PA Resources Company News

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PA Resources Completes Divestment of North Sea Assets
Thursday, March 24, 2016PA Resources AB completes a transaction with Petrogas E&P to divest its portfolio of North Sea assets.

PA Resources Welcomes New CEO
Wednesday, May 15, 2013PA Resources has decided with immediate effect to appoint Board member Philippe R Probst as the company's CEO.

Noble Finds Oil at Carla South
Thursday, May 02, 2013Noble Energy encounters oil in good quality sandstones at the target level at the Carla South exploration well in Block I.

Noble Energy Spuds Carla South Prospect Offshore West Africa
Wednesday, April 03, 2013Noble Energy is appraising the Carla discovery that was made in 2011 with hopes of developing the field and connecting it to existing infrastructure in the area.

PA Resources Farms Out German License
Monday, November 26, 2012PA Resources farms out a 10% interest in German license B20008/73 adjacent to the Broder Tuck and Lille John discoveries that were made in 2011.

PA Resources Divests Interests in 2 Tunisian Fields
Monday, January 02, 2012PA Resources will divest its working interest in the Ezzaouia and El Bibane oil producing fields in Tunisia for $4 million.

PA Resources: Aseng Well Online
Tuesday, November 15, 2011First oil flowed from the field into the Aseng floating production, storage and offloading (FPSO) vessel on November 6, 2011.

PA Resources Ends Successful Danish Drilling Campaign
Thursday, November 03, 2011"We have now ended our successful Danish drilling campaign as operator, with two discoveries from two exploration wells," said Bo Askvik.

PA Pulls Plug at Didon North Offshore Tunisia
Wednesday, October 26, 2011Despite good oil saturation in the reservoir, only small amounts of hydrocarbons have been recovered from the Didon North well in recent flow tests.

PA Resources Discovers Oil Offshore Denmark
Monday, October 17, 2011PA Resources has made an oil discovery in the Miocene sandstone level in the Lille John prospect in License 12/06 offshore Denmark.

White Rose to Farm-In to Guinea Block
Monday, October 03, 2011White Rose has announced a farm-in to Block H in Equatorial Guinea, which contributes to an advancement of the exploration activities in the block.

PA Resources Confirms Additional Gas Pay Offshore Denmark
Friday, August 26, 2011The sidetrack of the recent gas discovery at the Broder Tuck prospect in License 12/06 offshore Denmark has confirmed additional hydrocarbon column.

PA Resources Hits Gas Pay in Danish North Sea
Tuesday, July 19, 2011PA Resources encountered 17 meters of net pay at the Broder Tuck exploration well (5504/20-4).

PA Resources Claims Azurite Production Levels In Line with 1Q
Wednesday, June 15, 2011Present level of production on the Azurite Field is in line with the average production level seen in the first quarter of 2011.

PA Resources Boosts Production in 4Q But Misses 2010 Production Target
Friday, January 07, 2011PA Resources' production increased in the fourth quarter, but was lower than expected at the end of 2010, mainly related to the Azurite Field in the Republic of Congo.

PA Resources Awarded License Offshore Germany
Monday, January 03, 2011PA Resources announced the award of German offshore license adjacent to its Danish License 12/06.

PA Resources to Delist from Oslo Bors
Monday, November 08, 2010PA Resources AB's Board gives notice of an Extraordinary General Meeting on 23 November 2010 to decide upon the approval of the Board's proposal to apply for delisting from the Oslo Stock Exchange.

PA Resources Wins License in North Sea
Friday, October 29, 2010PA Resources has been awarded a new license in the UK's 26th Licensing Round by the UK's Department of Energy and Climate Change.

Hydrocarbons Hit in Tunisia Permit
Thursday, August 19, 2010A potential oil discovery has been made at the Jenein Centre permit in Tunisia.

PA Resources Appoints New CFO
Monday, May 24, 2010PA Resources has appointed Nicolas Adlercreutz to Chief Financial Officer (CFO).

Murphy Oil Begins Oil Flow at Azurite Field
Tuesday, May 18, 2010The third production well on the Azurite oil field in the Mer Profond Sud block in the Republic of Congo has been put on stream.

PA Resources Awards Greenland Seismic Contract
Thursday, March 18, 2010PA Resources has awarded a contract to CGGVeritas Services SA for 2D seismic acquisition in the PA Resources operated Block 8, offshore West Greenland.

PA Resources Contemplates Issuing New Bond Loan
Tuesday, December 01, 2009PA Resources AB is contemplating issuing a new unsecured bond loan of NOK 300 - 500 million.

DONG: Oil Cos Exploring in Greenland form Lobby Group
Friday, November 06, 2009A group of western oil companies and the state-owned Greenland oil company have formed an industry lobby group to facilitate the development of hydrocarbon resources in the country, Denmark's DONG Energy said in a statement Friday.

PA Resources Underscores Exercise of Convertible Bonds
Thursday, October 01, 2009So far, a total of 7,417,965 new shares in PA Resources have been registered as a consequence of conversions.

New Shares in PA Resources Registered
Monday, September 28, 2009On September 25, 2009, an additional 1,921,362 new shares in PA Resources were registered with the Swedish Companies Registration Office as a result of completed conversions of PA Resources' convertible 2008/2014.

PA Resources Signs $125MM Credit Facility
Monday, September 28, 2009The oil and gas company PA Resources AB has entered into a US $125 million corporate finance facility agreement with Standard Bank.

Exercise of Convertible Bonds in PA Resources AB
Monday, September 21, 2009On September 18, 2009, an additional 1,388,700 new shares in PA Resources were registered with the Swedish Companies Registration Office as a result of completed conversions of PA Resources' convertible 2008/2014.

PA Resources Notes Exercise of Convertible Bonds
Friday, September 11, 2009On September 10, 2009, 2,930,697 new shares in PA Resources AB were registered with the Swedish Companies Registration Office as a result of completed conversions of PA Resources' convertible 2008/2014.

Bo Askvik Named Executive VP of PA Resources
Wednesday, September 02, 2009The Board of Directors of the oil and gas company PA Resources has decided to appoint its CFO, Bo Askvik, to Executive Vice President of the Company.

Venture Announces S. North Sea Farm-in
Monday, August 24, 2009Venture Production plc, the Aberdeen-based UK independent oil and gas company, on Monday announced a farm-in to exploration acreage in the southern North Sea.

Noble Gets Go-Ahead for Aseng Oil Project in Equatorial Guinea
Wednesday, July 22, 2009The Republic of Equatorial Guinea has sanctioned the Aseng oil project, Noble Energy's first operated development in West Africa.

Murphy Strikes Black Gold at Turquoise Marine-1 Offshore Congo
Friday, July 17, 2009Murphy Oil has discovered oil at the Turquoise Marine-1 prospect located in the Mer Profonde Sud block, offshore the Republic of Congo.

PA Resources Scoops Up New License Onshore the Netherlands
Tuesday, July 07, 2009PA Resources will hold a 50% interest in a new onshore license which expands the Group's acreage position in the Netherlands.

Maersk O&G Hits Hydrocarbons at Gita Offshore Denmark
Wednesday, April 15, 2009Hydrocarbons were discovered at the Gita prospect in the Danish sector of the North Sea.

Congo Ministry Oks SOCO's Marine XIV Farm-In
Thursday, March 05, 2009The Government of the Republic of Congo has approved SOCO's farm-in for a 29.4% working interest in the Marine XIV Block, offshore Congo.

PA Resources Clinches Acquisition of 2 Danish Exploration Licenses
Thursday, February 05, 2009PA Resources has formally completed the acquisition of interests in two exploration licenses in Denmark from Shell Olie-og Gasudvinding Danmark B.V.

PA Resources Posts '08 Tunisia, Norway Production Results
Monday, January 19, 2009PA Resources has posted its production and sales of crude oil and gas in Tunisia and Norway during the fourth quarter 2008.

PA Resources' President Acquires Convertible Bonds
Thursday, January 15, 2009PA Resources' President, Ulrik Jansson, has acquired convertible bonds in the company for around US $3 million.

PA Resources Discloses Final Outcome of Fully Subscribed Bond Issue
Friday, January 09, 2009PA Resources has now completed the calculation of subscriptions for the issue of convertible bonds with preferential rights for the company's shareholders.

PA Resources Completes Sale of Norwegian Subsidiary
Thursday, January 08, 2009PA Resources has completed the sale of PA Resources Norway AS to Bayerngas Norge AS.

PA Resources Receives Funds through Convertible Bond Issue
Monday, January 05, 2009PA Resources reported that a preliminary calculation shows that the rights issue of convertible bonds has been fully subscribed.

Norwegian Authorities Give Go-Ahead for PA Resources' Sale of Subsidiary
Monday, December 15, 2008The agreement between PA Resources AB and Bayerngas Norge AS concerning the sale of PA Resources Norway AS has been approved by the Norwegian authorities.

PA Resources Strengthens Team with 2 New Managing Directors for UK, Congo
Tuesday, December 09, 2008PA Resources is strengthening its organization with two new Managing Directors for the subsidiaries in United Kingdom and the Republic of Congo.

PA Resources Sells Norwegian Subsidiary for $220MM
Monday, December 01, 2008PA Resources has signed an agreement with Bayerngas Norge AS to sell all its assets in Norway for a cash consideration of approximately US $220 million.

PA Resources Posts Tunisian, Norwegian O&G Production Results
Wednesday, November 12, 2008PA Resources Group has provided a report for its production and sales of crude oil and gas in Tunisia and Norway during October 2008.

PA Resources Releases Total Production Results for Tunisia, Norway
Thursday, October 09, 2008PA Resources Group has summarized production and sales of crude oil and gas in Tunisia and Norway during the third quarter 2008. Total oil and gas production totaled 1,402,000 BOE.

StatoilHydro Spuds Volve South Well on Norwegian Continental Shelf
Tuesday, October 07, 2008The drilling of an exploration well on the Volve South prospect located in the licenses PL 046BS/PL046B in Norway has commenced. Results from the drilling are expected by year end.

PA, Pioneer Settle Equatorial Guinea Dispute
Wednesday, September 17, 2008PA Resources' subsidiary Osborne Resources Limited has entered into an agreement to settle the dispute regarding Block H in Equatorial Guinea.

SOCO Farms-in to Marine XIV Block Offshore Republic of Congo
Tuesday, September 09, 2008SOCO EPC entered a farm-in agreement to acquire a 29.4% working interest and operatorship in the Marine XIV Block, offshore the Republic of Congo, from PA Resources Congo.