Phoenix Global Resources is a London Stock Exchange (AIM: PGR) and Buenos Aires Stock Exchange (BCBA:PGR) listed independent oil and gas exploration & production company with assets primarily in Argentina. The company has over 10 million licenced gross acres in Argentina, 61.7 million boe net working interest of 2P reserves and production of over 11,300 net working interest boepd on average in 2016. Phoenix has a highly attractive Vaca Muerta unconventional shale position across various concessions covering more than 400,000 net acres in Neuquén basin. The company also has a balanced portfolio of existing production and near-term production growth potential from identified development opportunities from its conventional asset base, enabling the company to de-risk and develop its attractive unconventional resources. Phoenix Global Resources was created by the combination of Andes Energia Plc and Petrolera El Trébol S.A. (“PETSA”), the operating company for the oil and gas exploration and production business of Mercuria Energy Group Limited in Argentina.
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