President Energy announce the results from the recently commissioned comprehensive seismic reprocessing and consequent re-interpretation of existing 3D data on its Australian license, PEL82 (President 100%).

Ausgeos Pty (AG), an experienced local Australian Independent Geological and Geophysical Consultancy, has delivered their independent experts report which indicates, that in addition to President's conventional play, a previously unidentified new unconventional play exists in PEL82, to which AG attribute gross Prospective Resources of 904 Bcf on a best (P50) case basis.

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