President Energy provide an update on the Pirity Concession and its drilling operations in Paraguay (Scandinavian Oil-Gas Mag...

President Energy provide an update on the Pirity Concession and its drilling operations in Paraguay

Published May 30, 2014

President has now achieved its full Participating Interest in the Pirity Concession pursuant to its farm-in, resulting in the Company now having a 59% beneficial Participating Interest.

All three wells in the 2014 drilling programme are targeting prospects located within the Pirity Concession.

Operational Progress

The drilling rig has now arrived at the Jacaranda well site, being the location for the first exploration well of the 2014 programme.

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