22 Jul 2020 14:00
22 July 2020
PRESIDENT ENERGY PLC
("President" or the "Company")
Result of AGM
President is pleased to announce that all resolutions proposed to shareholders at the Company's AGM held at 11.00am today were duly passed.
The Investor Meet Presentation can be found in the Presentations section of the Company's website www.presidentenergyplc.com.
Recordings of both the AGM and Investor Meet Presentation from today will be available shortly and can be found within the media section of the Company's website.
Contact:
President Energy PLC Peter Levine, Chairman Rob Shepherd, Group FD
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+44 (0) 207 016 7950
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finnCap (Nominated Advisor) Christopher Raggett, Charlie Beeson | +44 (0) 207 220 0500 |
Shore Capital (Corporate Broker) Jerry Keen, Antonio Bossi
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+44 (0) 207 408 4090 |
Tavistock (Financial PR) Nick Elwes, Simon Hudson | +44 (0) 207 920 3150 |
Notes to Editors
President Energy is an oil and gas company listed on the AIM market of the London Stock Exchange (PPC.L) primarily focused in Argentina, with a diverse portfolio of operated onshore producing and exploration assets.
The Company has operated interests in the Puesto Flores, Estancia Vieja, Puesto Prado and Las Bases Concessions, and Angostura exploration contract, all of which are situated in the Rio Negro Province in the Neuquén Basin of Argentina and in the Puesto Guardian Concession, in the Noroeste Basin in NW Argentina. Alongside this, President Energy has cash generative production assets in Louisiana, USA and further significant exploration and development opportunities through its acreage in Paraguay and Argentina.
The Group is also actively pursuing value accretive acquisitions of high-quality production and development assets in Argentina capable of delivering positive cash flows and shareholder returns. With a strong institutional base of support, including the IFC, part of the World Bank Group as well as the international commodity trader and logistics company Trafigura, an in-country management team as well as a Board whose interests are aligned to those of its shareholders, President Energy gives UK investors access to the Argentina energy growth story combined with world class standards of corporate governance, environmental and social responsibility.
This announcement contains inside information for the purposes of article 7 of Regulation 596/2014