President Energy to farm-in to 'promising' block in Paraguay
10th Jan 2014 07:56
President Energy is to become the operator of the 'promising' Hernandarias Block in the Chaco region of Paraguay, after being granted a farm-in of up to an 80 per cent interest. The farm-in, which is still subject to government and regulatory approvals, was granted at no cost to President, though t
Read morePresident Petroleum Chairman adds to already sizeable stake
12th Jul 2013 15:27
The Chairman of South America-focused oil and gas group President Petroleum has added to his already sizeable stake in the company with the stock trading at the year's lowest level. On Thursday, the same day the stock closed at a 52-week low of 15.38p, Peter Levine spent £527,000 buying 3.4m shares
Read morePresident Energy upbeat across operations
10th Jul 2013 13:57
President Energy said operations across its business were going well. The oil and gas company said its seismic survey in Paraguay was completed a month ahead of schedule. Results were encouraging and potential drilling targets had been identified, it added in a trading update. Assets in Louisiana
Read morePresident Energy unveils positive flow results from Argentinian concession
27th Jun 2013 09:28
Preliminary results from the first of three hydraulically stimulated wells at the Puesto Guardian concession are performing "ahead of expectation", international oil and gas exploration company President Energy reported. President Energy, which has a 50% working interest in the aforementioned Arge
Read moreFriday broker round-up
21st Jun 2013 08:34
Afren: Jefferies cuts target price from 155p to 140p and downgrades from buy to hold. Alpha Real Trust: Panmure Gordon shifts target price from 76p to 79p and retains a buy recommendation. Betfair Group: JP Morgan moves target price from 850p to 825p keeping a neutral rating. Borders & Southern P
Read morePresident Energy encouraged by Paraguayan results
14th Jun 2013 08:37
Oil and gas explorer President Energy has encountered 'very encouraging' survey results from one Paraguayan project as imminent production was confirmed at new wells in Argentina. Production was confirmed as remaining "solid" at the company's Louisiana wells in the US, well above 200 barrels of oi
Read moreMelrose director increases stake after positive update
9th May 2013 16:07
A round-up of the biggest director deals today so far Miles Templeman, Senior Non-Executive Director of Melrose Industries, the FTSE 100 industrial conglomerate, has added £152,400-worth of shares to his stake in the company one day after it reported revenue was one per cent ahead in the year-to-da
Read moreFraccing commences at President Energy's Puesto Guardian concession
15th Apr 2013 09:45
President Energy has reported that fraccing operations have commenced at its Puesto Guardian concession in Argentina. The company said that a work-over rig is now in location, having previously been delayed due to bad weather and upgrading. It said that work-over operations had started on a first
Read morePresident Energy reports high production at Louisiana fields
26th Mar 2013 09:03
AIM-listed oil and gas exploration company President Energy has reported strong production at its Louisiana operations. The company, which has operations in the US, Australia, Argentina and Paraguay, reported that production from its Louisiana fields had reached a three-year high of 250 barrels of
Read morePresident Energy completes seismic reprocessing in Argentina
6th Mar 2013 13:02
AIM-listed oil and gas exploration company President Energy has completed seismic reprocessing and interpretation at its operations in Argentina. The company, which is focused on South America, reported that significant undrilled highs were identified in proven field areas. At Pozo Escondido, mana
Read moreDiageo CEO continues to reduce stake
18th Feb 2013 16:31
The Chief Executive Officer of Diageo, the FTSE 100 drinks giant, has continued to reduce his stake in the company, this time selling 75,000 shares. Paul Walsh, who was appointed to the role of CEO in 2000, now holds 654,614 shares in the group. The shares were traded in at 1,935.00p a time, ear
Read moreBG Group Chairman nearly doubles stake
12th Feb 2013 16:48
The Chairman of BG Group, the FTSE 100 natural gas group, on Tuesday purchased 35,000 shares, nearly doubling his stake to 65,000. Andrew Gould, who took up the role last year, purchased the shares at 1,120.00p a time, costing a total of £392,000. One week ago the company posted a 29% drop in fo
Read morePresident Energy makes progress in Louisiana, Paraguay and Argentina
30th Jan 2013 09:22
President Energy identified 30 feet of net oil bearing pay at its A-54 well in Louisiana, an operations update revealed Wednesday. The well at President's East White Lake Field was drilled to a depth of 9,400 feet, cased and lined ready for completion. Production is expected to kick off in four wee
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