News Results for President Energy (PPC)

South America focused President Energy said its work programme for 2019 and 2020 at its fields in the Rio Negro province in Argentina would cost around $50m. The spending was expected to be funded...

Peter Levine, Chairman, bought 6,250,000 shares in the company on the 11th March 2019 at a price of 8.00p. The Director now holds 290,654,547 shares. NOTE: Offer for Subscription Story provided...

Robert Shepherd, Financial Director, bought 453,250 shares in the company on the 11th March 2019 at a price of 8.00p. The Director now holds 1,062,394 shares. NOTE: Offer for Subscription Story...

President Energy launched a share issue to raise up to £6.5m to accelerate the development of its Rio Negro gas assets in Argentina. New shares in the company would be issued at 8p each....

President Energy said it had increased the estimated size of its proven oil and gas reserves in Argentina by 6%. Proven, or 1P, reserves in the Latin American country now amounted to 15.4m barrels...

finnCap today reaffirms its corporate investment rating on President Energy Plc (LON:PPC) and raised its price target to 19p (from 18p). Story provided by StockMarketWire.com Broker Forecasts...

Argentina-focused President Energy said it had exceeded its annual oil and gas production targets in calendar 2018. Output for the year through December amounted to 3,300 barrels of oil equivalent...

President Energy said it had discovered oil at the third and final well of a drilling campaign at its Puesto Flores concession in Rio Negro province of Argentina. The PF0 1005 well encountered 18...

President Energy said oil had successfully flowed during testing operations from the second well at its prospects at Rio Negro province in Argentina. The so-called PFE 1001 well tested at 400...

President Energy said it had started drilling the last well in a three-well campaign at the Puesto Flores and Estancia Vieja concession in Rio Negro Province, Argentina. The PFO 1005 development...

President Energy said a new well at its Puesto Flores and Estancia Vieja concession in Argentina had flowed at better-than-expected rates. The PFO 1001 well had been successfully completed and...

Argentina-focused oil and gas producer President Energy posted an 82% rise in third quarter underlying operating profit, compared to the second quarter. For the three months through September,...

President Energy said a new development well had started being drilled at its Puesto Flores and Estancia Vieja concession in Rio Negro Province, Argentina. The PFE 1001 development well was the...

President Energy said a new oil and gas well in its Puesto Flores and Estancia Vieja prospect in Rio Negro province, Argentina had produced results to date an the upper end of expectations. The...

President Energy said it had acquired and signed a lease with Louisiana authorities for a 693-acre production block known as Jefferson Island. The bonus paid to the Louisiana state for the lease...

President Energy narrowed its losses in the first half as higher production boosted revenue. Pre-tax losses for the six months through June amounted to $427k, improving from a loss of $4.6m...

President Energy said it had started drilling the first of three new wells at the Puesto Flores prospect in Rio Negro province, Argentina. All three wells, including the first, called PFO 1001,...

President Energy confirmed media speculation that it had asked Rio Negro province in Argentina for 10-year exploitation concessions over each of the Las Bases and Puesto Prado areas. Subject to a...

President Energy said its was continuing to produce around 2,000 barrels of oil per day from its Puesto Flores and stancia Vieja assets in Argentina. Planning was continuing for a three...

Alexander Moody-Stuart, Non Executive Director, bought 100,000 shares in the company on the 28th June 2018 at a price of 9.38p. The Director now holds 100,000 shares. Story provided by...

Robert Shepherd, Financial Director, bought 300,000 shares in the company on the 20th June 2018 at a price of 9.60p. The Director now holds 609,144 shares. Story provided by StockMarketWire.com...

Argentina-focused oil company President Energy said its annual losses narrowed, though to a still relatively-steep $13.2m as administrative expenses rose. The loss compared to $20.4m of red ink in...

Peel Hunt today reaffirms its buy investment rating on President Energy Plc (LON:PPC) and raised its price target to 13.50p (from 13p). Story provided by StockMarketWire.com Broker Forecasts data...

Peel Hunt today reaffirms its buy investment rating on President Energy Plc (LON:PPC) and cut its price target to 12.50p (from 13p). Story provided by StockMarketWire.com Broker Forecasts data...

President Energy provided an update in relation to its Neuquen Basin assets in Rio Negro Province, Argentina. A seven-well workover programme at Puesto Flores already commenced comprising six...

President Energy said it would conduct more drilling at its Puesto Flores and Estancia Vieja concession in Rio Negro province, Argentina after gleaning promising results from previous wells. A...

President Energy said it had decided to reactivate the Estancia Vieja field in Argentina following a series of tests. Three test wells were carried out, with two producing median rates of around...

Peel Hunt today upgrades its investment rating on President Energy Plc (LON:PPC) to buy (from add) and raised its price target to 13p (from 11p). Story provided by StockMarketWire.com Broker...

President Energy said its proven oil and gas reserves estimates in Argentina had remained steady, though there was an increase in reserves at its higher-value Neuquén Basin prospect. Argentine...

President Energy said it had put in place plans to obtain a secondary listing in Argentina. The listing, on the Bolsa de Comercio de Buenos Aires, was expected to take place towards the end of the...

President Energy, the upstream oil and gas company focused primarily on Argentina, has recorded record results in January with each concession making good returns and contributing profits. The...

Peel Hunt today downgrades its investment rating on President Energy Plc (LON:PPC) to add (from buy) and set its price target at 11p. Story provided by StockMarketWire.com Broker Forecasts data...

Peel Hunt today reaffirms its buy investment rating on President Energy Plc (LON:PPC) and raised its price target to 12p (from 11p). Story provided by StockMarketWire.com

President Energy has sold its non-operated interest in the East White Lake field in Louisiana to Alpha Imperial for $525,000. The sale would reduce debt and provide more resources to develop the...

President Energy said it had completed the work-over of two wells in Argentina under budget, helping to increase the associated field's production levels. Two wells at the Puesto Flores field in...

President Energy said the Rio Negro provincial legislature has approved a 10-year extension agreement for the Puesto Flores and Estancia Vieja concession in Argentina. President said it looked...

President Energy said its Argentinian subsidiary has agreed to its first commercial bank lending arrangements, through BACS Banco de Credito y Securitizacion S.A and Banco Hipotecario. The $8m...

finnCap today reaffirms its corporate investment rating on President Energy Plc (LON:PPC) and cut its price target to 19p (from 21p). Story provided by StockMarketWire.com

President Energy has confirmed that all resolutions were passed by shareholders at today's General Meeting. At 2:09pm: (LON:PPC) President Energy Plc share price was -0.13p at 10.25p Story...

President Energy, the upstream oil and gas company, is expected to receive over US$3 million net cash proceeds from its Argentine oil sales in November. The fully funded workover programme at the...

President Energy has upgraded the prospective resource at its Puesto Guardian Concession, Matorras and Ocultar licenses in South America. The company said gas and condensate prospects amounted to...

President Energy confirmed it has issued 66,656,510 new ordinary shares at 10p apiece, raising gross proceeds of £6.67m. At 1:34pm: (LON:PPC) President Energy Plc share price was -1.63p at...

President Energy said that it intends to raise approximately $8m, or about £6.1m through a placement offer to advance its oil and gas interests in Argentina. The company also intends to raise up...

President Energy said it has banked proceeds from the first delivery of oil from the recently-acquired Puesto Flores field in Argentina. The $1.5m proceeds represent the revenue from the first...

Peel Hunt today reaffirms its buy investment rating on President Energy Plc (LON:PPC) and raised its price target to 11p (from 10p). Story provided by StockMarketWire.com

President Energy, an upstream oil and gas company, has bought Chevron's 100% operated interest in its oil producing assets at Puesto Flores and Estancia Vieja in the Rio Negro Province, Argentina....

finnCap today initiates coverage of President Energy Plc (LON:PPC) with a corporate investment rating and price target of 21p. Story provided by StockMarketWire.com

Story provided by StockMarketWire.com

President Energy provided an update on its continued work-over programme at its Puesto Guardian Concession, Argentina together with an update on group production. WORKOVER PRODUCTION Since the...

President Energy provided an update on its continued work-over programme at its Puesto Guardian concession, Argentina. Since the last workover update on 14 June 2017, President completed work on...

President Energy said June proved to be a record month for oil sales from operations in the Puesto Guardian Concession, Argentina. It generated invoiced revenue for President of more than $1.2m...

Story provided by StockMarketWire.com

President Energy said it had achieved success since commencing the slated programme of work on old shut-in wells following on from the two successful workovers of producing wells earlier in the...

Story provided by StockMarketWire.com

President Energy has appointed specialist global oil and gas adviser ENVOI to support the prospective farm-outs of its Paraguay interests, and has also provided an updated management estimate of...

Story provided by StockMarketWire.com

Peel Hunt today reaffirms its buy investment rating on President Energy Plc (LON:PPC) and cut its price target to 10p (from 12p). Story provided by StockMarketWire.com

President Energy has appointed Bruce Martin to the post of CFO. Story provided by StockMarketWire.com

Story provided by StockMarketWire.com

President Energy has lifted its FY group production and posted a wider pretax loss for the 12-month period. Group production increased 3% to 506 boepd, from 490 boepd in 2015. It had since...

Story provided by StockMarketWire.com

President Energy is pursuing claims against two service providers for what it assesses are loss and damages of $10m in total, in relation to what it alleges as their actions/omissions in relation...

Story provided by StockMarketWire.com

President Energy announced the acquisition of incremental production in Louisiana. HIGHLIGHTS: - Acquisition of incremental production currently running at 150 boepd together with operatorship in...

Story provided by StockMarketWire.com

Story provided by StockMarketWire.com

Story provided by StockMarketWire.com

President Energy has issued an update on its Argentina operations, the highlights of which are: - Successful first workover of previously producing well, DP12, completed on time and budget - Well...

Story provided by StockMarketWire.com

Story provided by StockMarketWire.com

Pantheon Resources (LON:PANR) has successfully concluded the sidetrack of the VOBM#2H well and encountered promising log responses. The well was drilled to a total measured depth of about 16,450...

President Energy (LON:PPC) has now entered into a contract for a workover rig in relation to the forthcoming multi-well workover campaign, the plans for which were announced at the time of the...

President Energy has now entered into a contract for a workover rig in relation to the forthcoming multi-well workover campaign, the plans for which were announced at the time of the recent placing...

Story provided by StockMarketWire.com

Peel Hunt today reaffirms its buy investment rating on President Energy Plc (LON:PPC) and cut its price target to 12p (from 17p). Story provided by StockMarketWire.com

Northern Petroleum (LON:NOP) has agreed to divest interests in its assets to High Power Petroleum LLC (H2P), for $2.5m cash and the application of $0.25m of well stimulation services by Blue Spark...

President Energy has signed the conditional subscription agreement with the International Finance Corporation (IFC), a member of the World Bank, for an investment of about $2.8m. The IFC...

Story provided by StockMarketWire.com

President Energy (LON:PPC) confirms that under existing arrangements it expects to receive approximately $55 a barrel for its production until the end of the year in Argentina. The company was...

President Energy confirms that under existing arrangements it expects to receive approximately $55 a barrel for its production until the end of the year in Argentina. The company was commenting on...

Story provided by StockMarketWire.com

President Energy (LON:PPC) has raised $17.2 million, before expenses, through a placing of 267,673,118 shares with institutional and other investors at 6p apiece. President expects to raise a...

President Energy has raised $17.2 million, before expenses, through a placing of 267,673,118 shares with institutional and other investors at 6p apiece. President expects to raise a further...

Story provided by StockMarketWire.com

Story provided by StockMarketWire.com

Oilex (LON:OEX) was the sector's biggest riser in late trading after it executed an agreement with its JV partner, Gujarat State Petroleum Corporation Ltd (GSPC), in the Cambay Field Production...

President Energy (LON:PPC) was the sector's biggest faller after it was forced to temporarily suspend well DP1002 S/T so that the Drilling Rig can be mobilised to the company's neighbour for...

London stocks were an ace higher in early deals, weighed by a string of ex-dividend issues, after gains on Wall St and in Asia overnight. Brexit, sterling's weakness and the FTSE's recent vault...

President Energy has been forced to temporarily suspend well DP1002 S/T so that the Drilling Rig can be mobilised to the company's neighbour for drilling their well. This was due to the...

Story provided by StockMarketWire.com

Peel Hunt today reaffirms its buy investment rating on President Energy Plc (LON:PPC) and cut its price target to 17p (from 18p). Story provided by StockMarketWire.com

President Energy has provided an update on its Argentine and Louisiana operations. WELL DP 1002 S/T, ARGENTINA "The well remains on target to reach full production around the end of the first...

Story provided by StockMarketWire.com

Xcite Energy (LON:XEL) was the sector's biggest faller - down by more than 67.6% in late trading - after it issued an update on the restructuring of its $135 million senior secured bonds issued by...

Gulf Keystone Petroleum (LON:GKP) has launched a scheme of arrangement in respect of holders of its guaranteed notes and convertible bonds in connection with the balance sheet restructuring...

President Energy has updated on its operations in Argentina and Louisiana. ARGENTINA: - Drilling operations ongoing at DP1002 S/T Puesto Guardian Concession, Argentina - Subject to successful...

Story provided by StockMarketWire.com

Providence Resources' (LON:PVR) shares were down in late trading after it provided an update on frontier exploration licence (FEL) 3/04, which lies in about 1500m water depth in the southern...

President Energy has issued an update on its Argentine and Louisianan operations. Of the Dos Puntitas Field on the Puesto Guardian Concession in Argentina, President said drilling of the DP1002...