Drilling Commences at Kafoury 3

Monday 22 November 2010

PRESIDENT PETROLEUM COMPANY PLC

("President Petroleum" or "the Company")

Drilling Commences at Kafoury 3

President Petroleum confirms that the Kafoury 3 exploration well on its East Lake Verret field in Louisiana, USA, has been spudded and is drilling ahead.

President Petroleum (AIM: PPC) is an oil and gas exploration and production company with onshore producing and exploration assets in Louisiana, USA and onshore exploration licences in South Australia.

For further information contact:

Ed Childers, the Company's Chief Operating Officer, and Dr Michael Cochran, the Company's Exploration Director, who meet the criteria of qualified persons under the AIM guidance note for mining and oil and gas companies, have reviewed and approved the technical information contained in this announcement.

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