Gunvor Group to withdraw petition for PA Resources bankruptcy

Gunvor Group has informed the company that it intends to withdraw its petition for bankruptcy in PA Resources AB.

PA Resources AB is an international oil and gas group that conducts exploration, development, and production of oil and gas assets. The Group operates in Tunisia, Republic of Congo (Brazzaville), Equatorial Guinea, the UK, Denmark, the 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 603 million in 2014. The share is listed on the NASDAQ OMX in Stockholm, Sweden.

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