President Energy PLC - oil explorer focussed on Argentina - Commences workover programme in Rio Negro province. Programme comprises six wells of which two target generating an additional 100,000 cubic metres per day of gas. Of the next three, one is the pulling of a defective pump, one is replacing a beam pump with a more efficient electric submersible pump and one is to repair a leaking packer. The final well is a pilot project for secondary recovery at the Puesto Flores field. Recommences talks to drill a well on the Delray complex in Paraguay. Considers making investments in Argentinian renewable energy and related technology businesses.
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Year-to-date change: down 42%
By Tapan Panchal; tapanpanchal@alliancenews.com
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