President Energy announces first sale of oil from Puesto Flores field
Tuesday, Oct 17, 2017
President Energy is pleased to announce that it has already banked the proceeds from its first delivery of oil from the Puesto Flores field, the acquisition of which, together with the neighbouring Estancia Vieja field, was announced on 21 September 2017.

The proceeds received of US$1.5 million represent the revenue from the first shipment of oil under President's operatorship of the Puesto Flores field.  The oil was transported by pipeline to the off-taker, an Argentine refiner and trader.

Peter Levine, Chairman and Chief Executive, commented:

'President Energy is focused on profits and positive cash flow.  This announcement reflects that focus and demonstrates that our newly acquired assets are, from the get-go, delivering solid cash flow'.

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