UK 19:37 Monday, 12 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I decided to wait before writing a response to President Energy’s (PPC) so-called disappointing well result at Jacaranda, a fortnight ago. These remain tough times for the small cap oil & gas sector. While some highly speculative stocks have seen incredible surges in their share prices, other, more established companies, with proven fields, have struggled in the market. President sits somewhere in between these two groups. It is far too early to class the company’s concessions in the Pirity Rift Basin, Paraguay, as commercial assets. This remains a very high-risk play. However, the result at Jacaranda appeared to take the company much closer to realising its ambitions. Or at least that was my interpretation of the fateful RNS.
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