President Energy PLC Extension to Publication of Accounts (4021B)
June 10 2021 - 2:00AM
UK Regulatory
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 +44 (0) 207 016 7950
Nikita Levine, Investor Relations
info@presidentpc.com
finnCap (Nominated Advisor and broker)
Christopher Raggett, Tim Harper +44 (0) 207 220 0500
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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END
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