President is pleased to provide the following update on its Pirity concession in Paraguay.
Pirity Concession (Operated 64% working interest)
President confirms that the dispute with Petro Victory Energy Corp and its group (the 'PV Group') has now been amicably resolved and a joint statement from both President and the PV Group has been issued.
Peter Levine, Chairman, commented, 'We are pleased that the dispute with our partners in Paraguay has been amicably resolved. Our work continues to unlock the value potential of Paraguay.'