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The Ramos family’s investment firm, Anglo Philippines Holdings Corp., is jacking up anew its stake in oil exploration firm Philodrill Corp. through a P1.6-billion equity purchase.

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The Philodrill Corp. has announced the appointment of Francisco A. Navarro as its new president effective April 1, 2014. Former president, Alfredo C. Ramos will continue as the company’s chairman.

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The Department of Energy (DOE) has thumbed down the proposed farm-in agreement for Service Contract 6 in Northwest Palawan primarily due to its proponents failure to meet the required financial capability, Trans-Asia Oil and Energy Development Corp. disclosed to the Philippine Stock Exchange (PSE) yesterday.

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Listed upstream oil firm Philodrill Corp. expects to hit the P2- billion profit mark in the next two years through higher oil sales.

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                    [Title] => Philodrill earnings slump on Galoc shutdown
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PHILODRILL

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                    [Title] => Anglo Holdings to focus on oil exploration
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Listed upstream oil firm Philodrill Corp. expects to hit the P2- billion profit mark in the next two years through higher oil sales.

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                    [Title] => Philodrill earnings slump on Galoc shutdown
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National Bookstore Inc., which is owned by the family of businessman Alfredo Ramos, is acquiring P12.86 million worth of shares of listed mining firm Vulcan Industrial & Mining Corp.

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                    [Title] => Philodrill H1 income declines to P72.77M
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                    [Title] => Oil exploration firms post profit gains in 2011
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Listed oil exploration firms recorded profit gains last year on the back of favorable prices that jacked up revenues from their petroleum service contracts (SC), the companies told the local bourse.
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abtest

Ramos group ups stake in Philodrill

By Neil Jerome Morales | May 22, 2014 - 12:00am

The Ramos family’s investment firm, Anglo Philippines Holdings Corp., is jacking up anew its stake in oil exploration firm Philodrill Corp. through a P1.6-billion equity purchase.

Business

Philodrill names new president

April 4, 2014 - 12:00am

The Philodrill Corp. has announced the appointment of Francisco A. Navarro as its new president effective April 1, 2014. Former president, Alfredo C. Ramos will continue as the company’s chairman.

Business

Ramos’ Anglo Holdings hikes stake in Philodrill

By Neil Jerome C. Morales | September 3, 2013 - 12:00am

The Ramos family’s investment firm Anglo Philippine Holdings Corp. has completed its plan of increasing its stake in an oil exploration firm.

Business

DOE nixes SC 6 farm-in proposal

By Iris Gonzales | August 31, 2013 - 12:00am

The Department of Energy (DOE) has thumbed down the proposed farm-in agreement for Service Contract 6 in Northwest Palawan primarily due to its proponents failure to meet the required financial capability, Trans-Asia...

Business

Anglo Holdings to focus on oil exploration

By Neil Jerome C. Morales | August 30, 2013 - 12:00am

The Ramos family’s flagship investment firm Anglo Philippine Holdings Corp. will focus on upstream oil exploration following its divestment in an upscale property firm.

Business

Philodrill sees profits hitting P2B in 2 yrs

By Neil Jerome C. Morales | December 17, 2012 - 12:00am

Listed upstream oil firm Philodrill Corp. expects to hit the P2- billion profit mark in the next two years through higher oil sales.

Business

Philodrill earnings slump on Galoc shutdown

November 18, 2012 - 12:00am

Listed upstream oil firm Philodrill Corp. saw a 77 percent decline in profit in the nine months to September with the shutdown of its oil field early this year.

Business

Nat’l Bookstore buys into Vulcan, eyes backdoor listing

By Zinnia B. Dela Peña | October 31, 2012 - 12:00am

National Bookstore Inc., which is owned by the family of businessman Alfredo Ramos, is acquiring P12.86 million worth of shares of listed mining firm Vulcan Industrial & Mining Corp.

Business

Philodrill H1 income declines to P72.77M

By Neil Jerome C. Morales | August 19, 2012 - 12:00am

Profits of listed upstream oil firm Philodrill Corp. slumped in the first half as its oil field was non-operational for the entire first quarter.

Business

Oil exploration firms post profit gains in 2011

By Neil Jerome C. Morales | May 1, 2012 - 12:00am

Listed oil exploration firms recorded profit gains last year on the back of favorable prices that jacked up revenues from their petroleum service contracts (SC), the companies told the local bourse.

Business