Source - SMW
President Energy has upgraded the prospective resource at its Puesto Guardian Concession, Matorras and Ocultar licenses in South America. 

The company said gas and condensate prospects amounted to a prospective resource of over 7 trillion cubic feet, with an upside case of more than 20tcf and 185 million barrels of condensate.

President is readying a farm-out of Matorras and Ocultar, with plans to launch the process in the 2018 first quarter.

At 9:12am: (LON:PPC) President Energy Plc share price was +0.25p at 10.25p