President Energy
2020 W Pinhook, Ste 201 , Lafayette, Louisiana, United States

President Energy is an independent oil and gas company focusing primarily on high margin production opportunities in Latin America.President’s strategy is to build a primarily South American focused oil and gas production business, targeting reserve and production growth. In addition, we have a cash generative production business in Louisiana, USA.  The Company has oil and gas production in two geographical markets: the United States and Argentina, as well as exploration assets in both countries and Paraguay.  In Paraguay, it has interest in the Pirity Block and the Hernandarias Block. The Company has operated interests in Puesto Flores, Estancia Vieja, Puesto Prado and Las Bases Concessions as well as exploration assets in Angostura which are all situated in the Rio Negro Province in the Neuquén Basin of Argentina and in the Puesto Guardian Concession, in the Noroeste Basin in NW Argentina. It has interests in producing oil and gas fields in Louisiana, as operator of both the East Lake Verret field and Jefferson Island fields.

OPERATIONS

The portfolio consists of a balance of high margin production primarily in Argentina with additional production in Louisiana. In addition, we have further significant exploration and development opportunities through our acreage in Paraguay and Argentina.President Energy’s third-largest shareholder is the IFC, part of the World Bank Group and it is actively pursuing value accretive acquisitions of high-quality production and development assets in Argentina capable of delivering positive cash flows and shareholder returns.  With a strong institutional base of support and an in-country management team, President Energy gives UK investors rare access to the Argentinian growth story combined with world-class standards of corporate governance, environmental and social responsibility.  We are listed on the AIM market in London (ticker: PPC) and have offices in Argentina, Paraguay, and the UK.

OVERVIEW

The Company has 2018 year end exit production in excess of 3,300 boepd and independently assessed 1P reserves in excess of 16 MMboe and 2P reserves of more than 25.6 MMboe.  The Company has operated interests in the Puesto Flores / Estancia Vieja, Puesto Prado / Las Bases and Angostura Concessions, Rio Negro Province, in the Neuquén Basin of Argentina and in the Puesto Guardian Concession, in the Noroeste Basin in NW Argentina. The Company is focused on growing production in the near term in Argentina.  Alongside this, President Energy has cash generative production assets in Louisiana, USA, exploration assets in Jefferson Island and further significant exploration and development opportunities through its acreage in Paraguay and Argentina.  The Company is actively pursuing value accretive acquisitions of high-quality production and development assets in Argentina capable of delivering positive cash flows and shareholder returns.  With a strong institutional base of support (including the IFC, part of the World Bank group) and an in-country management team, President Energy gives UK investors rare access to the Argentinian growth story combined with world-class standards of corporate governance, environmental and social responsibility.

OPERATIONS

The portfolio consists of a balance of high margin production primarily in Argentina with additional production in Louisiana. In addition, we have further significant exploration and development opportunities through our acreage in Paraguay and Argentina.

• According to the BP Statistical Review of World Energy, the production at end 2017 were 593,000 bpd oil and 3.6 Bcf / d gas and the proved reserves at end 2017 were 2.2 bln bbl oil and 11.6 tcf gas. Furthermore, recently published Government Energy Plan states objectives being to, within 5 years achieve 1 mln bpd oil production and 9 bcf / d gas
• Paraguay currently has no proven oil or gas reserves and no production. The imports of oil amount to some 28,000 bpd.
• According to the EIA, average oil production from Louisiana in 2017 was around 143,000 bpd.