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President Energy

Sector: Raw Materials • Location: Paraguay

Source: International Finance Corporation (IFC)

Project
Completed

The proposed investment consists of an equity investment of up to $20 million in President Energy Plc. (“President Energy” or the “Company”). IFC funds are aimed to support President’s exploration activities in Paraguay, where the company is focusing to develop two contiguous hydrocarbon blocks, Pirity and DeMattei, both currently at a pre-drilling phase. These two blocks offer a chance to explore

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Project Information

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The project “President Energy” is an infrastructure initiative in the Raw Materials sector, located in Paraguay. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

completed

Taiyo status

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Taiyo last update

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Contact

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Email

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Address

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Description

Description

The proposed investment consists of an equity investment of up to $20 million in President Energy Plc. (“President Energy” or the “Company”). IFC funds are aimed to support President’s exploration activities in Paraguay, where the company is focusing to develop two contiguous hydrocarbon blocks, Pirity and DeMattei, both currently at a pre-drilling phase. These two blocks offer a chance to explore in an extension of a proven hydrocarbon system. The Company is currently processing 2D and 3D seismic data with a view to commencing a multi-well program in 2014. A successful commercial discovery in one of the blocks would be transformational to the Company and to the country of Paraguay, which has yet to discover hydrocarbons.

Original sub-sector

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Original Currency

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Original budget

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Procurement method

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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