Source - RNS
RNS Number : 3426R
Phoenix Global Resources PLC
14 June 2018
 

14 June 2018

Phoenix Global Resources plc

("Phoenix" or the "Company")

 

Company Presentation

 

Phoenix Global Resources plc (AIM: PGR; BCBA: PGR), an upstream oil and gas company offering its investors an opportunity to invest directly into Argentina's Vaca Muerta shale formation and other unconventional resources, is pleased to announce that a copy of the Company's new company presentation is now available on the Company's website www.phoenixglobalresources.com.

 

- ENDS -

 

For further information, please contact:

 

Phoenix Global Resources plc

Anuj Sharma, CEO

Philip Wolfe, CFO

 

T: +54 11 5258 7500

T: +44 20 3912 2805

Stockdale Securities

Antonio Bossi

Ed Thomas

T: +44 20 7601 6100

 

Panmure Gordon

 

Adam James

Atholl Tweedie

 

T: +44 20 7886 2500

 

Camarco

 

Billy Clegg

Owen Roberts

James Crothers

 

T: +44 20 3757 4980

 

About Phoenix

Phoenix Global Resources plc (AIM: PGR; BCBA: PGR) is an upstream oil and gas company offering its investors an opportunity to invest directly into Argentina's Vaca Muerta shale formation and other unconventional resources.  The Vaca Muerta is the only producing shale outside of the US and has attracted significant major entrants including Total, BP, Chevron, ExxonMobil, Qatar Petroleum, Petronas, Shell and Equinor.  The Company has 560,000 net Vaca Muerta acres covering approximately 7.5% of the formation, with three core Vaca Muerta areas (Puesto Rojas, Mata Mora and Corralera).  The Company's unconventional acreage is underpinned by 57.2 MMboe conventional proven and probable reserves and 11,070 boepd of production in 2017.  The Company's strategy is to invest in drilling activity in its Vaca Muerta acreage to increase resources, reserves and production and is well capitalised and of a scale to do so. 

 

The Company's website is www.phoenixglobalresources.com

 

 


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