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President Energy

Markets

President Energy posts lower revenue, but production increases

President Energy said revenues have decreased since last year to $4.5million as it feels the impact of lower global oil prices. The company, which has producing assets in Argentina and Louisiana, said production has risen by 29% in the US state since last year. Total assets for the company were $202.7million, a rise from $162.9million in the first half of last year.

Markets

President Energy grants share options to senior team

President Energy has granted the option to acquire ordinary shares as it looks to select directors and senior management as part of its Global Incentive Plan (GIP). The company said the option will be subject to standard conditions under the GIP, including share price performance targets, three year vesting periods and have an exercise price of 11.5p.