PA Resources has formally cl/sed the acquisition of ADECO Congo BVI Ltd.

Source: www.gulfoilandgas.com 12/20/2006, Location: Africa

PA Resources AB formally closed the transaction relating to the previously announced acquisition of 100 % in the company ADECO Congo BVI Ltd. ADECO Congo BVI Ltd is the 100 percent owner of ADECO Congo SA, a company registered in Congo (Brazzaville). ADECO Congo SA owns 85 % interest in the Production Sharing Agreement in block Marine XIV situated offshore in Congo (Brazzaville).

The consolidation of financial accounts will take place as per December 31, 2006.


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