President Energy plc (LON:PPC), the energy company with a diverse portfolio of production and exploration assets, has announced testing success at the old shut-in well, LB-1, Las Bases field, Rio Negro, Argentina.
Chairman Peter Levine caught up with DirectorsTalk to discuss todays news.
President Energy is a growing oil and gas producer with a profitable production base in Argentina and the US, and significant development and exploration upside in both Argentina and Paraguay. We are engaged and committed to short, medium and long-term value creation in our markets by being an efficient and responsible operator of all ours assets.
The Company has operated interests in Puesto Flores, Estancia Vieja, Puesto Prado and Las Bases Concessions as well as exploration assets in Angostura which are all situated in the Rio Negro Province in the Neuquén Basin of Argentina and in the Puesto Guardian Concession, in the Noroeste Basin in Salta, Argentina. Additionally, the Company has interest in the Pirity Block and the Hernandarias Block in Paraguay. It has interests in producing oil and gas fields in Louisiana, as operator of both the East Lake Verret field and Jefferson Island fields meaning the company has steady cash generative production assets in Louisiana, USA.
