President Energy Plc

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Argentina

President Energy holds a working interest and is the Operator in the Puesto Flores, Estancia Vieja, Puesto Prado and Las Bases Concessions (90%) together with a 25 year exploitation contract at the Angostura Concession in Rio Negro. In the South, the Company has CNO-8 “Puesto Guardian” licence (100%) and two exploration licence areas (“Matorras and Ocultar”) surrounding Puesto Guardian in Salta Province, Argentina (100%).