29th Jul 2022 06:57
President Energy PLC - Leeds-based oil & gas company focused on Latin America - Opens three new wells at the Puesto Guardian Concession, Salta Province, Argentina, which are each producing in the range of 125 to 185 barrels of oil per day. Adds that oil prices continue to climb, with oil prices in its Neuquen Basin area at around USD67 per barrel. The price of its export cargo sold in July was USD105.8 per barrel. "Being a US dollar based business insulates President to a material degree from the high inflation unfortunately suffered in Argentina at present," the company adds. Read More