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Argentina: President Energy announces Rio Negro drilling update 10 May 2021 Rio Negro Province, Argentina and an update as to the evolution of oil and gas prices in that country. Highlights New gas well EV-1002 drilled on time and budget with successful electric log results in line with expectations New gas well LB-1001 placed on production New gas well EV-1001 successfully completed and being tested with results projected after clean up to be in line with expectations Oil and gas prices significantly higher than last year EV-1002 This new gas well at the Estancia Vieja field has been successfully drilled, logged and cased on time and budget. The electric logs, reflecting the muds logs while drilling, show approx. 14m of net pay in the Vaca Muerta and Catriel formations subject to petro-physical analysis with good porosity of some 25%. An RFT logging suite (Repeat Formation Test) was also run and demonstrated original pressure in both Vaca Muerta and Catriel formations,

Vaca muertaSan juanProvincia de rio negroRio negroEstancia viejaPeter levinePresident energyRio negro provinceRepeat formation testசான் ஜுவான்மாகாணம் டி ரியோ நீக்ரோரியோ நீக்ரோஎஸ்டான்சியா வீஜாபீட்டர் லெவின்ப்ரெஸிடெஂட் ஆற்றல்ரியோ நீக்ரோ மாகாணம்