- South America focused President Energy said its work programme for 2019 and 2020 at its fields in the Rio Negro province in Argentina would cost around $50m.

The spending was expected to be funded from existing cash flow without recourse to any additional finance or borrowings.

The programme involved multiple wells and the development of energy infrastructure.

The company said it was currently targeting 50% exit production growth on-year in each of 2019 and 2020.

It would provide updated guidance during the third quarter of 2019 as the work programme developed.

At 9:51am: [LON:PPC] President Energy Plc share price was +0.05p at 7.25p

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