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MercoPress News Agency & President Energy (press release 20141117)
UK company confirms discovery of oil in the Paraguayan Chaco
Edited: 201411181904



The company is President Energy Plc (PPC:LSE), its CEO is Peter Levine. Oil well's name: Lapacho well. The Chaco region is dominated by big landowners. Note that Paraguay is a net importer of fuel.