President strikes Louisiana pay

LSU Tigers fans cheer before the NCAA BCS National Championship college football game against the Alabama Crimson Tide in New Orleans, Louisiana, January 9, 2012. REUTERS/Sean Gardner (UNITED STATES  - Tags: SPORT FOOTBALL)

Louisiana scores: President Energy has hit a nine metre net oil pay while drilling in the East White Lake field

UK-listed President Energy said it has hit about nine metres of net oil bearing pay while drilling a well at its East White Lake field in Louisiana.

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