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
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