Business Services Industry

PA Resources AB reports new oil discovery in Tunisia

Nordic Business Report, Jan 4, 2005

NORDIC BUSINESS REPORT-4 January 2005-PA Resources AB reports new oil discovery in Tunisia(C)1994-2005 M2 COMMUNICATIONS LTD http://www.m2.com

The Swedish oil company PA Resources AB announced on Tuesday (4 January) that its Tunisian subsidiary Hydrocarbure Tunisie Corporation had made a new oil find in Tunisia.

The discovery was made in the TAM 5 development well in the Tamesmida field in north-western Tunisia.

PA Resources is the operator with a 95% participation interest in the Tamesmida field.

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