2021 was a tricky year operationally but President still delivered strong growth in EBITDA. Moreover, it has put in place the infrastructure and commercial agreements that provide a platform for its future growth. Flush production from new oil wells in Salta province alongside the restoration of Louisiana volumes and higher oil prices are set to drive further strong EBITDA growth in 2022, plus the successful farm-out in Paraguay means a return to high impact exploration in H2.
28 Jun 2022
President Energy - 2021 results and outlook
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President Energy - 2021 results and outlook
Molecular Energies PLC (MEN:LON) | 7.0 -1.2 (-70.8%) | Mkt Cap: 0.87m
- Published:
28 Jun 2022 -
Author:
Jonathan Wright -
Pages:
11
2021 was a tricky year operationally but President still delivered strong growth in EBITDA. Moreover, it has put in place the infrastructure and commercial agreements that provide a platform for its future growth. Flush production from new oil wells in Salta province alongside the restoration of Louisiana volumes and higher oil prices are set to drive further strong EBITDA growth in 2022, plus the successful farm-out in Paraguay means a return to high impact exploration in H2.