4 Mar 2015 09:53
President Energy has slashed the price it will pay to assume full control of the Puesto Guardian oil field in Argentina. The site was initially expected to cost the oil explorer $17.9m but it will now pay $5.8m. In July, the firm agreed to pay $5m for the 50% not under its control and an additional
Read moreShares in President Energy fell sharply on Monday despite a positive update from the group on its Lapacho well in the Chaco region of Paraguay. The company said that while it was too early to say that it had struck oil, there was encouraging evidence that it would be able to do so in the future. Pr
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