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PA Resources expects to report a significant impairment charge in year-end report for 2015

2015-12-21 08:56:51| Appliances - Topix.net

As announced on the 17 November 2015, PA Resources is in the process of selling its portfolio of oil and gas assets. It is now clear that in the current severely depressed market for oil and gas assets, the market value of the company's assets is significantly lower than the book values published in the interim report for the third quarter of 2015.

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