Argentina Reserves Upgrade15 Mar 2017 07:22
Note the multiple cap mention. This will re-rate, esp with Argentine operations and Paraguay coming back into the picture soon.
Peter Levine, Chairman, commented:
"The Company's 2P Hydrocarbon Reserves are comparable to companies whose market capitalisation is a multiple of President's. Whilst five separate fields in the Concession have each their own characteristics, with the 2017 workover programme the key factor is to increase the production to reserves ratio.