President Petroleum Registers as Argentine Oil Operator

Following completion of all regulatory requirements, President Petroleum has now been registered as an Argentine Oil Operator with the Registry of Oil Companies of the National Secretary of Energy.

Commenting on the announcement, Peter Levine, Chairman of President Petroleum Company Holdings BV said, "The registration of PPSA is a very important step in the development of the Company, granting President the official status to operate assets, acquire new licenses, and accordingly build our business as a fully fledged Argentine oil company."