President Energy announces first sale of oil from Puesto Flores field in Argentina

10/17/2017

LONDON -- President Energy, the upstream oil and gas company with assets focused primarily in Argentina, has announced that it has already banked the proceeds from its first delivery of oil from Puesto Flores field, the acquisition of which, together with the neighboring Estancia Vieja field, was announced on Sept. 21, 2017.

The proceeds received of $1.5 million represent the revenue from the first shipment of oil under President’s operatorship of Puesto Flores field. The oil was transported by pipeline to the off-taker, an Argentine refiner and trader.

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