President has released highlights from its FY19 unaudited Group management report. While production has come in below guidance, these results still demonstrate the robustness and flexibility of the portfolio in what was a very challenging year in Argentina. President delivered positive cash operating profit every month despite temporary pricing controls that reduced realised oil prices by almost 25% for three months. We are trimming estimates slightly for 2020, but still expect strong growth
03 Feb 2020
President Energy - 2019 highlights and trading update
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President Energy - 2019 highlights and trading update
Molecular Energies PLC (MEN:LON) | 5.0 -1 (-79.2%) | Mkt Cap: 0.62m
- Published:
03 Feb 2020 -
Author:
Jonathan Wright -
Pages:
4
President has released highlights from its FY19 unaudited Group management report. While production has come in below guidance, these results still demonstrate the robustness and flexibility of the portfolio in what was a very challenging year in Argentina. President delivered positive cash operating profit every month despite temporary pricing controls that reduced realised oil prices by almost 25% for three months. We are trimming estimates slightly for 2020, but still expect strong growth