(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: President Energy
President Energy Spuds Third Development Well In Argentina
(Energy Analytics Institute, Aaron Simonsky, 27.Nov. 2018) — President Energy has spud the third development well at the Puesto Flores/Estancia Vieja Concession in Rio Negro Province, Argentina. The PFO 1005 development well at the Puesto Flores field, which is the last of the recent three well sequence, has now been […]
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 […]
President Energy Updates on Argentine Reserves
(President Energy Plc, 15.Mar.2017) – President Energy Reports Audited Argentine Reserves Upgrade President Energy Group 2P Hydrocarbon Reserves now in excess of 20 MMBoe. Highlights: — Argentine 1P Oil Reserves increase by 9% to 12 MMBoe of which 11.5 MMBbls is oil — Argentine 2P Reserves increase by 10% to […]
President Energy Provides Update on Argentine Ops
(President Energy Plc, 12.Mar.2017) – President Energy announced that the first workover of a previously producing well, DP12 at the Dos Puntitas field, has been completed on time and on budget. The workover of DP12 went to plan with minimal non-productive time and the well, which had previously had a […]