Date: Thursday 29 Mar 2012
President Petroleum has posted successful results from the DP-1001 well in the Dos Puntitas field, saying preliminary evaluation demonstrates that the well has been very successful and substantially above expectations. The oil column is substantially longer than expected and the log demonstrates a gross oil column of 54 metres with a net pay of 33 metres. The company will now test and complete multiple intervals and place the well on production without any need for prior fraccing.
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| Currency | UK Pounds |
| Share Price | 11.25p |
| Change Today | 0.000p |
| % Change | 0.00 % |
| 52 Week High | 30.13 |
| 52 Week Low | 10.00 |
| Volume | 30,056 |
| Shares Issued | 288.12m |
| Market Cap | £32.41m |
| Beta | 0.71 |
| RiskGrade | 294 |
| Value |
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| Price Trend |
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| Income | ![]() |
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| Growth |
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| Strong Buy | 0 |
| Buy | 0 |
| Neutral | 0 |
| Sell | 0 |
| Strong Sell | 1 |
| Total | 1 |

| No dividends found |
| Time | Volume / Share Price |
| 09:22 | 13,274 @ 11.15p |
| 09:16 | 15,000 @ 11.20p |
| 09:08 | 1,000 @ 11.10p |
| 08:08 | 782 @ 11.20p |
| CEO | Leon Coetzer |
| Finance Director | Eduard Victor |
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