27 Jun 2019 13:22
27 June 2019
PRESIDENT ENERGY PLC
("President", "the Company", or "the Group")
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.
Contact:
President Energy PLC | |
Peter Levine, Executive Chairman | |
Rob Shepherd, Group FD | +44 (0) 207 016 7950 |
finnCap (Nominated Advisor) | |
Christopher Raggett, Scott Mathieson | +44 (0) 207 220 0500 |
Panmure Gordon (Joint Broker) | +44 (0) 207 886 2500 |
Charles Lesser, Dominic Morley | |
Whitman Howard (Joint Broker) | +44 (0) 207 659 1234 |
Hugh Rich, Grant Barker | |
Tavistock (Financial PR) | +44 (0) 207 920 3150 |
Nick Elwes, Simon Hudson |
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, Rio Negro Province as well as 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, an in-country management team as well as a Board whose interests are aligned to those of its shareholders, President Energy gives UK investors rare access to the Argentinian 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
PPC.L (PPC)