Tag: Peter Levine

• Wednesday, December 31st 2014 - 05:18 UTC

  Blackout for Paraguay's hydrocarbons hopes in Chaco drillings

  

  President Energy slumped by as much as a third on Monday following an update on testing of the Silurian Santa Rosa and Devonian Icla reservoirs in the Lapacho well in Paraguay's Chaco. A test of Santa Rosa was cut short, although management reckons that it can be commercialized, and a test of Icla recovered only gas and no oil.

• Tuesday, October 21st 2014 - 06:24 UTC

  UK company confirms discovery of oil in the Paraguayan Chaco

  

  President Energy announced on Monday it has discovered good oil-bearing zones at its Lapacho drill in the Paraguayan Chaco and confirms strong hydrocarbon pay at its Jacaranda well.