Tag Archive for oil

Argentinean assets, fast-tracked work, and avoiding peso problems – A catch-up with President Energy’s Peter Levine (PPC)

Since ValueTheMarkets.com last spoke to President Energy (LSE:PPC), the firm launched itself headfirst into an accelerated work programme at Puesto Flores/Estancia Vieja, one of its key assets in Argentina. The oil & gas business decided to accelerate work following its successful four-well workover programme at Puesto Flores and the successful reactivation of a live gas…

Touchstone Exploration in touching distance of 1,800 barrels of oil a day (TXP)

Touchstone Exploration (LSE:TXP) reveals it is within touching distance of achieving a current production level of 1800bopd in an operational and drilling update this morning. Earlier this year Touchstone announced it had become profitable at PLC level, generating free funds from operations of $3.1m during 2017 –  based on average production of 1375bopd for the…

Amerisur Resources sees strong pre-drill progress in Columbia – could a rise be on the cards? (AMER)

Established South America-focused oil and gas firm Amerisur Resources (LSE:AMER) edged up today after telling investors its planned exploration drilling work in Columbia is progressing steadily. Shares were up 1.9pc, or 0.3p, to 16.2p in morning trading after chief executive John Wardle said Amerisur is gearing up for a busy period of exploration drilling, targeting…