- 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 for the 30-day period (after taking into account tax credits and deducting payment of royalties but before opex).

"In addition, the Group continues to benefit from its newly expanded Louisiana production assets which in a usual month contribute over $200k of free cash even at the present, comparatively low, oil prices."

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