The Company has 2018 year end exit production in excess of 3,300 boepd and independently assessed 1P reserves in excess of 16 MMboe and 2P reserves of more than 25.6 MMboe.
The Company has operated interests in the Puesto Flores / Estancia Vieja, Puesto Prado / Las Bases and Angostura Concessions, Rio Negro Province, in the Neuquén Basin of Argentina and in the Puesto Guardian Concession, in the Noroeste Basin in NW Argentina. The Company is focused on growing production in the near term in Argentina.
Alongside this, President Energy has cash generative production assets in Louisiana, USA, exploration assets in Jefferson Island and further significant exploration and development opportunities through its acreage in Paraguay and Argentina.
The Company is actively pursuing value accretive acquisitions of high-quality production and development assets in Argentina capable of delivering positive cash flows and shareholder returns.
With a strong institutional base of support (including the IFC, part of the World Bank group) and an in-country management team, President Energy gives UK investors rare access to the Argentinian growth story combined with world-class standards of corporate governance, environmental and social responsibility.