President Energy Q&A: Significant organic potential in their fields (LON:PPC)
11:20 am
President Energy plc (LON:PPC) Chief Executive Officer and Chairman Peter Levine caught up with DirectorsTalk for an exclusive interview to discuss their latest operation & production update, whether they’ll need to fundraise for drilling wells & more infrastructure, and an update on operations in Paraguay.
Q1: Peter, you made an announcement on the London Stock Exchange, can you just summarise what was said and what it means for President Energy?
A1: The announcement was to say that production had hit 4,000 boe from our various fields, that’s net group production and that means net to us after deducting the share of all minority interests that we have in certain of our fields.