- Argentina-focused President Energy said it was on track to notch around $20.0m of annual operating earnings, with 'an increasingly better second half in prospect'.

Last year, the company posted adjusted Ebitda of $16.7m.

President Energy said its sales in the first half were expected to grow 7% to $23.5m, notwithstanding lower average sales prices on-year.

Output amounted 2,5000 barrels of oil equivalent per day, up 8% on the 2018 full-year average, even after previously reported operational outages.

'With an increasingly better second half in prospect over the latter part of the first half, President is on track for a projected group adjusted Ebitda for the full year of some $20m,' the company said.

At 9:30am: [LON:PPC] President Energy Plc share price was +0.15p at 6.7p

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