President Energy Plc

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Operations

The portfolio consists of a balance of high margin production primarily in Argentina with additional production in Louisiana. In addition, we have further significant exploration and development opportunities through our acreage in Paraguay and Argentina.

According to the BP Statistical Review of World Energy, the production at end 2017 were 593,000 bpd oil and 3.6 Bcf / d gas and the proved reserves at end 2017 were 2.2 bln bbl oil and 11.6 tcf gas. Furthermore, recently published Government Energy Plan states objectives being to, within 5 years achieve 1 mln bpd oil production and 9 bcf / d gas.

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Paraguay currently has no proven oil or gas reserves and no production. The imports of oil amount to some 28,000 bpd.

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USA

According to the EIA, average oil production from Louisiana in 2017 was around 143,000 bpd.

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