Acquisition of the exploration contract covering the 384 sq km area known as Angostura in the Rio Negro province, Argentina. Situated directly to the west of President’s Las Bases Concession. Angostura currently produces both oil and gas and has a connection to the Company’s regional pipeline.
Reunification of an area between Puesto Flores and Estancia Vieja spanning approximately 70 square kilometres known as Loma de Kauffman. Creating a reunified Concession totalling some 240 square kilometres.
December 2018, the Company acquired 90% interest and operatorship in the Puesto Prado and Las Bases blocks in the Rio Negro province including its own 38km 8″ diameter steel gas pipeline running from the Concession to own tie-in to the regional gas transport pipeline allowing gas to be transported and sold to market.
In September 2017, the Company acquired 90% interests and operatorship in the producing Puesto Flores as well as the Estancia Vieja blocks in the Rio Negro province.
In July 2014, the Company acquired the remaining 50% interest and operatorship in the Puesto Guardian concession.
President entered Paraguay in September 2012 by farming into the underexplored Pirity and Demattei blocks.
At the time, the Company was focused on its portfolio of interests in Australia and the United States, first entering Argentina in June 2011 through the acquisition of a 50% non-operated interest in the producing Puesto Guardian concession, in the province of Salta.
The Company changed its name to President Petroleum Company PLC when Peter Levine acquired a controlling interest in November 2009.
The Company was originally founded as Meridian Petroleum Resources PLC in 2004.