Tag Archive for PPC

New reserves report shows large jump in President Energy’s Argentinean potential (PPC)

President Energy (LSE:PPC) sat at 9.1p on Friday morning after revealing a significant increase in the oil and gas reserves present across its assets in Argentina. A new, independent hydrocarbon reserves report found that the firm’s net 1P and 2P reserves in the country’s Neuquén Basin increased over the previous year by 82pc and 41pc…

President Energy updates on drilling campaign at Punta Rosada as it prepares for final drill of the year

President Energy (LSE:PPC) gave an update on its drilling campaign in the Rio Negro Province of Argentina today. The company owns a 90% working interest in the Puesto Flores/Estancia Vieja Concession and is the operator of the asset. The remaining 10% interest is held by the provincial energy company, EDHIPSA. President acquired the concession from…

President Energy boosted by early indications of development well success in Argentina (PPC)

Argentina-focused President Energy (LSE:PPC) told investors today that results from the first of three wells planned at its Puesto Flores field are at the ‘upper end of expectations’, sending shares up by 3pc to 8.4p. The business said the PFO 1001 development well, which spudded last month, found oil shows in at least three formations,…