1in the coming months and will be seeking to optimize the existingAzurite field infrastructure, says Ulrik Jansson, President and CEOat PA Resources.The rig now moves to the Diamant Marine-1 prospect which lies evencloser to the Azurite field.Murphy Oil Corporation serves as operator and has a 50 percentworking interest in Turquoise Marine-1 and the Mer Profond Sud block.Partners are PA Resources (35 percent) and Société Nationale desPétroles du Congo (15 percent).Stockholm, 17July 2009PA Resources AB (publ)For additional information, please contact:Ulrik JanssonPresident and CEOPA Resources ABTelephone: +46 70 751 41 84orBo AskvikCFOPA Resources ABTelephone: +46 70 819 59 18PA Resources AB (publ) is an international oil and gas group with thebusiness strategy to acquire, develop, exploit and divest oil and gasreserves, as well as explore new findings. The Group operates inTunisia, United Kingdom, Denmark, Greenland, Netherlands, EquatorialGuinea and the Republic of Congo (Brazzaville). PA Resources is todayone of the largest oil producers in Tunisia. The parent company islocated in Stockholm, Sweden.PA Resources' net sales amounted to SEK 2,420 Million during 2008.The company is primary listed on the Oslo Stock Exchange in Norway(segment OB Match) and secondary listed on the NASDAQ OMX NordicExchange in Stockholm, Sweden (segment Mid Cap). For additionalinformation, please visit www.paresources.se.http://hugin.info/130006/R/1329567/313952.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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" alt="Net Asset Value(s)>">Datum: 17.07.2009 - 15:59 Uhr
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