PA Resources

PA Resources is a Swedish listed E&P company. Production is set to double in the coming year as fields in the Congo come on stream, while proven and probable reserves are expected to grow further as the company has large indicated reserves adjacent to its producing fields in Tunisia and the Congo. These reserves would be profitable even at a significantly lower oil price. Other long term sources of value in the shares are offered by significant exploration rights in Greenland and preferred bidder status on further blocs as they become available in the region.