- President Energy said it was ready to flow gas to the Argentinian market through a pipeline from its Estancia Vieja and Las Bases fields.

The gas would be delivered through the company's own 60 kilometre pipeline from Monday.

The volume was currently restricted by a bottleneck in a 16 kilometre stretch of pipeline between Estancia Vieja and Las Bases due to it being a three-inceh flexible temporary plastic pipe.

Work to build the new six-ince steel 16 kilometre pipeline to replace the temporary plastic section would commence next week and was expected to be completed in January.

'When finished, the bottleneck will then be removed, gas deliveries will be ramped up and the full potential of Estancia Vieja's gas unlocked as more wells will be opened up on a stage by stage basis,' President Energy said.

At 8:23am: [LON:PPC] President Energy Plc share price was +0.25p at 4.25p

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