H1 2020 saw extreme commodity price weakness, but was still a productive period for President, especially for its balance sheet, with debt more than halving to US$15m following a placing, strategic subscription and debt-to-equity conversion. This leaves President on a sound financial footing, well positioned to ride out sustained lower prices if necessary while delivering the growth potential within its core Argentine business, further evidence of which was provided with today’s positive drillin ....
26 Oct 2020
President Energy - Interim results and drilling update
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President Energy - Interim results and drilling update
Molecular Energies PLC (MEN:LON) | 11.5 0 0.0% | Mkt Cap: 1.42m
- Published:
26 Oct 2020 -
Author:
Jonathan Wright -
Pages:
10
H1 2020 saw extreme commodity price weakness, but was still a productive period for President, especially for its balance sheet, with debt more than halving to US$15m following a placing, strategic subscription and debt-to-equity conversion. This leaves President on a sound financial footing, well positioned to ride out sustained lower prices if necessary while delivering the growth potential within its core Argentine business, further evidence of which was provided with today’s positive drillin ....