Last 33.50 GBp
Change Today -0.87 / -2.55%
Volume 117.4K
As of 11:35 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

president energy plc (PPC) Snapshot

Open
34.50 GBp
Previous Close
34.38 GBp
Day High
34.50 GBp
Day Low
33.00 GBp
52 Week High
02/4/14 - 50.00 GBp
52 Week Low
07/9/13 - 14.50 GBp
Market Cap
132.5M
Average Volume 10 Days
641.5K
EPS TTM
-0.03 GBp
Shares Outstanding
395.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for PRESIDENT ENERGY PLC (PPC)

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president energy plc (PPC) Details

President Energy PLC engages in the exploration, evaluation, and production of oil and gas properties primarily in South America. The company holds a 50% working interest in the CNO-8 Puesto Guardian license covering 622 square kilometers located in Salta Province, as well as 100% interest in Matorras and Ocultar licenses covering an area of 2,203 square kilometers situated in Argentina; interests in 2 producing oil and gas fields in Louisiana, the United States; and 100% interests in 2 licenses in the Otway and Arrowie Basins in South Australia. It also has an option to earn up to a 59 per cent interest in the Pirity Block and up to a 60 per cent interest in the Demattei Block situated in Paraguay. The company was formerly known as President Petroleum Company PLC and changed its name to President Energy PLC in September 2012. President Energy PLC is headquartered in London, the United Kingdom.

13 Employees
Last Reported Date: 05/1/13

president energy plc (PPC) Top Compensated Officers

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Executives, Board Directors

president energy plc (PPC) Key Developments

President Energy Plc Presents at Proactive Investors One2One Investor Forum, Mar-20-2014 05:30 PM

President Energy Plc Presents at Proactive Investors One2One Investor Forum, Mar-20-2014 05:30 PM. Venue: Chesterfield Mayfair, 35 Charles Street, Mayfair, London, W1J 5EB, United Kingdom. Speakers: Peter Michael Levine, Executive Chairman, Member of Remuneration Committee, Chairman of President Petroleum (USA) Inc., Chairman of President Petroleum Pty Ltd and Chairman of President Petroleum Company Holdings BV.

President Energy Plc, Special/Extraordinary Shareholders Meeting, Feb 24, 2014

President Energy Plc, Special/Extraordinary Shareholders Meeting, Feb 24, 2014. Agenda: To authorize the company to allot shares or grant rights to subscribe for or convert securities into shares up to an aggregate nominal amount of £994,188.80 in connection with the placing and open offer; to dis-apply statutory pre-emption rights in respect of the allotment of shares for cash up to an aggregate nominal amount of £994,188.80 in connection with the placing and open offer; to authorize the company to allot shares or grant rights to subscribe for or convert securities into shares generally up to an aggregate nominal amount of £1,353,229; and to dis-apply statutory pre-emption rights generally in respect of the allotment of shares for cash up to an aggregate nominal amount of £405,968.77.

President Energy Plc Provides Operational Update

President Energy Plc announced that a letter of intent has now been entered into for a rig to drill the 2014 exploration programme. The contractor is Queiroz Galvão Óleo e Gás. Mobilization from Brazil is due to commence during February 2014 and is estimated to take two months, with the first well scheduled to spud, weather permitting, during May 2014. Preparations for drilling continue and are on track. Civil works at two well locations are advanced with drilling pads being prepared. Seismic Survey results of the extensive seismic programme are still being analyzed. Due to the increased amount of seismic data acquired, the final results are now expected during the course of January. The information to date supports the previously announced views of the two major structural play fairways identified and the gross risked prospective resource potential of in excess of 500 mmboe as a realistic possibility. An updated independent audit by RPS is also expected to be announced by the end of January. As a result of the frac campaign (excluding PE-8) gross field production has stabilized at 415bopd, an increase of 40%. With the well performance data now observed, the company is confident that the frac campaign has proved successful and sufficient production data are now available to commence a reserves update. Whilst technical problems have hindered PE-8, this does not detract from the successful proof of concept of commercial, hydraulic stimulation in Puesto Guardian. PE-7: after four months of production, the well continues to perform strongly and is free flowing without further decline into the facility on a 45/64 inch choke with an average month four rate of 185 gross barrels of fluid per day, with 73% oil. DP-1001: after seven months of production, the well continues to free flow without further decline into the facility on a 9/16 inch choke with an average month seven rate of 110 gross barrels of fluid per day, with 66% oil; PE-8: after hydraulic stimulation of the carbonate interval, an inflow test was commenced with a W1 of approximately 340 gross barrels of fluid per day and after three days of clean-up reached 15% oil. A workover was carried out to open the A6 interval and install a beam pump. Production re-commenced at 200 gross barrels of fluid per day (10% oil) on November 11, however the pump performance continued to drop off over three weeks before failing. This is most likely due to seal damage from some low level of sand production. The well is currently shut-in awaiting a pulling operation to change the pump seals. Louisiana: production remains strong. While December volumes will be lower due to routine field maintenance at both EWL and ELV, as well as cold weather, average monthly production has been approximately 250 boepd for the past 3 months. In the first half of 2014, President and its partners intend to drill two new exploration wells.

 

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Valuation PPC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 12.6x
Price/Book 1.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 18.6x
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