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Argentina/Paraguay: President Energy announces operations and corporate update 26 May 2021 AIM-listed President Energy, the energy company with a diverse portfolio of production and exploration assets focused primarily in South America, has provided an update with regard to operational activities and corporate matters. Highlights New gas well EV-1002 successfully completed, tested at over 100,000 m3/d (3.53 MMsft/d or 580 bopd) with excellent pressure and now on stream with production from both new wells EV-1001 and EV-1002 building Aggregate current production from the new EV wells together with the new well LB-1002 is expected to be approx. in line with pre-drill projections at approximately 170,000 m3/d (6 MMscft/d or 1,000 bopd) being the equivalent of 6,000 MMBtu

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