London-listed President Energy struck a US$9.9 million deal to acquire an operated 90% WI in two concessions in Argentina from Rio Negro province. The Las Bases and Puesto Prado concessions each have a 10-year renewable term. EDHIPSA, the provincial energy company, will hold the remaining 10% WI. Las Bases and Puesto Prado hold estimated PDP reserves of 1 MMbbl that President believes can be expanded by YE19 to 4 MMbbl of 2P reserves. In......
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