Hank's Oil &Gas Service companies

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Year-End Report 2007: PA Resources net profit 947 MSEK - reserves increased 14 percent
Tekst
Summary January 1st - December 31st 2007
- Group revenue from sales of crude oil during 2007
increased by 226 percent to SEK 2,751.1 million
(843.4). A total of 4,571,000 (2,012,000) barrels
of oil was sold at an average price of 71.50
USD/barrel (66.63).

- Profit increased to SEK 947.1 million (230.5).

- Earnings per share before dilution amounted to
SEK 6.53 (1.67) and earnings per share after
dilution amounted to SEK 6.47 (1.67).

- Operating cash flow for the period January -
December 2007 amounted to SEK 1,226.9 million
(185.8).

- A total of 5,509,000 (1,957,000) barrels of oil
was produced during 2007. Average production
amounted to 15,093 (5,362) barrels per day.

- PA Resources` reserves as at December 31st 2007
have increased to 120.6 million barrels of oil
equivalents (106.1).

Summary 4th quarter, 2007
- Group revenue for fourth quarter increased by 334
percent to SEK 734.2 million (169.1). Sales
amounted to 1,117,000 (433,000) barrels of oil, at
an average price of 85.48 USD per barrel.

- Profit increased to SEK 261.5 million (86.2).

- Earnings per share before dilution amounted to
SEK 1.80 (0.61) and earnings per share after
dilution amounted to SEK 1.79 (0.61).

- Average production during the 4th quarter
amounted to 15,066 (4,696) barrels of oil per day.

- In Equatorial Guinea, several considerable
discoveries of oil and gas have been made in the
very prospective Block I, where all the drilled
wells have made discoveries.

- PA Resources has signed an agreement regarding
acquisition of shares in an exploration license
with an oil field under development in the Republic
of Congo. Production on the oil field is expected
to start during 2009.

- An agreement regarding acquisition of a British
company with assets in the Great Britain and
Denmark has also been signed.

Comments from Ulrik Jansson, President and CEO at
PA Resources:
- The year 2007 has been an important year for us,
as we have established the group as a major player
at the oil market. The production has reached new
levels thanks to the Didon field In Tunisia, and
this, together with a high oil price, has lead to a
strong financial result for PA Resources.

Stockholm, 2008-02-13
PA Resources AB

(For the complete Interim Report, see the attached
file)

For more information, please contact:
Ulrik Jansson
President and CEO, PA Resources AB
Mobile [phone]
E-mail: [e-mail]

or

Bo Askvik
CFO, PA Resources AB
Mobile [phone]
E-mail: [e-mail]


Invitation to Q4-presentation
PA Resources AB invites to a presentation of the
year-end result for the period 1st of January to
the 31th of December 2007, including the fourth
quarter. The capital market meeting will take place
on Wednesday, the 13th of February 2008, at 09.00
(CET) at Thon Hotel Vika Atrium Konferansesenter,
Munkedamsveien 45, in Oslo, Norway. The
presentation is also broadcasted as web cast over
the company`s web site www.paresources.se. For more
information, see the invitation on the web site.


PA Resources AB (publ) is a fast growing oil and
gas group company with the business strategy to
acquire, develop and exploit oil and gas reserves,
as well as explore new findings. The Group operates
in Tunisia, Norway, Great Britain, Denmark,
Netherlands, Equatorial Guinea and the Republic of
Congo (Brazzaville). PA Resources is today one of
the largest oil producers in Tunisia. The parent
company is located in Stockholm, Sweden.

PA Resources AB`s net sales amounted to
approximately SEK 2,751 Million during 2007. The
company is primary listed on the Oslo Stock
Exchange in Norway (segment OB Match) and secondary
listed on the OMX Nordic Exchange in Stockholm,
Sweden (segment MidCap). For additional
information, please visit www.paresources.se.