President Energy profits boosted by higher revenues and lower expenses
29th Oct 2018 10:34
(Sharecast News) - Oil and gas outfit President Energy saw third-quarter profits rise as revenues increase and costs decrease over the three months ended 30 September.
Read morePresident Energy confirms spudding of Puesto Flores development well
26th Oct 2018 09:14
(Sharecast News) - Upstream oil and gas company President Energy confirmed on Friday that the PFE 1001 development well had now spudded at the Puesto Flores/Estancia Vieja Concession in Río Negro Province, Argentina.
Read morePresident Energy drills first of three wells at Puesto Flores
22nd Oct 2018 14:21
(Sharecast News) - Upstream oil and gas company President Energy updated the market on its current drilling programme at the Puesto Flores/Estancia Vieja Concession in Río Negro Province, Argentina on Monday, where it owns 90% and is the operator, with EDHIPSA holding 10%.
Read morePresident Energy pleased with workover progress in Rio Negro
27th Jul 2018 14:15
(Sharecast News) - Upstream oil and gas company President Energy updated the market on its workover programme at the Puesto Flores/Estancia Vieja Concession in Río Negro Province, Argentina on Friday, reporting that current total concession oil production continued in the range of 2,000-2,100 barrels of oil per day (bopd), with the workover programme still continuing.
Read morePresident Energy expects $55 per barrel of oil in Argentina
18th Nov 2016 09:36
(ShareCast News) - Oil and gas explorer President Energy said it expects to receive about $55 per barrel of oil sold in Argentina until the end of 2016, with a price drop "probable" next year. The Argentinian government has said it intends to match local international prices of oil, "whilst it is qu
Read morePresident Energy reports progress in Louisiana and Argentina
8th Aug 2016 12:09
(ShareCast News) - Oil and gas exploration and production company President Energy updated the market on its Argentine and Louisianan operations on Monday. The AIM-traded firm said that at the Dos Puntitas Field on the Puesto Guardian Concession in Argentina, it has now accepted the drilling rig com
Read morePresident Energy swings to FY loss as output rises
27th May 2016 14:51
(ShareCast News) - Paraguay- and Argentina-focused President Energy upped its daily production rate by 15% to 490 barrels of oil equivalent per day in 2015 in what it described as a challenging year due to macro and micro headwinds. The oil and gas exploration and production company swung to a full-
Read morePresident Energy acquires remaining stake in Paraguay project
6th Oct 2015 14:32
(ShareCast News) - Oil and gas explorer President Energy has agreed a deal to buy Pirity Hidrocarburos's 36% stake in the Pirity Concession oil in Paraguay. The agreement, which will give the London-listed company complete ownership of the project, will see President pay $0.5m in cash, with $0.2m on
Read morePresident Energy cuts price of Puesto Guardian acquisition by a third
1st Dec 2014 13:37
President Energy has slashed the price it will pay to assume full control of the Puesto Guardian oil field in Argentina. The site was initially expected to cost the oil explorer $17.9m but it will now pay $5.8m. In July, the firm agreed to pay $5m for the 50% not under its control and an additional
Read morePresident Energy shares dive after Lapacho well update
17th Nov 2014 11:03
Shares in President Energy fell sharply on Monday despite a positive update from the group on its Lapacho well in the Chaco region of Paraguay. The company said that while it was too early to say that it had struck oil, there was encouraging evidence that it would be able to do so in the future. Pr
Read morePresident Energy ups stake in Pirity project in Paraguay
10th Jun 2014 07:48
President Energy has raised its stake in the highly prospective Pirity Concession in Paraguay. President has acquired LCH, a Paraguayan company which has a carried 5% participating interest in Pirity, lifting its own holding in the project from 59% to 64%. The 5% interest is being carried by Pirit
Read moredotDigital directors each sell 1.5m shares to meet investor demand
26th Feb 2014 15:23
Three dotDigital directors this week each sold 1.5m shares in the software as a service provider to meet strong demand from institutional investors. Chief Executive and Finance Director Peter Simmonds, Chief Technical Officer Simon Bird, and Chief Operating Officer Tink Taylor, each pocketed £447,1
Read moreWednesday tips round-up: St James Place, Croda, President Energy
26th Feb 2014 07:20
Investing in a single stock is disliked by many investors, yet the share price appreciation seen in St James's Place easily outpaces the performance of almost any fund manager. The stock has run up by two thirds over the past year and yesterday jumped by another five per cent following better than e
Read moreTuesday broker round-up UPDATE
25th Feb 2014 08:40
African Barrick Gold: Canaccord Genuity raises target price from 205p to 315p and upgrades from hold to buy. Ashmore Group: Canaccord Genuity takes target price from 205p to 315p and downgrades from buy to hold. Associated British Foods: Jefferies increases target price from 2450p to 2600p retaini
Read morePresident Energy raises 31.2m pounds in share placing
24th Feb 2014 11:27
President Energy said it had raised 31.2m pounds in its placing and open offer. The AIM-listed company with interests in Paraguay said 1.4m shares had been conditionally subscribed for, representing around 11.9% of the total made available at 35p a share. President shares were up 0.75p to 33p at 1
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