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PA Resources’ production report for November, 2012

Monday, Dec 10, 2012

Production based on Working Interest, which is PA Resources’ share of the total gross production of the oil fields before deduction of royalty and taxes etc. Production figures are preliminary.

Azurite total field production in November averaged 3,800 bopd, lower than expected due to slow production recovery following two brief, unplanned production shut-downs at the end of October and middle of November. Production is now restored close to earlier levels. Operations on the plug and abandonment operation of the failed production well have been protracted due to technical issues but it is anticipated that removal of the existing production tubing will shortly commence to allow the new sidetrack well to be drilled.

Source: Business Wire

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