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 2018 were 593,000 bpd oil and 39.4 billion cubic metres gas and the proved reserves at end 2018 were 2.5 bln bbl oil and 12.2 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. At the end of 2018, the imports of petroleum oils amounted to $1.73billion.

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USA

Louisiana has proven reserves of 458 million barrels of oil and 10 billion cubic feet of gas.

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