President Energy Plc provided earnings guidance for the year 2020. The company expects 2020 to be a year of positive operational profitability with balance sheet much healthier reflecting borrowings as at 30 June 2020 projected to be USD 14.6 million (almost halved since year end 2018), of which only USD 3.7 million is a third party financial debt with the USD 10.9 million balance from IYA Global Ltd. ("IYA"), an associated entity of mine.