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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

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