President Energy says that the Hernandarias Concession has successfully passed through both the Senate and House of Deputies and has been signed into law No. 5259/14, by the President of Paraguay, Horacio Cartes.

As previously announced, the Concession covers 18,507 km2 and is immediately to the north of the Pirity Concession where President has recently drilled the Jacaranda prospect. The completion of the Hernandarias award, together with the Pirity and Demattei Concessions, gives President control and operatorship of the entire Pirity Rift Basin.

Tags: President Energy