Project Profile

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Location: Neuquen Basin in Rio Negro Province, Argentina
Value: Undisclosed 
Oil Production: 2,000-2,100 bopd
The Puesto Flores and Estancia Vieja Concession is located in the Neuquen Basin in Rio Negro Province, Argentina. Puesto Flores comprises of 26 wells of which 17 are currently producing. The Estancia Vieja field comprises of 33 wells all of which are currently shut-in. President has a 90% interest in the fields and is the Operator of the Concession. Oil production from the Concession is currently 2,000-2,100 bopd, an increase of approximately 70% since President acquired its interest in the Concession. 
Operators:
President Energy: 90% interest 
Ediphsa: 10% interest