PA Resources sells Norway assets

PA Resources has signed an agreement with Bayerngas Norge AS to sell all its assets in Norway for a cash consideration of approximately $220 million.

Offshore staff

LONDON -- PA Resources has signed an agreement with Bayerngas Norge AS to sell all its assets in Norway for a cash consideration of approximately $220 million.

The sale and purchase agreement is subject to the necessary approvals by Norwegian authorities, and is effective Jan.1, 2009.

12/01/2008

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