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President Energy shares dive after Lapacho well update

Mon, 17th Nov 2014 11:03

Shares in President Energy fell sharply on Monday despite a positive update from the group on its Lapacho well in the Chaco region of Paraguay.The company said that while it was too early to say that it had struck oil, there was encouraging evidence that it would be able to do so in the future.President previously announced that a light oil/condensate discovery had been made higher up the well in the Icla formation and that drilling would continue to penetrate the main Santa Rosa target.The group said it has seen evidence of "constant background gas ranging from 3% to over 12%" and that it plans to drill to the base of the Santa Rosa formation to a depth of 4,600m to fully evaluate the target section.Due to the extended drilling period, President pledged to update on further progress towards early December.Shares had dropped 19.7% to 27.90p by 13:42.
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3 Sep 2020 14:39

IN BRIEF: President Energy On Track At Rio Negro Fields In Argentina

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3 Sep 2020 11:30

President Energy upbeat on first Rio Negro well workover

(Sharecast News) - Argentina-focussed exploration and production company President Energy updated the market on its operations on Thursday, following the results of its first well workover in the current programme at its Rio Negro fields.

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26 Aug 2020 15:36

IN BRIEF: President Energy Starts Workover At Rio Negro Project

IN BRIEF: President Energy Starts Workover At Rio Negro Project

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29 Jul 2020 06:54

IN BRIEF: President Energy Sees Further Investment For USD165,000

IN BRIEF: President Energy Sees Further Investment For USD165,000

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27 Jul 2020 15:35

IN BRIEF: President Energy To Begin Exporting Argentina Oil

IN BRIEF: President Energy To Begin Exporting Argentina Oil

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27 Jul 2020 09:06

President Energy to begin export oil sales

(Sharecast News) - Argentina-focussed exploration and production company President Energy updated the market on sales of oil from its Rio Negro fields on Monday, reporting that since the start of production, it had sold all its oil exclusively in the country at the prevailing domestic price.

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15 Jul 2020 16:06

UK Shareholder Meetings Calendar - Next 7 Days

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13 Jul 2020 18:25

UK TRADING UPDATE SUMMARY: Mineral & Financial Invests In Ideon Tech

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22 Jun 2020 13:26

President Energy Sinks To Huge 2019 Loss, Will Focus On Rio Negro

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15 Jun 2020 15:52

UK Shareholder Meetings Calendar - Next 7 Days

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15 Jun 2020 12:25

IN BRIEF: President Energy Finds Two New Well Targets At Rio Negro

IN BRIEF: President Energy Finds Two New Well Targets At Rio Negro

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15 Jun 2020 11:52

President Energy upbeat on progress at Rio Negro, Pirity

(Sharecast News) - Argentina-focussed President Energy updated the market on its Paraguay asset, as well as its drilling plans for Rio Negro in the second half of the year, on Monday.

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4 Jun 2020 18:22

President Energy Raises Over GBP2 Million In PrimaryBid Offer

President Energy Raises Over GBP2 Million In PrimaryBid Offer

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3 Jun 2020 18:15

President Energy Plans To Reduce Debt, Raise USD3.1 Million

President Energy Plans To Reduce Debt, Raise USD3.1 Million

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20 May 2020 06:54

President Energy Notes Argentina's Decision To Set Fixed Oil Price

President Energy Notes Argentina's Decision To Set Fixed Oil Price

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