PA Resources Claims Azurite Production Levels In Line with 1Q

PA Resources reported an update on production and sales at the Azurite Field offshore Republic of Congo.

The last production well on the Azurite Field was commissioned as communicated on June 8 and is presently being monitored after initial clean-up.

Present level of production on the Azurite Field is in line with the average production level seen in the first quarter of 2011.

PA Resources has over the last couple of days performed a lifting from the Azurite Field priced at approximately USD 114 per barrel.

PA Resources has a 35 percent working interest in the production sharing contract for the Azurite Field, the operator Murphy Oil Corporation has a 50 percent working interest and Société Nationale Petroles du Congo 15 percent.