President Energy - Argentina – 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-potential exploration opportunities are due to be drilled in Argentina and Paraguay in 2019, with farm-out processes underway in both countries.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.
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