![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Meridian Pet. (See LSE:PPC) | LSE:MRP | London | Ordinary Share | GB00B3DDP128 | ORD 30P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 55.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPPC
RNS Number : 8740Y
President Energy PLC
14 September 2015
14 September 2015
PRESIDENT ENERGY PLC
("President" or "the Company")
Update on new Seismic
Hernandarias Block, Chaco Region, Paraguay
On 13 July it was announced that seismic data acquisition had been completed on time and on budget on the Hernandarias Block and that final analysis of the results of processing would be announced approximately two months thereafter.
Whilst final processing by President's independent contractor and its analysis is still ongoing, the seismic is of excellent quality and it is already clear from the data that several drillable Paleozoic prospects, in line with the Company's pre-acquisition expectations, exist at 2,500-3,000m depth being some 1,000m shallower depth than the Lapacho and Jacaranda wells drilled last year.
In the light of the importance of such results, management is carrying out careful analysis and peer review before announcing the full results together with Prospective Resource estimates. An announcement will be made forthwith after President and its partner in the Block, Hidrocarburos Chaco, first brief the relevant Regulatory Authority and Ministries in Paraguay, due to take place in October this year.
Miles Biggins, Bsc Joint Honours University College London, with 25 years of experience in the oil and gas sector, is a Petroleum Engineer and member of the Society of Petroleum Engineers 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
Miles Biggins, COO +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
Henry Fitzgerald-O'Connor +44 (0) 207 523 8000
Bell Pottinger
Gavin Davis, Henry Lerwill +44 (0) 203 772 2500
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCZFLFFEKFLBBD
(END) Dow Jones Newswires
September 14, 2015 02:00 ET (06:00 GMT)
1 Year Meridian Petroleum Chart |
1 Month Meridian Petroleum Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions