12th Sep 2018 14:28
LONDON (Alliance News) - President Energy PLC said Wednesday it made proposals to the Rio Negro Province for the granting of 10-year exploitation concessions for the Las Bases and Puesto Prado areas, in Argentina.
The upstream oil & gas company focused on Argentina said the proposals were made in connection with a public national and international tender process run by the Rio Negro Province.
The company considers the granting of the concession "likely" to happen in the fourth quarter of 2018.
President Energy shares were trading down 2.8% at 8.70 pence each.
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PPC.L