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President Energy PLC announces Puesto Guardian acquisition


Wednesday, 30 Jul 2014 02:00am EDT 

President Energy PLC:Purchase of the 50pct of Puesto Guardian Field not owned already by President, together with operatorship.Consideration includes an initial US$5 mln cash payment on completion and further payment of US$880,000 and US$1 mln payable on Dec. 31, 2015 and Dec. 31, 2016 and a royalty of 5pct on proceeds of production. 

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19 Dec 2014