President Energy has reached TD at 4,543 metres at the Lapacho x-1 well in the Santa Rosa Formation, the primary pre-drill target, with 418 metres of the 600 metre target interval drilled, with encouraging hydrocarbon shows encountered throughout the gross formation thickness extending right to TD, with high background gas of up to 20 per cent and trip gas of up to 48 per cent (C1-C5 gas present)
