PA RESOURCES : Announcement from PA Resources Annual General Meeting on 13th of May 2009

The shareholders in PA Resources AB (publ) held the Annual General
Meeting on Wednesday evening 13th of May 2009 in Stockholm, Sweden.
This is a summary of the most important decisions made by the Annual
General Meeting.

The annual report and the auditor's report as well as the
consolidated annual report and the auditor's group report were
presented. The income statement and the balance sheet for both the
parent company and the consolidated group were adopted by the
Meeting.
The Meeting discharged the members of the Board and the President
from liability.
The fees to be paid to the Board of Directors were set by the Meeting
at a total of SEK 1,650,000 (preceding year: 1,375,000), with SEK
550,000 to the chairman and SEK 275,000 to each of the other members,
which are unchanged from previous years. It was resolved that the
fees to the accountants would be paid according to reasonable and by
the Company approved invoices.
The Meeting decided to re-elect Catharina Nystedt-Ringborg, Lars Olof
Nilsson and Sven Rasmusson, as well as elect Paul Waern and Hans
Kristian Rød new members of the Board. Sven Rasmusson was elected new
Chairman of the Board.
The Meeting decided to re-elect Ernst & Young AB in Stockholm,
Sweden, as the Company's accountant with Jaan Kubja as head
accountant for a mandate period of an additional four years.
The Meeting resolved to establish a Nomination Committee for the next
Annual General Meeting whereby the three largest shareholders in the
Company will appoint one representative each, who together with the
Chairman of the Board shall comprise the Nomination Committee. The
composition of the Nomination Committee shall be communicated six
months at the latest before the Annual General Meeting in 2010.
The Meeting approved the guidelines proposed by the Board regarding
remuneration to the President and other leading officials in the
senior management.
The Meeting decided, as proposed by the Board, to adjust the Articles
of Association as regards notices of general meetings to new
regulations expected to come into force before the AGM 2010. The
adjustment is however conditioned by such legislation taking effect.
According to the new rules, notice of general meeting shall be
advertised in Post och Inrikes Tidningar and on the company's web
site.
The Meeting resolved to authorize the Board for the period until the
next Annual General Meeting, at one or more occasions, to increase
the company's share capital through issue of shares, convertibles
and/or warrants, by a maximum of totally SEK 7,250,000, equivalent to
a maximum of 14,500,000 shares. An issue without preferential rights
for the shareholders based on the authorization can only be made by
issue of shares.
In his address, PA Resources' President, Ulrik Jansson, reported on
the Group's development during the fiscal year
of 2008 and the first quarter 2009.

Stockholm, May 14, 2009
PA Resources AB (publ)

For additional information, please contact:
Ulrik Jansson
President and CEO
PA Resources AB
Telephone: [phone]
E-mail: [e-mail]
Sven Rasmusson
Chairman of the Board
Telephone: [phone]
E-mail: [e-mail]


PA Resources AB (publ) is an international oil and gas group with the
business strategy to acquire, develop, exploit and divest oil and gas
reserves, as well as explore new findings. The Group operates in
Tunisia, United Kingdom, Denmark, Greenland, Netherlands, Equatorial
Guinea and the Republic of Congo (Brazzaville). PA Resources is today
one of the largest oil producers in Tunisia. The parent company is
located in Stockholm, Sweden.
PA Resources net sales amounted to SEK 2,420 Million during 2008. The
company is primary listed on the Oslo Stock Exchange in Norway
(segment OB Match) and secondary listed on the NASDAQ OMX Nordic
Exchange in Stockholm, Sweden (segment Large Cap). For additional
information, please visit www.paresources.se.


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.
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