- 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 the Rio Negro gas assets currently represented 19% of group reserves but only 3% of production.

At 4:23pm: [LON:PPC] President Energy Plc share price was -0.4p at 8.1p

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