22nd Dec 2020 14:12
President Energy PLC - oil and gas company focusing on Latin America - Says new treatment plant at Rio Negro, Argentina will save USD2.5 million a year thanks to cut in third party treatment costs. Plant set for completion in August next year. Says USD5 million of project costs funded by new medium term loan. Says negotiations for Pirity concession, Paraguay farm-out have "materially advanced".
Current stock price: 1.63 pence, up 5.0% on Tuesday
Year-to-date change: down 46%
By Eric Cunha; [email protected]
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