(President Energy, 20.Jan.2020) — President Energy plc reports on subscription for new ordinary shares by Trafigura, conversion of debt into equity and immediate reduction of debt by $5.95 million and potentially up to $14.8 million. TRANSACTION HIGHLIGHTS: — The international commodity trader Trafigura has agreed to take a significant stake […]
Tag: Peter Levine
President Energy Updates On Argentine Drilling Program
(President Energy, 27.Nov. 2018) — President Energy provided an update on its drilling program at the Puesto Flores/Estancia Vieja Concession, Rio Negro Province, Argentina. President is operator and holds a 90% interest in the Puesto Flores/Estancia Vieja Concession, while its partner EDHIPSA, the Provincial energy company, holds the remaining 10% […]
President Energy Says Argentine Oil Well Better Than Expected
(President Energy, 13.Nov.2018) — President Energy announced that production results from its first new Argentine well were ahead of expectations, while results from the second new well were very encouraging. Highlights from the Puesto Flores/Estancia Vieja Concession, Rio Negro Province (90% President and operator and 10% EDHIPSA, the Provincial energy […]