President Energy plc share price, company news, analysis and interviews

President Energy plc (LON:PPC), the energy company with a diverse portfolio of production and exploration assets, provides a Group update on the treatment plant development and its beneficial impact on opex. Highlights ·       Treatment plant development commenced with first stage set to open by end June ·       Material savings in opex expected from start H2 2021 Treatment plant development The development of the treatment plant in Puesto Flores referred to in the Company’s announcement of 22 December 2020 has commenced and to date is on time and on budget. The first stage of the development, which President has now fast tracked, is projected to be

President Energy plc (LON:PPC), the energy company with a diverse portfolio of production and exploration assets focused primarily in South America, has today provided the following group update: Highlights •             Four well committed drilling programme in Argentina to commence by end March in Rio Negro Province •             Planning in progress for potentially drilling and 3D seismic data acquisition in H2 at the Puesto Guardian Concession, Salta, Argentina  •             Further announcements on new reserves report and market guidance for current year expected by end February Rio Negro President has a firm programme to drill four new slim hole gas wells in

President Energy plc (LON:PPC), the energy company with a diverse portfolio of production and exploration assets, has announced an operations and production update in relation to its activities across the Group. Key points •     Compressor at Las Bases field, Rio Negro, now commissioned •    Newly drilled well LB-1001 at the Las Bases field opened up and producing, new EVN-x1 at the Estancia Vieja field well to follow •     Production in Salta, Argentina stable and South Louisiana, USA steady •     Total current instantaneous Group net production estimated at approximately 4,000 boepd •     Current net gas production in Argentina approximately 2,000 boepd •     The Company is currently finalising plans for next

President Energy plc (LON:PPC), the upstream oil and gas company with a diverse portfolio of production and exploration assets focused primarily in Argentina, has confirmed that it has granted options over, in aggregate, 35,000,000 1p Ordinary Shares in the Company to such of its USA and LatAm senior management and employees stated below, all being persons discharging managerial responsibilities. The new Options set out in the table below for senior management and employees are designed to promote long-term stability and retention among key management as well as providing performance incentive to reward loyalty and long service.  The Options vest in two equal tranches