PA Resources to Issue $200 Million Bond Loan

The oil and gas group PA Resources AB has decided to issue a new bond loan of up to USD 200 million (approximately SEK 1,333 million). PA Resources AB (publ) has appointed Pareto Securities AS as manager of a new bond issue. The work is initiated now and is expected to be finalised during January 2008.

The bond loan together with our cash flow will secure the financing of existing and coming business activities, said Ulrik Jansson, President and CEO of PA Resources AB.