Edison Investment Research - President Energy (PPC) Exploration watch: 2019 exploration wells

Report

Edison Investment Research

Elaine Reynolds

Exploration watch: 2019 exploration wells

Worldwide exploration continued to be dominated by ExxonMobilâ€™s ongoing success offshore Guyana, with five discovery wells and the opening up of two new plays. In 2019, this activity will continue, but will be joined by two separate efforts led by Tullow Oil and Repsol that will look to extend this success to the inboard Orinduik and Kanuku blocks. In Latin America attention will also be focused on Mexico, as drilling extends into deeper waters alongside further exploration of the shallower Sureste Basin. In the North Sea, potential high-impact wells in the Barents Sea and West of Shetland were deferred into 2019 and activity looks set to increase in these areas this year. Onshore, we look at high-impact wells in the Nanushuk trend of Alaskaâ€™s North Slope and the frontier region of Western Mongolia.

29/01/2019 12 EN

Underlying

President Energy

President Energy is an independent, international oil and gas exploration and production company focused on South America. Co. is focused on oil and gas exploration, development and production and the sale of hydrocarbons and related activities. Co. has oil and gas production in two geographical markets: the U.S. and Argentina. Co. has exploration assets in Paraguay, Argentina, and the U.S. As at Dec 31 2016, Co.'s total proved and probable net reserves were 20.27 billion barrels of oil equivalent.

See profile

GB00B3DDP128 London Stock Exchange United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

See profile

Analysts

Elaine Reynolds

Other Reports on these Companies

Edison Investment Research

President Energy - Maximising value from conventional assets

President Energyâ€™s (PPC) drilling activity is due to recommence in H120 and, alongside significantly increased production from Estancia Vieja, will contribute to a 2020 management estimated average production rate of over 4,000boepd, up from an average of c 2,400boepd in 2019. Following the debottlenecking of a section of the evacuation pipeline system, PPC expects to increase the share of gas in its production mix to c 30%. This comes at a time when there seems to be more clarity from the new president of Argentina, Alberto FernÃ¡ndez, on the importance of the countryâ€™s oil and gas indust...

February 10, 2020 February 10, 2020 2 EN

Edison Investment Research

President Energy - Argentina â€“ material growth continues

President Energy is an oil and gas company with a diverse portfolio of operated onshore assets that is focused on growing production in Argentina in the near term. Management is targeting end-2019 production rates of around 5,000boepd from existing assets (from current rates of 2,700boepd), supported by ongoing drilling together with an active operational programme planned for H219. Further growth is expected through acquisitions in Argentina, with the addition of the Puesto Prado and Las Bases concessions adding critical mass in the Rio Negro Province, due by the end of the year. High-potenti...

October 22, 2018 October 22, 2018 2 EN

Greggs - More challenging environment in H224

Greggs has reported that FY24 profit is in line with management’s expectation despite the more challenging environment and slowing sales growth through H224. The more challenging market means that management is more cautious about the outlook for H125 than previously. With space expansion and recovery of cost inflation, it expects to deliver profit growth in FY25 albeit lower than previously anticipated. We have reduced our FY25 profit before tax estimate by c 2%.

6h 6h 1 EN

Pedro Fonseca

Pedro Fonseca

BlackRock Greater Europe Investment Trust - Positive prospects for high-quality portfolio

BlackRock Greater Europe Investment Trust (BRGE) is one of six funds in the AIC Europe sector. Co-managers Stefan Gries and Alexandra Dangoor note that although BRGE delivered a modest below-market performance over the last 12 months, the trust’s NAV total return has retained the top spot over the last decade. Despite a somewhat weak European economic backdrop and the risk of tariffs under returning US President Donald Trump, the managers are positive about the prospects for the trust’s portfolio of high-quality growth companies. They are sticking with their long-term approach, viewing themsel...

7h / 55m 7h / 55m 1 EN

Richard Williamson

Richard Williamson

Team Internet Group - Two potential bids at 125p

Team Internet's board yesterday confirmed that it has received two separate acquisition proposals from TowerBrook Capital Partners and Verdane Fund Manager. Each proposal offers 125p per share in cash, with an option for shareholders to choose an unlisted equity alternative.

January 8, 2025 January 8, 2025 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Exploration watch: 2019 exploration wells

President Energy - Maximising value from conventional assets

President Energy - Argentina â€“ material growth continues

Greggs - More challenging environment in H224

BlackRock Greater Europe Investment Trust - Positive prospects for high-quality portfolio

Team Internet Group - Two potential bids at 125p

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe