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

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 in 2020
• Multiple inorganic opportunities in the region