www.presidentpc.com

Producing Oil/nat gas from the ELV field/USA....45% of Oil/Gas produced hedged at $100/bbl and $10.90 per mcf)




Drilling ELV.....Suspended until gain consent for sidetrack...casing and wellhead left in for future re entry

3D Seismics have been shot on PEL82 Otway Basin Australia....results are excellant!
PEL 82 Potential resource increased from 150mbbls Oil tooooooo 430mbbls Oil!



Also trading on Plusmarkets
http://www.plusmarketsgroup.com/data.shtml?ISIN=GB00B3DDP128/GBX/PLUS-exn

Back in this morning, had a little difficulty getting my order filled.

Not any sellers around sub 28p

Edison Report on President Energy

I expected a larger pull back and nearly got caught out.
SP points to 36p

£5 per share unrisked Is that realistic?

RNS due before end of year, giving production update and expectations from seismic surveys. Share liquidity has improved in the last couple of weeks, I guess by design.

link
President Energy PLC forms bullish "Bottom Triangle" chart pattern
Jan 13, 2014

Recognia has detected a "Bottom Triangle" chart pattern formed on President Energy PLC (PPC:LSE). This bullish signal indicates that the stock price may rise from the close of 38.85 to the range of 55.00 - 60.00. The pattern formed over 88 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

Tells Me: The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. A Bottom Triangle shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks above the upper trendline with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend.

This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.

PPC set to release seismic data and CPR news before end of Jan

PPC are good with RNS, so news flow should keep coming while we wait for drill results."Over 20 leads and prospects yet to be evaluated"

..

sp down 26% @ 34p after share placing news, not a good day.

Good deal, 50 million order booked filled in a day, that should tell us something. It's a capital intensive business and now the Financing risk OFF the table. we took 22% dilution to be in a stronger position. I'm happy

Zengas view from II Post book-build. Now that the oversusbcribed bookbuilding is out of the way, time to take stock.First of all i can see the unrisked and risked valuation targets growing to circa $20b and $5b respectively in my opinion and below i've tried to explain why.The $11.7b unrisked and $2.4b risked relates only for the Jacaranda, Jurumi and Yacare Prospects. There is more to come from the initial Jurumi Complex and Yacare Prospect figures.-----------"Jurumi Complex President believes that upon completion of ongoing seismic interpretation studies, *** further significant Prospective Resources within the Jurumi Complex will be identified and results will be announced separately**** as part of the broader audit on President's other prospects and leads.Yacare Prospect, Los Naranjos Seismic shows this as a four way dip closure with Prospective Resources contained in the Cretaceous Lecho sand and the expected hydrocarbon phase is oil. ***Seismic pre stack depth migration (PSDM) is ongoing and prospect size cannot be reliably estimated until this work is complete****."--------------Over 20 leads and prospects yet to be evaluated.The new flank in Pirity (1,2,3 & 4 prospect) appear even much larger than anything evaluated to date.In Hernandarias, 5 leads (3 of them appear massive) with a trend to the 1-2 billion boe+ fields on the Bolivian side. All can be seen on page 6 of the very latest presentation !We've raised $50m and may have a further $6m+ from those that want to take up their offer rights and see a maximum of 406m shares. The $11.7b unrisked and $2.4b risked vluation targets(£1/$1.65) therefore implies a share value range of between £3.58 - £17.46.However in light of looking at the size and number of the additional prospects yet to be evaluated plus the new prospects and leads including where PPC have already spent $1.6m in Hernandarias, i believe the unrisked may well rise to circa $20b and the risked to circa $5b - this would take the value target range to £7.46 - £29.85.Imo i beleive there's massive headroom to make money on a partial or risked basis success case and even consider future farm-outs if need be from the current 35p. The placing has not dimisnished the potential returns relative to the magnitude of the opportunity that has and is still emerging.We are also a producer both in Argentina and the USA which regardless of size is still a bonus and can grow internally at it's own pace and the last update provided for a reserves addition which should take those assets to around 8 mmboe.

President Energy PLC (LON:PPC) had its price target upped by Canaccord Genuity from GBX 50 ($0.83) to GBX 51 ($0.85) in a research note issued to investors on Tuesday, American Banking and Market News reports. The firm currently has a buy rating on the stock.

Canaccord Genuity has also taken action a number of other stocks recently. The firm lowered its price target on shares of Aixtron AG from $8.00 to $7.00. Also, Canaccord Genuity raised its price target on shares of Barrick Gold Co. from C$17.50 to C$20.50. They have a sell rating on that stock. Finally, Canaccord Genuity upgraded shares of Kinross Gold Corp from a hold rating to a buy rating.

Shares of President Energy PLC (LON:PPC) opened at 33.00 on Tuesday. President Energy PLC has a 1-year low of GBX 11.187 and a 1-year high of GBX 40.00. The stock has a 50-day moving average of GBX 0. and a 200-day moving average of GBX 0..

President Energy PLC, formerly President Petroleum Company PLC, is engaged in are the exploration for and the evaluation and production of oil and gas.

Shares Magazine and Redmayne-Bentley Investor Evening - Leeds - Wednesday 12th March 2014


The Shares Magazine 'Mining and Resources Leeds Investor Evenings' in conjunction with Redmayne-Bentley have now become firmly established in investors diaries, so we are proud to offer you another chance to meet, hear from and ask questions of key senior management figures from carefully selected companies in the mining, oil and gas sector.

This event offers an unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also to put your questions to the people that matter. What is more, there is a free drinks and canapés reception where you can mingle with industry leaders and your fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people who make the market.

The evening conference is tailor-made for private investors and professionals who already have exposure to mining and resources stocks, or anyone who is considering putting money to work in these exciting and dynamic industries.

Tickets are completely free but places are strictly limited so register now.


Date: Wednesday 12th March 2014

Venue: Redmayne-Bentley, 9 Bond Court, Leeds LS1 2JZ

Registration: 6.00pm

Presentations: 6.30pm followed by a drinks/canapés reception

REGISTER NOW FOR LEEDS EVENT

Companies Presenting:


FASTNET OIL & GAS (AIM:FAST)

Fastnet Oil & Gas (AIM:FAST) is an independent oil and gas exploration company focused on early stage exploration and appraisal opportunities in Africa and Ireland. Fastnet has a highly experienced management team with a proven track record of generating significant shareholder value in the oil and gas industry. The Company has moved quickly to assemble an exciting portfolio of exploration prospects offshore Morocco and in the Celtic Sea, offshore Ireland.
To see a short video from Managing Director Paul Griffiths covering the investment opportunity planned for Morocco click on link below:
http://reut.rs/1b9fsPe

Speaker: To Be Confirmed

PRESIDENT ENERGY (AIM:PPC)



President Energy (AIM:PPC) is a South American focused oil and gas company with significant exploration and development opportunities in Paraguay and production assets in Argentina.
President's strategy is to build a primarily South American focussed oil and gas production business, targeting reserve and production growth. In addition we have a cash generative production business in Louisiana, USA. We are listed on the AIM market in London (ticker: PPC) and have offices in London, Buenos Aires, Asuncion and the US.

Speaker: Peter Levine, Chairman



MORE COMPANIES TO BE ANNOUNCED



REGISTER NOW FOR LEEDS EVENT


Disclaimer: Please remember investments and the income from them can do down, as well as up, in value and therefore capital may be at risk.
Please note the views of Shares Magazine and the listed companies do not constitute a recommendation from Redmayne-Bentley.

Share price up 80%today.

Oil Discovery in Paraguayan Chaco

RNS

RNS Number : 6906U
President Energy PLC
20 October 2014



20 October 2014

PRESIDENT ENERGY PLC

("President" or "the Company")

OIL DISCOVERY IN PARAGUAYAN CHACO



President Energy announces an update on its Lapacho well, Pirity Concession, Paraguayan Chaco (President 64% operated interest)



Highlights

Lapacho well discovery

· President has made the first ever oil discovery in the Paraguayan Chaco
· Conventional light oil / condensate discovery - expected to be commercial (subject to
testing)
· Drilling is continuing in order to reach the original target of the Santa Rosa sands

Jacaranda well update

· Discovery supports the presence of liquid hydrocarbons in the deeper sandstone
reservoirs in Jacaranda
· 250 meters of liquid hydrocarbon saturation now identified in the shales in Jacaranda
· Re-entry of Jacaranda now being proposed

Production

· First phase production commencing during 2015 feasible subject to satisfactory testing



Peter Levine, Chairman, commented;


"This discovery represents a significant milestone for both President Energy and for the country of Paraguay. President has demonstrated beyond doubt that movable conventional oil does exist in the Paraguayan Chaco.

"Whilst we are most satisfied with this discovery, President is now focused on drilling down to the original target which still lies in front of us".



Lapacho Well

The PY-PE- L x-1 (Lapacho) well, currently drilling in the Paraguayan Chaco, has discovered two conventional oil bearing pay zones in the Devonian Icla Formation at a depth of 3926 metres. This formation was not the original target of this well .The well is now setting casing at the base of the Icla Formation at a depth of 4127 metres before drilling ahead to test the target being the underlying Devonian Santa Rosa Formation.

The two Icla pay zones are in addition to resource estimates given earlier this year (RPS Report, 12 June 2014) for the Lapacho Prospect and have been evaluated by a full suite of wireline logs including FMI and Platform Express as well as extensive side wall cores. President continues to work with Schlumberger as its integrated project manager. Combined net sand thickness is 20 metres with an average porosity of 6%. Logging shows the extensive development of conductive natural fractures. Side wall cores are bleeding live oil and hydrocarbon type appears to be light oil and condensate. It is intended that production flow testing will be conducted at the end of November when the well reaches final TD, together with such testing of the Santa Rosa Formation as may be appropriate. Given the good matrix porosity and abundant natural fractures, hydrocarbon flow rates from the Icla pay zones are expected to be commercial on a stand-alone basis. The size of the Icla discovery is still to be determined but can be seen to extend over at least the crest of the large underlying Santa Rosa structure, which has a closure of 25 km2 in the discrete fault block being tested by the Lx-1 Lapacho well.

Drilling remains on time and on budget with TD projected for at or around mid November when it is anticipated a further update will be given.



Jacaranda Well

In addition to this announcement of an Icla Sand discovery at Lapacho and as an update to our operational announcement of 4 September 2014, President announces that following the completion of evaluation at J x-1 Jacaranda, a very long interval of liquid hydrocarbon saturation has been identified in the Jacaranda structure lying within the Devonian shales of the Los Monos/Icla Formations. The liquid hydrocarbon saturation occurs between a depth of 4150 metres and 4400 metres and appears as a continuous saturation of 250 metres within the shales. The occurrence of such abundant liquid hydrocarbons at this depth much increases the chance of success to discover liquid hydrocarbons (light oil/condensate) in conventional sandstone reservoirs below 4000 metres.

The immediate action proposed to our partner in the well is to proceed after Lapacho to deepen the Jx-1 Jacaranda well to encounter the same Icla Sand liquid bearing pay zones as just discovered at Lapacho below current TD at Jacaranda. The re-entry of the well , the costs of which can be met out of the Company's existing cash facilities, would mean that the Tapir Prospect, which is drill ready, would be addressed at a later date



Background

The two President operated wells (Jx-1 Jacaranda and Lx-1 Lapacho), which are the first to be drilled in the Pirity Basin of the Paraguayan Chaco for 30 years, have already at this stage proven the presence of:

· thick Devonian source rocks actively generating liquid hydrocarbons,
· effective Devonian sandstone reservoirs,
· effective mechanisms to trap liquid hydrocarbons
· extensive natural fracturing to enhance production flow rates and
· live accumulation of conventional liquid hydrocarbons



In total, some 32 large Santa Rosa structures have been seismically identified in the three President-operated Concessions, which is a land position covering over 34,000 km2 and the entire Pirity Basin.

Next Steps



1. Continue drilling the Lx-1 Lapacho well to intersect and test the original target, the 400 metre thick Santa Rosa section, which is expected to contain thick, naturally fractured reservoir sands lying immediately below the Devonian Icla Formation. The opportunity to discover liquid hydrocarbons (rather than gas) is now much enhanced. The greater Lapacho prospect area covers 100 km2 and is considered by President to contain gross mean unrisked resources of approximately 1 billion barrels oil equivalent, (5.2 Tcf and 157 mmbbls of condensate). The Lapacho well main target is a discrete, well-defined fault block trap with management estimates of approximately 200 million barrels oil equivalent (1Tcf of gas and 30 mmbbls of condensate) of gross mean unrisked resources.

2. Once the Lx-1 Lapacho well has been successfully completed, President is proposing to re-enter the suspended J x-1 Jacaranda well to test the Icla Sand pay zones below current TD. The Jx-1 Jacaranda well reached TD at 4500 metres in July and productive Icla Sand reservoirs are projected to be encountered below 4600 metres. Compared to Lapacho, an additional thickness of Icla Formation has been preserved at Jacaranda and management estimates a thickness in excess of 50 metres for the Icla pay zones with in excess of 20 million barrels oil equivalent gross mean resources at a high chance of success. Operational consideration is being made to mobilize the QG1 rig back to the Jacaranda location once the current well L x-1 has been successfully tested and completed.


Production

Taking account the prospect of liquid hydrocarbons, initial contingent planning has commenced with a view to first phase production commencing during 2015. President views this timescale as feasible subject to satisfactory testing.







Dr. Richard Hubbard, PhD Geology Stanford University, with 40 years of experience in the oil and gas sector, as President Chief Operating Officer, who meets the criteria of qualified persons under the AIM guidance note for mining and oil and gas companies, has reviewed and approved the technical information contained in this announcement.



Contact:

President Energy PLC

Peter Levine, Chairman +44 (0) 207 016 7950

John Hamilton, CEO +44 (0) 207 016 7950

Ben Wilkinson, Finance Director +44 (0) 207 016 7950



RBC Capital Markets

Jeremy Low, Matthew Coakes, Daniel Conti +44 (0) 207 653 4000



Canaccord Genuity Limited

Tim Redfern, Henry Fitzgerald-O'Connor +44 (0) 207 523 8000



Bell Pottinger

Gavin Davis, Henry Lerwill +44 (0) 203 772 2570

Black Gold as they say

3rd discovery in Paraguay, test results in 10 days looking good.

Positive article about PPC