President has released an updated reserves report for its Argentine assets, which sees Neuquén basin reserves increasing sharply, demonstrating the success of its 2018 work programme. However, overall Argentine 2P reserves declined 6% due to lower Puesto Guardian reserves. This is purely a reflection of management starving this asset of capital in preference for its higher margin Neuquén basin opportunities. This approach is vindicated by the fact that President’s 2P Argen
15 Feb 2019
President Energy - Argentina reserves update
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President Energy - Argentina reserves update
Molecular Energies PLC (MEN:LON) | 7.0 -0.1 (-17.6%) | Mkt Cap: 0.87m
- Published:
15 Feb 2019 -
Author:
Jonathan Wright -
Pages:
7
President has released an updated reserves report for its Argentine assets, which sees Neuquén basin reserves increasing sharply, demonstrating the success of its 2018 work programme. However, overall Argentine 2P reserves declined 6% due to lower Puesto Guardian reserves. This is purely a reflection of management starving this asset of capital in preference for its higher margin Neuquén basin opportunities. This approach is vindicated by the fact that President’s 2P Argen