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President Energy PLC (AIM:PPC) | RNS | President Energy PLC - Trading Update and Investor Presentation

RNS Number: 8157 P President Energy PLC 22 February 2021 22 February 2021. President Energy, the energy company with a diverse portfolio of production...

Puesto-flores , Neuquear , Argentina , Louisiana , United-states , United-kingdom , Canada-grande , Buenos-aires , Paraguay , Rio-negro , Jujuy , Estancia-vieja

Investegate |President Energy PLC Announcements | President Energy PLC: Trading Update and Investor Presentation

Investor Presentation

President Energy (AIM: PPC), the energy company with a diverse portfolio of production and exploration assets currently focused primarily in South America announces an unaudited 2020 trading review and a 2021 outlook.

2020 Trading
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Turnover of approximately US$28 million, a reduction of 32% year on year driven primarily by average oil price realisations falling 33% to US$37 per barrel
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Average net Group production up 12% year on year to over 2,700 boepd
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December average net Group production of circa 3,300 boepd demonstrating the early impact of the new wells drilled in late Q4
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Over US$10 million of free cash generation from operations (after workovers) and treasury income

Puesto-flores , Neuquear , Argentina , Louisiana , United-states , United-kingdom , Canada-grande , Buenos-aires , Paraguay , Rio-negro , Jujuy , Estancia-vieja

Oil price, Chariot, Angus, President, Echo. And finally…

Chariot has signed a Collaboration Agreement with Subsea Integration Alliance to work together to enable the front-end design, engineering,...

Louisiana , United-states , New-zealand , Lixus , Tanger-teuan , Morocco , Saltfleetby , Lincolnshire , United-kingdom , Argentina , Canada-grande , Buenos-aires