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IN BRIEF: President Energy's facility in Argentina hit by fire

Thu, 11th Aug 2022 11:54

President Energy PLC - Leeds-based oil & gas company focused on Latin America - Reports there was a fire at its Puesto Flores facility in Rio Negro, Argentina. Says the fire was limited to an area containing separator units and extinguished immediately. Notes minor damage at the facility with oil production capability "totally" unaffected. Firm launches an investigation into the causes of the fire with the intention to restart the plant without delay.

Current stock price: 1.16 pence, down 3.8% in London on Thursday

12-month change: down 19%

By Heather Rydings; heatherrydings@alliancenews.com

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