Argentina

President Energy holds a working interest and is the Operator in the Puesto Flores and Estancia Vieja Concessions (90%), CNO-8 “Puesto Guardian” licence (100%) and two exploration licence areas ("Matorras and Ocultar") surrounding Puesto Guardian in Salta Province, Argentina (100%).

Puesto Flores / Estancia Vieja (Operator and 90% Working Interest)

Puesto Flores and Estancia Vieja is a prospective onshore licence block in the prolific Neuquen Basin, Rio Negro Province, Argentina with existing oil production, and material upside potential through exploitation of reserve base and further exploration.

Puesto Guardian (Operator and 100% Working Interest)

Puesto Guardian is a prospective onshore licence block with existing oil production, and material upside potential through exploitation of reserve base and further exploration.

Matorras and Ocultar (100% Working Interest)

The combined area of these new licences covers 2,203 sq km, with Matorras (1469 sq km) being on the same structural trend as the Palaeozoic prospect under the Martinez del Tineo field at President's existing Puesto Guardian concession.



To view the Puesto Guardian, Matorras and Ocultar concession laws, please follow the links below:



Decree 3015
Decree 2491
Decree 2495