President Energy PLC Extension to Publication of Accounts (4021B)

TIDMPPC

RNS Number : 4021B

President Energy PLC

10 June 2021

10 June 2021

PRESIDENT ENERGY PLC

("President" or the "Company")

Extension of deadline for publication of audited accounts for the year to 31 December 2020

President Energy (AIM: PPC), the energy company with a diverse portfolio of production and exploration assets focused primarily in South America, announces that in light of the continued difficulties faced in Argentina with respect to the pandemic, and following consultation with its auditors, the Company will require more time to complete the audit process in respect of its accounts for the year ended 31 December 2020 (the "2020 Accounts").

Therefore, with the consent of both AIM Regulation and Companies House, the announcement of the Group's Final Results and publication of the 2020 Accounts will be delayed beyond the normal reporting deadline of 30 June 2021. However, the Company expects to publish and file the 2020 Accounts no later than 31 August and will provide an update to the reporting date as and when appropriate.

Contact:

 
  President Energy PLC                       [phone] 
   Nikita Levine, Investor Relations 
                                              [e-mail] 
  finnCap (Nominated Advisor and broker) 
   Christopher Raggett, Tim Harper           [phone] 
 
 

Notes to Editors

President Energy is an oil and gas company listed on the AIM market of the London Stock Exchange (PPC.L) primarily focused in Argentina, with a diverse portfolio of operated onshore producing and exploration assets.

The Company has operated interests in the Puesto Flores, Estancia Vieja, Puesto Prado and Las Bases Concessions, and Angostura exploration contract, all of which are situated in the Rio Negro Province in the Neuquén Basin of Argentina and in the Puesto Guardian Concession, in the Noroeste Basin in NW Argentina. Alongside this, President Energy has cash generative production assets in Louisiana, USA and further significant exploration and development opportunities through its acreage in Paraguay and Argentina.

The Group is also actively pursuing value accretive acquisitions of high-quality production and development assets capable of delivering positive cash flows and shareholder returns. With a strong strategic and institutional base of support, including the international commodity trader and logistics company Trafigura, an in-country management team as well as the Chairman whose interests as the largest shareholder are aligned to those of its shareholders, President Energy gives UK investors access to an energy growth story combined with world class standards of corporate governance, environmental and social responsibility.

This announcement contains inside information for the purposes of article 7 of Regulation 596/2014

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June 10, 2021 02:00 ET (06:00 GMT)