PA Resources AB is an oil and gas group that focuses on the acquisition, development, and exploitation of oil and gas reserves, and on conducting exploration aimed at discovering new reserves. The group is currently one of the largest oil producers in Tunisia. It also owns shares in exploration areas in Norway and in Equatorial Guinea.
PA Resources AB had sales of SEK 281 million (US$38 million) in 2005, and its primary listing is on the Oslo Stock Exchange's SMB list in Norway. The last of day trading the company's shares on the Nordic Growth Market (NGM) in Sweden was June 16.
"We are delighted to welcome an oil company to the Nordic Exchange," said Jenny Rosberg, OMX's president of company services. "The listing of PA Resources will further strengthen our energy sector."
"A listing of our shares on the Stockholm Stock Exchange is a stamp of quality for our company and it enhances our attractiveness to the capital market," said Ulrik Jansson, PA's president and CEO. "We hope that the listing will boost interest in the company's shares among both institutional and private investors, which would be extremely positive for PA Resources' continued expansion and development."
A round lot of shares in PA Resources, whose short name is PAR, amounts to 200 and the company is included in the Energy sector.
OMX is a leading expert in the exchange industry. Through the Nordic Exchange in Copenhagen, Stockholm, Helsinki, Riga, Tallinn, and Vilnius, OMX offers access to approximately 80 percent of the Nordic and Baltic securities market.
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