President Energy surges after finding Paraguay’s first oil

LONDON (Bloomberg) -- President Energy Plc, a UK exploration company, made Paraguay’s first oil discovery, sending its shares surging by the most in eight years in London. The discovery of light oil in the Lapacho well is expected to have commercial potential with first production slated for next year, the London-based company said in a statement Oct. 20.


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President Energy surges after finding Paraguay’s first oil President Energy surges after finding Paraguay’s first oil Reviewed by Crude Oil Brokers on 13:05 Rating: 5

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