News Results for President Energy (PPC)

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...

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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...

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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...

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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

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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...

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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...

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

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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Peter Levine, Chairman, bought 300,000 shares in the company on the 25th July 2016 at a price of 9.50p. The Director now holds 122,788,336 shares. Story provided by StockMarketWire.com Director...

Peter Levine, Chairman, bought 150,000 shares in the company on the 15th July 2016 at a price of 7.88p. The Director now holds 122,488,336 shares. Story provided by StockMarketWire.com Director...

Nighthawk Energy's (LON:HAWK) production continues to remain strong which, it says, is due to continued enhanced recovery projects implemented in the field and better than expected recoveries due...

President Energy has confirmed that all resolutions proposed at its annual general meeting today were passed. At 3:16pm: (LON:PPC) President Energy Plc share price was +0.01p at 7.01p Story...

President Energy (PPC) engaged drilling contractors for a 2016 three horizontal well programmes due to commence by end of July. HIGHLIGHTS - Objective of the drilling campaign is to increase...

PetroNeft Resources (LON:PTR) was one of the sector's biggest risers after it revealed two very good well results at South Arbuzovskoye, boosting production and revenues, said CEO Dennis Francis....

Circle Oil (LON:COP) was the sector's biggest riser after it confirmed that International Finance Corporation has agreed to extend the suspension of the December 2015 redetermination and any...

President Energy has swung to a FY pretax loss of USD18.7m, from a profit of USD14.3m. Revenue was USD10.1m, from USD12.6m. It described the period as challenging. The comparative period was...

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Peel Hunt today reaffirms its buy investment rating on President Energy Plc (LON:PPC) and raised its price target to 18p (from 14p). Story provided by StockMarketWire.com

Falkland Islands Holdings' (LON:FKL) shares fell after it warned that underlying pre-tax profits for the year ended 31 March will be 10-15% down on last time at around GBP3.0-3.2m. This is...

President Energy said the four well workover programme in Argentina has been completed at a cost of below USD400,000, funded out of Argentine operating cash flow. "This amount is less than a...

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Peel Hunt today reaffirms its buy investment rating on President Energy Plc (LON:PPC) and cut its price target to 14p (from 18p). Story provided by StockMarketWire.com

Ascent Resources' (LON:AST) shares soared after Cadogan Petroleum (LON:CAD) confirmed it has made a highly preliminary approach regarding a possible combination with Ascent. Cadogan says there can...

President Energy has confirmed that the four well workover programme has begun. The workovers are on currently producing wells being three at the Puesto Guardian field and one at Dos Puntitas. The...

President Energy said its four-well workover programme has begun. The workovers are on producing wells; three at the Puesto Guardian field and one at Dos Puntitas. The Company should be able to...

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PetroNeft's (LON:PTR) shares were up in late trading after it confirmed that the legal documentation for the first tranche of the proposed US$35m financing for Licence 61 to be provided by Oil...

President Energy said current trading is in line with management expectations, with both Argentina and Louisiana performing profitably. HIGHLIGHTS: · Contract signed for new workovers in...

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Peter Levine, Chairman, bought 4,000,000 shares in the company on the 1st March 2016 at a price of 5.00p. The Director now holds 121,834,586 shares. Story provided by StockMarketWire.com...

Petroceltic International's (LON:PCI) shares jumped after Worldview announced that it is in the process of evaluating and preparing for a possible, all cash, offer for the company. This would...

President Energy now estimates the Pirity and Hernandarias Concessions hold some 3Tcf and 440MMbbls (equivalent to 940 MMboe) of gross mean Prospective Resources in six identified main structures....

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Circle Oil's (LON:COP) shares slumped after it announced it is considering options including a debt restructuring and/or an equity raise to right-size the balance sheet and ensure the company has...

President Energy, the oil and gas exploration and production company with assets in Argentina and Paraguay, gives the following updates on operational and corporate matters. Argentina Update: ·...

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Westmount Energy (LON:WTE) was the sector's biggest faller in late trading after full-year pre-tax losses rose to £0.22m, up from £0.2m. Administrative expenses were primarily behind the loss,...

Peter Levine, Chairman, bought 136,389 shares in the company on the 18th November 2015 at a price of 6.90p. The Director now holds 117,834,586 shares. Story provided by StockMarketWire.com...

Peter Levine, Chairman, bought 140,000 shares in the company on the 16th November 2015 at a price of 6.50p. The Director now holds 117,698,197 shares. Story provided by StockMarketWire.com...

Africa-focused oil and gas explorer Bowleven's (LON:BLVN) shares fell in late trading after reporting a loss of $90.0m for the year to the end of June - up from $13.6m last time. The loss included...

Nighthawk Energy (LON:HAWK) was the sector's biggest riser in late trading following an update on its borrowing base and hedging. The company said it closed the quarterly borrowing base...

President Energy announces a proposed restructuring of its existing unsecured loan facility with IYA Global Limited and also an up to USD5.0m proposed non-brokered equity subscription. The Loan...

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SeaEnergy's (LON:SEA) shares were up by more than 26% in late trading. The board noted the recent movement in the share price and confirmed that it was not aware of any reason that would lead to...

President Energy announces significant new Prospective Resources from the completion of the processing and interpretation of the newly acquired seismic data over the largest prospect in the...

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President Energy's (LON:PPC) shares rose after it had now completed its acquisition of the remaining 36% interest in the Pirity Concession held by Pirity Hidrocarburos, a subsidiary of...

President Energy has now completed its acquisition of the remaining 36% interest in the Pirity Concession held by Pirity Hidrocarburos, a subsidiary of Petro-Victory Energy. At...

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President Energy (PPC) announces a significant increase in Reserves on its 100%-owned and operated Puesto Guardian Area, with the issue of a new independent statement of Crude Oil Reserves. The...

President Energy announces a significant increase in Reserves on its 100%-owned and operated Puesto Guardian Area, with the issue of a new independent statement of Crude Oil Reserves. The...

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LGO Energy's (LON:LGO) shares fell despite revenues more than doubling to £6,610,000 in the six months to the end of June, up from £3,230,000 last time. Oil sales in the period totalled 208,209...