All-Round Excellence
Why Invest Now?
- Ownership and operatorship of fields together with evacuation infrastructure enables tight cost and schedule control as well as ability to quickly bring new discoveries, such as the recently announced EVN-x1, onstream
- Cash flow positive, growing production with all fields operationally profitable
- Near term significant organic growth potential with the means to pursue material inorganic growth opportunities
- Minimal third party financial debt provides flexibility to expand
- Access to end market through Trafigura, President’s second largest shareholder, a US$170 billion commodity and logistics company
- Razor focus on margins, low OPEX and G&A costs
- Dynamic, young in-country management
- Successful development and exploration
In addition, there is considerable upside potential available to President from three sources
- In excess of 100% incremental production potential from our existing producing assets
- The high potential exploration opportunities in Argentina and Paraguay that we anticipate drilling
- Multiple inorganic opportunities in the LatAm region
Significant Shareholders
(as at 20 January 2021)
- Peter Levine (PLLG Investments)
- Trafigura
- Schroders Investment Management
- Michinoko Ltd
- Other
President benefits from:
- A robust existing platform of highly cash generative production assets that limit downside risk and provide additional financing options
- An unparalleled alignment between executive management and shareholders given the active involvement of Peter Levine, our largest shareholder, as Chairman and CEO
- The operational excellence of our team in-country employing high standards of QHSE, corporate and operating governance, cost discipline and accountability
