Last kr3.33 SEK
Change Today -0.05 / -1.48%
Volume 56.6K
PAR On Other Exchanges
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Exchange
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As of 6:53 AM 09/23/14 All times are local (Market data is delayed by at least 15 minutes).

pa resources ab (PAR) Snapshot

Open
kr3.40
Previous Close
kr3.38
Day High
kr3.40
Day Low
kr3.33
52 Week High
09/23/13 - kr11.35
52 Week Low
09/18/14 - kr3.25
Market Cap
376.8M
Average Volume 10 Days
352.2K
EPS TTM
kr-10.80
Shares Outstanding
113.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PA RESOURCES AB (PAR)

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pa resources ab (PAR) Details

PA Resources AB acquires, explores, develops, and produces oil and gas assets in North Africa, West Africa, and the North Sea. It has 21 oil and gas licenses, including 7 production licenses and 14 exploration licenses. The company also operates 7 licenses, as well as partner in other licenses. It has proven and probable reserves of 21.6 million barrels of oil equivalents. The company was founded in 1994 and is headquartered in Stockholm, Sweden.

112 Employees
Last Reported Date: 03/21/14
Founded in 1994

pa resources ab (PAR) Top Compensated Officers

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Executives, Board Directors

pa resources ab (PAR) Key Developments

P.A. Resources Announces Resignation of Chong Sze San as Non-Executive Director

P.A. Resources announced that Chong Sze San, Non-Executive Director has resigned. The effective date is July 31, 2014.

PA Resources AB Reports Consolidated and Parent Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Production Results for the Six Months Ended June 30, 2014; Provides Capital Expenditure Guidance for the Full Year of 2014

PA Resources AB reported consolidated and parent earnings results for the second quarter and six months ended June 30, 2014. For the quarter, on consolidated basis, revenue was SEK 181 million against SEK 266 million last year. Operating profit was SEK 67 million against operating loss of SEK 592 million last year. Loss before tax was SEK 19 million against SEK 673 million last year. Loss for the period was SEK 26 million or SEK 0.23 per share before and after dilution against SEK 350 million or SEK 12.89 per share before and after dilution last year. EBITDA was SEK 106 million against LBITDA of SEK 346 million last year. Capital expenditures during the second quarter amounted to SEK 43 million and pertained mainly to continued investments in the drilling programme on Diega in Block I in Equatorial Guinea and seismic acquisition in Makthar in Tunisia. Investment costs in Diega are rapidly recovered from Aseng oil sales under the terms of the production sharing contract for Block I. For the six months, on consolidated basis, revenue was SEK 359 million against SEK 625 million last year. Operating profit was SEK 139 million against operating loss of SEK 475 million last year. Loss before tax was SEK 38 million against SEK 593 million last year. Loss for the period was SEK 74 million or SEK 0.66 per share before and after dilution against SEK 316 million or SEK 12.97 per share before and after dilution last year. Cash flow used in operating activities was SEK 7 million against SEK 98 million last year. Investments in exploration and evaluation assets were SEK 78 million against SEK 39 million last year. Investments in oil and gas properties were SEK 6 million against SEK 55 million last year. EBITDA was SEK 220 million against LBITDA of SEK 134 million last year. Revenue decreased mainly as a result of lower production compared with the corresponding period a year ago. Total capital expenditures for the period amounted to SEK 84 million against SEK 96 million last year. Of these, SEK 49 million against SEK 64 million last year, pertained to the West Africa region, mainly related to activities in Block I. Return on assets was 5.0% against 5.4% for the first quarter of 2014. For the quarter, on parent basis, operating loss was SEK 8 million against operating loss of SEK 109 million last year. Profit before tax was SEK 13 million against loss before tax of SEK 1,230 million last year. Profit for the period was SEK 13 million against loss of SEK 1,230 million last year. For the six months, on parent basis, operating loss was SEK 16 million against operating loss of SEK 114 million last year. Loss before tax was SEK 43 million against loss before tax of SEK 1,229 million last year. Loss for the period was SEK 42 million against loss of SEK 1,229 million last year. For the six months, average production was 3,300 barrels/day against 6,100 barrels/day last year. Capital expenditures for the full year of 2014 are expected to amount to approximately SEK 200 million.

PA Resources AB, Q2 2014 Earnings Call, Jul 18, 2014

PA Resources AB, Q2 2014 Earnings Call, Jul 18, 2014

 

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