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IN BRIEF: President Energy Hails Testing Success At Rio Negro

Thu, 26th Nov 2020 14:39

President Energy PLC - oil and gas company focusing on Latin America - Announces testing success at the old shut-in well, LB-1, at the Las Bases field at Rio Negro, Argentina. Says gas freely and continuously flowed to surface in commercial quantities during test at choke sizes ranging from 4 millimetres to 16 millimetres. Says there is potential to materially increase production by performing artificial stimulation.

Current stock price: 1.54 pence

Year-to-date change: down 48%

By Greg Roxburgh; gregroxburgh@alliancenews.com

More News

27 Nov 2018 15:28

President Energy spuds last of three development wells in Rio Negro

(Sharecast News) - Upstream oil and gas company President Energy updated the market on its current drilling programme at the Puesto Flores/Estancia Vieja Concession in Río Negro Province, Argentina on Tuesday.

27 Nov 2018 13:23

President Energy Spuds Last Well In Rio Negro, Prepares For Drilling

LONDON (Alliance News) - President Energy PLC on Tuesday said it spudded the PFO 1005 development well at the Puesto Flores field in Rio Negro province, Argentina.President Energy holds 90%

22 Nov 2018 16:06

President Energy makes progress in Rio Negro

(Sharecast News) - Upstream oil and gas company President Energy updated the market on its drilling programme at the Puesto Flores/Estancia Vieja Concession, in Río Negro Province, Argentina on Thursday, where President was the operator with a 90% holdings, and provincial energy company EDHIPSA held 10%.

22 Nov 2018 12:33

President Energy Pleased With Performance Of First Argentine Well

LONDON (Alliance News) - President Energy PLC on Thursday reported a significant increase in flow rate from its first newly drilled well in Argentina.PFO 1001, on its Puesto Flores/Estancia

29 Oct 2018 10:34

President Energy profits boosted by higher revenues and lower expenses

(Sharecast News) - Oil and gas outfit President Energy saw third-quarter profits rise as revenues increase and costs decrease over the three months ended 30 September.

29 Oct 2018 09:52

President Energy Quarterly Profit Rises On Lower Operating Expenses

LONDON (Alliance News) - President Energy PLC on Monday said its earnings grew in the third quarter of its current financial year, thanks to lower operating costs.The oil & gas company

26 Oct 2018 09:14

President Energy confirms spudding of Puesto Flores development well

(Sharecast News) - Upstream oil and gas company President Energy confirmed on Friday that the PFE 1001 development well had now spudded at the Puesto Flores/Estancia Vieja Concession in Río Negro Province, Argentina.

22 Oct 2018 14:21

President Energy drills first of three wells at Puesto Flores

22 Oct 2018 12:13

President Energy Completes First Development Well At Puesto Flores

LONDON (Alliance News) - President Energy PLC said Monday it has completed the PFO 1001 development well at its 90%-owned Puesto Flores field in Rio Negro Province, Argentina.The well has a

15 Oct 2018 12:46

President Energy Buys Production Block In Louisiana For USD175,000

LONDON (Alliance News) - President Energy PLC said Monday that, through its subsidiary Meridian, it bought and signed a lease with the Louisiana authorities for a 693-acre production block known a

26 Sep 2018 11:27

President Energy Interim Loss Narrows As Revenue Up On Higher Prices

LONDON (Alliance News) - President Energy PLC on Wednesday said its loss narrowed significantly in the first half of 2018 as revenue multiplied on higher production and oil prices.The oil a

24 Sep 2018 11:39

President Energy Gets Started On Three-Well Drilling Programme

LONDON (Alliance News) - President Energy PLC confirmed on Monday it has spudded the PFO 1001 well in Argentina, the first of a three well drilling programme.PFO 1001 is on the Puesto Vieja

12 Sep 2018 14:28

President Energy Confirms Making Rio Negro Province Proposals

LONDON (Alliance News) - President Energy PLC said Wednesday it made proposals to the Rio Negro Province for the granting of 10-year exploitation concessions for the Las Bases and Puesto Prado in

9 Aug 2018 10:47

President Energy Confirms Drilling Start-Date As Cash Generation Grows

LONDON (Alliance News) - Oil and gas firm President Energy PLC confirmed Thursday it will be starting a three well development drill programme in Argentina by the end of September.The aim a

27 Jul 2018 14:15

President Energy pleased with workover progress in Rio Negro

(Sharecast News) - Upstream oil and gas company President Energy updated the market on its workover programme at the Puesto Flores/Estancia Vieja Concession in Río Negro Province, Argentina on Friday, reporting that current total concession oil production continued in the range of 2,000-2,100 barrels of oil per day (bopd), with the workover programme still continuing.

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IN BRIEF: President Energy Hails Testing Success At Rio Negro

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