22nd Nov 2010 07:00
Monday 22 November 2010
PRESIDENT PETROLEUM COMPANY PLC
("President Petroleum" or "the Company")
Drilling Commences at Kafoury 3
President Petroleum confirms that the Kafoury 3 exploration well on its East Lake Verret field in Louisiana, USA, has been spudded and is drilling ahead.
President Petroleum (AIM: PPC) is an oil and gas exploration and production company with onshore producing and exploration assets in Louisiana, USA and onshore exploration licences in South Australia.
For further information contact:
President Petroleum Company | |
Stephen Gutteridge, Chairman | +44 (0) 207 811 0140 |
John Hamilton, Non-executive Director | +44 (0) 207 036 9369 |
Evolution Securities | +44 (0) 207 071 4300 |
Robert Collins, Tim Redfern, Adam James | |
|
|
RBS Hoare Govett | +44 (0) 207 678 8000 |
Stephen Bowler, John MacGowan, Max Jones |
|
Financial Dynamics | +44 (0) 207 831 3113 |
Ben Brewerton/Ed Westropp |
Ed Childers, the Company's Chief Operating Officer, and Dr Michael Cochran, the Company's Exploration Director, who meet the criteria of qualified persons under the AIM guidance note for mining and oil and gas companies, have reviewed and approved the technical information contained in this announcement.
- Ends -
Related Shares:
PPC.L