President Energy PLC - Director Appointment

24 June 2020                                                                                                 

PRESIDENT ENERGY PLC

("President" or the "Company")

 DIRECTOR APPOINTMENT

President Energy (AIM: PPC), the energy company with a diverse portfolio of production and exploration assets focused primarily in Argentina announces the appointment of Martin Urdapilleta to the board of the Company as a non-executive director.

Martin, age 41, an Argentine citizen, has some 12 years' experience in the oil and gas industry.  After graduating from Instituto Tecnologico de Buenos Aires, Argentina with a Bachelor of Industrial Engineering, Martin commenced work as a Commodity Trader joining Trafigura in 2008, where he is now General Manager of Trafigura Pte Ltd, Argentina.

Martin has been appointed to the board of the Company by Trafigura pursuant to the Subscription Agreement announced on 20 January 2020.

Peter Levine, Chairman, commented:

"We welcome Martin to our Board.  He is widely respected in the industry and his positive contribution to our Company is already being felt.

"We very much look forward to working with Martin in the future." 

INFORMATION REQUIRED UNDER SCHEDULE 2, PARAGRAPH (G) OF THE AIM RULES. 

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Notes to Editors

President Energy is an oil and gas company listed on the AIM market of the London Stock Exchange (PPC.L) primarily focused in Argentina, with a diverse portfolio of operated onshore producing and exploration assets.

The Company has operated interests in the Puesto Flores, Estancia Vieja, Puesto Prado and Las Bases Concessions, and Angostura exploration contract, all of which are situated in the Rio Negro Province in the Neuquén Basin of Argentina and in the Puesto Guardian Concession, in the Noroeste Basin in NW Argentina. Alongside this, President Energy has cash generative production assets in Louisiana, USA and further significant exploration and development opportunities through its acreage in Paraguay and Argentina.

The Group is also actively pursuing value accretive acquisitions of high-quality production and development assets in Argentina capable of delivering positive cash flows and shareholder returns. With a strong institutional base of support, including the IFC, part of the World Bank Group as well as the international commodity trader and logistics company Trafigura, an in-country management team as well as a Board whose interests are aligned to those of its shareholders, President Energy gives UK investors access to the Argentina energy growth story combined with world class standards of corporate governance, environmental and social responsibility.

This announcement contains inside information for the purposes of article 7 of Regulation 596/2014