SECOND QUARTER SUMMARY · Group revenue totalled SEK 332 million (542). · EBITDA** was SEK 140 million (302). · Profit before tax* was SEK -2 million (-23). · A successful farm-out of 70% of PA Resources interest in and operatorship of its offshore Tunisian assets to EnQuest Plc. was announced in May. The farm-out resulted in a book loss after tax of SEK -117 million. · A new board of directors was elected at the AGM in May and a review of PA Resources’ strategy, assets and financing was initiated. · A fully underwritten rights issue of SEK 891 million was approved by an Extraordinary General Meeting on 5 July. · An impairment loss of SEK 185 million was reported following the relinquishment of the Greenlandic licence 2008/17 (Block 8), and the decision to expense the exploration well drilled on Danish licence 9/06 (Gita) in 2009. · Oil was encountered in an exploration well and its sidetrack on the Carla South prospect in Block I in Equatorial Guinea. FINANCIAL KEY RATIOS Q2 Q2 Jan. Jan.-June 2012 Jan.-Dec. 2012 2013 2012 -June 2013 Revenue (SEK 332 542 778 1,192 2,184 million) EBITDA (SEK 140 302 383 697 1,255 million)** EBITDA margin** 42.3% 55.7% 49.2% 58.5% 57.5% Operating profit 79 148 248 363 684 (SEK million) * Operating margin * 23.8% 27.4% 31.9% 30.4% 31.3% Profit before tax -2 -23 130 45 85 (SEK million) * Profit for the -350 -210 -316 -241 -1,966 period Earnings per share -12.37 -134.56 -12.45 -154.60 -966.17 after dilution (SEK) *The figures for Q2 and the H1 period in 2013 are exclusive of non-cash, one-off costs of SEK 647 million before tax and SEK 302 million after tax, and SEK 668 million before tax and SEK 323 million after tax, respectively. Figures for Q2 and H1 2012 are exclusive of non-cash, one-off costs of SEK 92 million before and after tax, respectively. Figures for the full year 2012 are exclusive of non -cash, one-off costs of SEK 1,748 million before and after tax. **EBITDA and the EBITDA margin for Q2 and the H1 period in 2013 are exclusive of non-cash, one-off costs of SEK 462 million related to the farm-out of Tunisian offshore assets during the second quarter of 2013. For the complete Interim Report, see attached file. Webcast conference call PA Resources' results for the second quarter 2013 will be presented on 14 August 2013 at 10 a.m. (CET) via a webcasted conference call. Use the following link to participate: http://storm.zoomvisionmamato.com/player/pare.../a8tknrq0/ To participate via phone, please call: SE: +46 8 505 564 74 UK: +44 203 364 5374 US: +1 855 753 2230 Stockholm, 14 August 2013 PA Resource AB (publ) For queries, please contact: Tomas Hedström, CFO +46 8 545 211 50 PA Resources AB (publ) conducts exploration, development and production of oil and gas assets. The Group operates in Tunisia, Republic of Congo (Brazzaville), Equatorial Guinea, United Kingdom, Denmark, Netherlands and Germany. PA Resources is producing oil in West Africa and North Africa. The parent company is located in Stockholm, Sweden. PA Resources’ net sales amounted to SEK 2,184 million in 2012. The share is listed on the NASDAQ OMX in Stockholm, Sweden. For additional information, please visit www.paresources.se. The above information has been made public in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was published at 8.15 a.m. CET on 14 August, 2013.
PA Resources’ Interim Report January - June 2013 SECOND
Top 10 Most Recent News Articles
Bob Evans' Protein Mac & Cheese: Practical Power Play
Has anyone else noticed just how fast the world spins when it comes to consumer trends these days? Bob Evans is hopping right on the protein bandwagon with its latest launch, a microwave-ready Protein Macaroni & Cheese that packs 18 grams of protein per serving. You gotta hand it to them for seizing opportunity when they see it. This one's not just about tossing a new...
Continue Reading
Purina Institute Highlights Nutritional Science at WSAVA 2026
A Global Stage for Pet Nutrition Science The folks over at the Purina Institute are back in the spotlight as they gear up to throw their weight behind the 51st World Small Animal Veterinary Association (WSAVA) Congress in Warsaw, Poland. Set for October 13-15, 2026, this isn’t just another event—they're bringing some serious clout with their 'Food for Thought'...
Continue Reading
JiMMYBAR! Expands Creatine Market with Target Launch
JiMMYBAR! Breaks New Ground in Supplements You ever notice how some companies just know how to shake things up? Take JiMMYBAR!, for instance. The moment I read they’re making moves to get their Creatine + Protein bars into Target stores nationwide, starting October 4, I thought, “That’s one way to drag creatine out from the dusty tub and onto the shelves of...
Continue Reading
NYSE Texas Redefines the U.S. Capital Markets Landscape
NYSE Texas: Carving a Niche The notion of 'Y'all Street' might seem like a gimmick, but NYSE Texas is pushing a serious agenda with its newly released white paper, 'NYSE Texas and the Reshaping of U.S. Capital Markets.' This is no small feat. Texas is already housing 235 NYSE-listed companies, boasting a colossal combined worth of $4.8 trillion. With 130 of these firms...
Continue Reading
Cala Launches Game-Changer Wearable for Tremor Relief
Breaking New Ground in Neuromodulation Medical tech's on a roll, and Cala Health just hopped on the fast track with their latest launch—the Cala kIQ Plus System. This bad boy is aiming to offer relief for those grappling with hand tremors, thanks to its FDA clearance and a host of new features. It's the first of its kind, combining multiple therapy modes with an...
Continue Reading
Community Banks Missing $106B Lending Opportunity?
A Missed Opportunity for Community Banks It's a classic tale: community banks sleepwalking while big players snatch up low-hanging fruit right in their own backyards. According to the latest report by Cornerstone Advisors, commissioned by Teslar Software, these banks are essentially leaving $106 billion on the table when it comes to consumer lending. That's not just chump...
Continue Reading
Charter Next Generation Unveils Gen 2 MDO-PE Films
Peering Into CNG's Latest Innovation Charter Next Generation (CNG) just threw down a hefty gauntlet with its launch of next-gen machine-direction-oriented polyethylene (MDO-PE) solutions. They're pushing the envelope on what recycle-ready packaging can do, folks. Let's not mince words—other players in the field better have their game faces on. This ain't just another...
Continue Reading
Dentistry.One Achieves HITRUST i1, Boosts Cybertrust
HITRUST i1 Certification: The Gold Standard in Security For a world increasingly reliant on digital infrastructure, cybersecurity certification is no longer just a badge of honor; it's a cornerstone of trust. Dentistry.One nailed this down by bagging that coveted HITRUST i1 certification. When folks talk about securing data, HITRUST might as well be speaking gospel. We're...
Continue Reading
Truss Financial Tackles Home Equity Closing Delays
Truss Financial Group's Bold Move Against Closing Delays In real estate, time is money. Even the most casual market observer could tell you delays can slice through a deal like a hot knife through butter. That's the headache home equity borrowers face, blindsided by closing delays that sneak up on them without warning. An Industry Bottleneck Finally Addressed Enter Truss...
Continue Reading
Karoo Health Leaps Forward with New CCO Breton
Change of Guard in Cardiac Health at Karoo Here's a move that might shake things up in the healthtech sector: Karoo Health just snagged Angela "Angie" Breton as their new Chief Commercial Officer. It's like putting a seasoned captain at the helm right before setting sail on uncharted waters. Breton's not just any captain—she's got a hefty 25 years of experience...
Continue ReadingTop 5 Most Recently Viewed Articles
2026 Wealth Management Awards Celebrate Innovation Surge
Another Year of Transformation in Wealth Management Hey, make no mistake, folks—2026 is shaping up to be a landmark year for the wealth management sector. The finalists for the Wealth Management Industry Awards, or the 'Wealthies' as they’re colloquially dubbed, are in, and, let me tell you, they're nothing short of revolutionary. With a staggering 1,392 nominations...
Continue Reading
Lululemon Athletica Inc. Faces Class Action Lawsuit – Key Details
Understanding the Class Action Against Lululemon Athletica Inc. Lululemon Athletica Inc. (NASDAQ: LULU) is currently involved in a class action lawsuit that has garnered significant attention from both shareholders and those monitoring the industry. This legal action stems from claims that the company made materially misleading statements within a specific class period....
Continue Reading
Exploring the Growth Surge in Radiopharmaceuticals Market
Transformative Growth in the Radiopharmaceuticals Market The global radiopharmaceuticals market is poised for a significant transformation, with an expected growth of USD 6.28 billion from 2024 to 2028. This remarkable increase is primarily fueled by the rising incidence of neurological disorders, along with innovative advancements in technology and production processes....
Continue Reading
Unlocking the Future of Air Travel: Insights from Viasat
Future Possibilities in Air Travel Connectivity The aviation industry is on the brink of a remarkable transformation, as highlighted in the latest insights from Viasat. Their report reveals the pivotal role of high-quality connectivity in shaping the future of air travel. As a global leader in satellite communications, Viasat is at the forefront of this evolution,...
Continue Reading
BILL Holdings Prepares for Earnings Release: What Investors Should Know
BILL Holdings Prepares for Earnings Release BILL Holdings (NYSE: BILL) is gearing up to unveil its quarterly earnings report. Investors are eagerly awaiting this announcement as it could significantly influence the company's trajectory. As we approach the date, let’s delve into what analysts expect and how the company has performed historically. Anticipated Earnings and...
Continue Reading