Issue of Share Options

PRESIDENT PETROLEUM COMPANY PLC

("President" or "the Company")

30 September, 2011

Issue of Share Options

President Petroleum (AIM: PPC), the oil and gas exploration and production company announces the granting of a total of 600,000 share options at an exercise price of £0.33875 ("Options") to Ben Wilkinson, Finance Director. In addition to the Options, Ben holds 40,000 ordinary shares representing 0.03% of the issued share capital of the Company.

In accordance with best practice, the vesting conditions of the Options include challenging share price performance targets and a vesting period from the date of grant to 31 July 2014.

Ends

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President Petroleum (AIM: PPC), is an oil and gas exploration and production company with onshore producing and exploration assets in Argentina and Louisiana, USA and onshore exploration licences in South Australia.