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  "documentTitle": "European Distressed Credit Watch List",
  "authorId": "AlvarezMarsal",
  "authorName": "Alvarez & Marsal",
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      "text": "Despite the re-organisation process the board initiated a strategic review which was completed in Nov 2015. Despite the reorganisation process and strategic review the company does not have long term financing and has decided to sell its assets",
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      "text": "Total Revenue: 24.9",
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      "text": "PA Resources engages in the acquisition, extraction, and sale of oil and gas reserves. The company was founded in 1994 and is headquartered in Stockholm, Sweden.",
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      "text": "Following the failure of the Azurite field in the Republic of Congo to deliver expected production levels in 2011-2013, PA Resources has been burdened with unsustainably high level of debt.",
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      "text": "Source: Capital IQ, Debtwire, Company website",
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      "kind": "title",
      "text": "P. ENERGY – PA RESOURCES",
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      "position": 3,
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