President Energy PLC - energy company with assets focused primarily in South America - Reports positive results from the secondary recovery pilot project in the main Puesto Flores field, Argentina. "President is pleased to say that the pilot project is showing concrete signs of success which if promulgated to other parts of the mature Puesto Flores field would not only in the short to medium term increase production and but would also extend out decline curves, thereby prolonging field life and ultimately have a beneficial effect on the extent of recoverable reserves," company says.
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By Evelina Grecenko; evelinagrecenko@alliancenews.com
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