3rd Sep 2020 14:39
President Energy PLC - independent oil and gas company focusing on Latin America - Says the first well workover at its Rio Negro fields in Argentina has been completed 10% ahead of budget and should be on line by end September. Notes "excellent" preliminary gas flow and pressure tests at the well, with the equivalent of 1,050 barrels of oil per day. Says well now shut and workover rig will be moved to the next well. Expects five days of further testing. Chair Peter Levine said: "It is important however to bear in mind that we have the two well drilling programme to come as well as progressing the workover programme, as announced, with drilling on track to commence by the end of this month."
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By Greg Roxburgh; [email protected]
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