President seeks to capitalise on price rises
The AIM-listed producer is looking to progress an exploration project and secure a farm-out
Latin America-focused UK independent President Energy is assessing plans to revisit a deep gas prospect at the Martinez del Tineo field in the Salta province in northwestern Argentina. The firm hopes to take advantage of significant infrastructure already in place from its five oil-producing fields in the area. The prospect is located in the Puesto Guardian concession, in which President holds a 100pc stake. It attempted a farm-out of the prospect as far back as 2016, citing unfavourable market conditions. In the intervening years, however, domestic gas prices have increased by 50pc, to nearly $4/mn Btu. The prospect has a target depth of 4,200m and is close to the Santa Barbara Mountains, w
Also in this section
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well
30 April 2024
While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind
29 April 2024
Although recent, firmer gas prices have blunted some price-sensitive demand, the overall growth outlook remains robust
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing