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Result of AGM

29 Jun 2018 15:00

RNS Number : 1181T
President Energy PLC
29 June 2018
 

29 June 2018

PRESIDENT ENERGY PLC

("President" or "the Company")

Result of AGM

 

President is pleased to announce that all resolutions proposed to shareholders at the Company's AGM held at 11.00am today were duly passed.

 

Contact:

 

President Energy PLC

Peter Levine, Chairman, Chief Executive

Rob Shepherd, Group FD

 

+44 (0) 207 016 7950

 

finnCap (Nominated Advisor & Joint Broker)

Christopher Raggett, Scott Mathieson, Andrew Burdis

 

 

+44 (0) 207 220 0573

BMO Capital Markets (Joint Broker)

Jeremy Low, Neil Haycock, Tom Rider

 

 

 +44 (0) 207 236 1010

 

Camarco Financial PR

Billy Clegg, Owen Roberts, Violet Wilson

 

+44 (0) 203 757 4980

 

The information communicated in this announcement is inside information for the purpose of Article 7 of Regulation 596/2014.

 

Notes to Editors

 

President Energy is an oil and gas company listed on the AIM market of the London Stock Exchange (PPC.L) primarily focused in Argentina, with a diverse portfolio of operated onshore producing and exploration assets. The Company currently has independently assessed 1P reserves in excess of 15 MMboe and 2P reserves of more than 27 MMboe.

 

The Company has operated interests in the Puesto Flores and Estancia Vieja Concession, Rio Negro Province, in the Neuquén Basin of Argentina and in the Puesto Guardian Concession, in the Noroeste Basin in NW Argentina. The Company is focused on growing production in the near term in Argentina. Alongside this, President Energy has cash generative production assets in Louisiana, USA and further significant exploration and development opportunities through its acreage in Paraguay and Argentina.

 

President Energy's third largest shareholder is the IFC, part of the World Bank Group and is actively pursuing value accretive acquisitions of high quality production and development assets in Argentina capable of delivering positive cash flows and shareholder returns. With a strong institutional base of support and an in-country management team, President Energy gives UK investors rare access to the Argentinian growth story combined with world class standards of corporate governance, environmental and social responsibility.

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
RAGSESFDUFASEIM
Date   Source Headline
26th Jul 20067:01 amRNSAppointment of Nomad
24th Jul 20067:00 amRNSNative Title Agreement
20th Jul 20064:44 pmRNSGrant of share options
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28th Jun 20067:01 amRNSPreliminary Results
20th Jun 20067:00 amRNSActivity Update
9th Jun 20067:00 amRNSOperational update
26th May 20067:01 amRNSCoal bed methane prospect
22nd May 20064:43 pmRNSExercise of Options
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13th Mar 20062:00 pmRNSActivity Update
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30th Sep 20055:53 pmRNSInterim Results
22nd Sep 20052:14 pmRNSHurricane Rita
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12th Aug 20057:00 amRNSPlacing
29th Jul 20057:00 amRNSOperational Update
16th Jun 20052:46 pmRNSActivity Update
19th May 20052:07 pmRNSDiscovery on Milford 36
11th May 20057:01 amRNSFinal Results
9th May 20059:00 amRNSSpudding of Well
5th Apr 20058:59 amRNSAppointment of Adviser
4th Feb 20053:09 pmRNSManagement Appointment
4th Jan 20052:43 pmRNSHolding in Company

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