President Energy PLC - oil & gas company focused on Latin America - Says EVN-x1 well in Argentina drilled to 2,000 metres on time and on budget and finds hydrocarbon presence. "Accordingly, until successful testing, it is too early to come to any conclusions as to actual producibility and size of the respective reservoirs for gas and oil. Testing will be made of each individual interval which will not be co-mingled," President Energy said.
Current stock price: 1.40 pence
Year-to-date change: down 53%
By Eric Cunha; ericcunha@alliancenews.com
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