South America-focused oil and gas firm President Energy (LON:PPC) is on course to spin off the UK-registered subsidiary Atome, which is focused on hydrogen and ammonia production and sales.
AIM-quoted President has interests in Argentina, the US and Paraguay. It generates revenues from Argentina and Louisiana
At the interim stage, revenues rose by one-quarter to $17.1m, even though production fell by 2% to 2,648 barrels/day. Cash was generated, although net debt increased was $16.7m at th...
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