StockMarketWire.com - 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 second in the three-well programme and was expected to take some 21 days to drill to target depth.

Subject to success, it would then be completed, which was projected to take a further 10 days.




Story provided by StockMarketWire.com