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Last 11.88 GBp
Change Today -0.125 / -1.04%
Volume 85.6K
PPC On Other Exchanges
As of 11:35 AM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).

president energy plc (PPC) Snapshot

11.25 GBp
Previous Close
12.00 GBp
Day High
11.88 GBp
Day Low
11.25 GBp
52 Week High
11/10/14 - 39.25 GBp
52 Week Low
04/2/15 - 10.50 GBp
Market Cap
Average Volume 10 Days
-0.0025 GBp
Shares Outstanding
Dividend Yield
Current Stock Chart for PRESIDENT ENERGY PLC (PPC)

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president energy plc (PPC) Details

President Energy PLC explores for, evaluates, and produces oil and gas properties in South America. The company holds a 11.8% working interest in the Pirity concession and a 3% working interest in the Demattei concession situated in Paraguay; and a 50% working interest in the CNO-8 Puesto Guardian license covering 622 square kilometers located in Salta Province, as well as 100% interests in Matorras and Ocultar licenses covering an area of 2,203 square kilometers situated in Argentina. It also holds interests in two producing oil and gas fields in Louisiana, the United States; and a 100% interests in two licenses in the Otway and Arrowie Basins in South Australia. The company was formerly known as President Petroleum Company PLC and changed its name to President Energy PLC in September 2012. President Energy PLC was incorporated in 2004 and is headquartered in London, the United Kingdom.

14 Employees
Last Reported Date: 05/16/14
Founded in 2004

president energy plc (PPC) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

president energy plc (PPC) Key Developments

President Energy Plc Appoints Rt. Hon. Alistair Burt MP as Non-Executive Director

President Energy Plc announced the appointment of Rt. Hon. Alistair Burt MP as Non-Executive Director with immediate effect. Alistair was until recently Minister for the Middle East at the Foreign Office. He has also served as Minister to North Africa, North America, and South Asia.

President Energy plc Announces Management Changes

President Energy Plc announced management changes to reflect the company's transition to a more operationally focused business in 2015 and the lower oil price environment. John Hamilton (CEO) and Dr. Richard Hubbard (COO), have offered to step down from the Board as of 15 January 2015. They will remain senior advisors to the company and will continue to be valuable resources to the growth of President. As a result, Peter Levine will become Executive Chairman and Chief Executive while Miles Biggins (Commercial Director) will assume the role of Chief Operating Officer, with Ben Wilkinson continuing as Finance Director. Dr. Michael Cochran (Non-Executive Director) will also be stepping down from the board effective 15 January 2015. President will continue to work with a focussed Board structure, and will concentrate its resources on senior operational staff in Latin America, where its core operations are located. In this regard President is announced the appointment of Carlos Morales as its Manager of the Argentine Operations, based in Salta. Carlos is a Senior Operations Geologist and Petroleum Engineer having been with YPF for 16 years including as the Geologist on President's Puesto Guardian fields and subsequently over 10 years with each of Halliburton and Baker Hughes.

President Energy plc Announces Hydrocarbons Present in the Santa Rosa Formation Proceeding to Testing

President Energy Plc announced the Lapacho x-1 well has reached TD at 4,543 m in the Santa Rosa Formation, the primary pre-drill target, with 418 m of the 600 m target interval drilled. Very encouraging hydrocarbon shows have been encountered throughout the gross formation thickness extending right to TD, with high background gas of up to 20% and trip gas of up to 48% (C1-C5 gas present). The full logging program was restricted due to difficult down hole conditions however from the logs obtained, Lapacho x-1 penetrated 54m of clean sandstones with individual sand bed thicknesses up to 10 m, most of which appear to be hydrocarbon bearing. Significant additional sandstone, some 30 m+, is expected in the undrilled target interval section below current TD, suggesting a total thickness of more than 80 m of Santa Rosa reservoir sandstone at this location. This outcome is in line with pre-drill estimates under which the well was targeting a discrete fault block trap containing gross mean prospective resources of 1 Tcf of gas (166 mmboe) and 30 mmbbls of condensate within a greater Lapacho area considered to potentially contain some 5 Tcf plus associated condensate. Consistent with valuation parameters published for the RPS audit report from January 2014, management value Lapacho resources at approximately USD 12 per boe for natural gas and USD 25 per barrel for liquids. The rig is now progressing to open hole well testing operations and a multi-rate test is planned to commence in the next few days to determine fluid type, flow rates, pressures and permeability. Upon completion of the Santa Rosa test, the separate, shallow discovery in the upper Icla formation will be tested. An update with the initial results of the first test is planned in approximately 10 days. President's 2014 drilling campaign has drilled two wells which have demonstrated the presence of a new Paleozoic hydrocarbon province in the Pirity Basin of the Paraguayan Chaco. President operates the entire prospective area comprising 34,000 km2 spread across three Concessions (Pirity, Demattei and Hernandarias). Some 32 large Paleozoic structures and leads have been identified to date, and management estimates the Paraguayan Chaco hydrocarbon province could contain between one and four billion barrels of gross un-risked recoverable resources on an oil equivalent basis.


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