- 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 aggregate proven reserves stayed at 14.7m barrels of oil equivalent, of which the Neuquén Basin reserves now comprised over 30%, up from 20% previously.

Neuquén Basin proven reserves had increased by over 30% to 4.5m boe, the company said.

At 8:20am: [LON:PPC] President Energy Plc share price was +0.1p at 9.75p

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