reports
President Energy - Maximising value from conventional assets
President Energy’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...
- Elaine Reynolds
Exploration watch: 2019 exploration wells
Worldwide exploration continued to be dominated by ExxonMobil’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 Su...
- Elaine Reynolds
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 ...
2 directors bought/maiden bought
Two Directors at President Energy bought/maiden bought 195,015 shares at between 8.8p and 9.0p. The significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors o...
- Elaine Reynolds
Exploration watch: Argentina
Argentina has experienced major changes in its oil and gas industry over the last five years. The country holds world-class shale potential in the Vaca Muerta and is the second-largest shale region undergoing development in the world after the US. Discovered in 2010, the Vaca Muerta has attracted major companies to invest in the region including Chevron, Dow, ExxonMobil, Shell and Total. Production has historically been dominated by the state majority-owned company Yacimientos PetrolÃferos Fisc...
President Energy PLC (PPC) - Oil & Gas - Deals and Alliances Profile
Summary President Energy PLC (President Energy), formerly President Petroleum Company PLC, is an upstream oil and gas company. It explores for, evaluates, develops, produces and sells crude oil and natural gas. The company has interests in exploration assets in the US, Argentina, and Paraguay. President Energy's operational assets include interest in the Pirity, Demattei and Hernandarias concessions in the Pirity sub-basin, Paraguay; Puesto Guardian, Matorras and Ocultar field, Argentina; and E...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Update: Lapacho adds to Jacaranda drilling
President Energy (PPC) announced the spudding of the historic Jacaranda well on 16 June. Jacaranda is the first well to be drilled in Paraguay in many years and is the first in a three-well programme that has the potential to de-risk over 1bnboe of gross unrisked resources across three petroleum systems. We expect results of Jacaranda in late August (after a 70-day drill), which is targeting gross best estimate unrisked prospective resources of 481mmboe across three intervals. This well will be ...
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