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President Enrgy Regulatory News. Live PPC RNS. Regulatory News Articles for President Energy Plc Ord 1P


Paraguay update
 
President Energy (AIM: PPC), the energy company with a diverse portfolio of production and exploration assets focused primarily in Argentina announces an update on developments in Rio Negro.
 
Highlights
• New treatment plant to be built in Rio Negro with a projected completion of August 2021
• Will eliminate third party treatment costs with total savings estimated at US$2.5 million per year
• $5 million aggregate cost of project funded by favourable new Peso based medium term loan provided by Banco Hipotecario
• Of the US$3.7 million bank loan outstanding at the half year, US$2.2 million has already been repaid
• Paraguay farm out negotiations materially advanced ....

United States , United Kingdom , Puesto Flores , Rio Negro , Villa Hayes , Estancia Vieja , City Of , Nikita Levine , Peter Levine , Christopher Raggett , Banco Hipotecario , Charlie Beeson , Puesto Prado , Antonio Bossi , London Stock Exchange , National Oil Company , Estancia Vieja Concession , Argentine Government , Pirity Concession , Nominated Advisor , Corporate Broker , Las Bases Concessions , Rio Negro Province , Puesto Guardian Concession , Noroeste Basin , President Energy ,

President Energy to build treatment plant; advances potential Paraguay deal | 22 December 2020


22 December 2020 | 07:48am
StockMarketWire.com - Argentina-focused oil company President Energy said it expected to complete a $5 million treatment plant next year that would eliminate third-party treatment costs.
The company said the plant, to be built in Rio Negro province, was expected to be up in August and save it about $2.5 million per year.
Construction of the project would funded by a favourable peso-based medium term loan provided by Banco Hipotecario.
President Energy also announced that negotiations for a stake sale of its assets in Paraguay with a reputable national oil company were materially advanced .
The next step in talks would be to negotiate and agree on legal documentation, with drafts already in circulation. ....

Rio Negro , Villa Hayes , Banco Hipotecario , President Energy , ரியோ நீக்ரோ , வில்லா வைக்கோல் , ப்ரெஸிடெஂட் ஆற்றல் ,