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Philex Petroleum Corp., the upstream oil and gas unit of listed mining firm Philex Mining Corp., is beefing up its war chest to finance exploration and drilling in different petroleum blocks here and abroad in 2016.

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                    [Title] => Philex Pet abandons plan to acquire Octon Block
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UK-based Pitkin Petroleum Plc majority owned by Philex Petroleum Corp., has decided to abandon its plan to take a 70 percent interest in Service Contract 6A in northwest Palawan known as the Octon Block.

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                    [Title] => Philex Petroleum divests in Vietnam exploration firm for P2.1B
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Philex Petroleum Corp., a listed energy firm headed by top businessman Manuel V. Pangilinan, said yesterday that it has divested its interest in Vietnam American Exploration Co. (Vamex) for P2.1 billion.

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                    [Title] => Philex raises stake in Pitkin Petroleum
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Philex Petroleum Corp., the listed oil and gas firm owned by businessman Manuel V. Pangilinan, has increased its stake in Pitkin Petroleum, a British power company.

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                    [Title] => DOE approves transfer of 70% interest in Palawan oil search to Pitkin Petroleum
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The Department of Energy (DOE) has approved the transfer of 70 percent interest in Service Contract 6A off Northwest Palawan from Philodrill Corp. and its joint venture partners to Pitkin UK-based Petroleum Plc.
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                    [Title] => Philex Petroleum reports 'encouraging flow rates'
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                    [DatePublished] => 2011-04-14 00:00:00
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                    [Title] => Philex Petroleum gets nod to hike capital
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Philex Petroleum Corp., a wholly-owned subsidiary of copper-gold producer Philex Mining Corp., has secured the Securities and Exchange Commission’s approval to increase its authorized capital stock from P2 billion to P6.8 billion.
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                    [Title] => Philex invests additional P1.2 billion in oil exploration unit
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Philex Mining Corp. will invest an additional P1.2 billion in its wholly-owned oil exploration subsidiary Philex Petroleum Corp. (PPC) in preparation for possible acquisition of new assets.
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                    [Title] => Philex reports major oil, gas discovery in Vietnam
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UK-based Pitkin Petroleum Plc majority owned by Philex Petroleum Corp., has decided to abandon its plan to take a 70 percent interest in Service Contract 6A in northwest Palawan known as the Octon Block.

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Philex Petroleum Corp., a listed energy firm headed by top businessman Manuel V. Pangilinan, said yesterday that it has divested its interest in Vietnam American Exploration Co. (Vamex) for P2.1 billion.

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Philex Petroleum Corp., the listed oil and gas firm owned by businessman Manuel V. Pangilinan, has increased its stake in Pitkin Petroleum, a British power company.

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Philex Petroleum Corp., a wholly-owned subsidiary of copper-gold producer Philex Mining Corp., has secured the Securities and Exchange Commission’s approval to increase its authorized capital stock from P2 billion to P6.8 billion.
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                    [Title] => Philex invests additional P1.2 billion in oil exploration unit
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Philex Mining Corp. will invest an additional P1.2 billion in its wholly-owned oil exploration subsidiary Philex Petroleum Corp. (PPC) in preparation for possible acquisition of new assets.
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                    [Title] => Philex reports major oil, gas discovery in Vietnam
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Philex Mining Corp., the country’s largest copper and gold mining firm, announced the discovery of a major oil and gas field by its affiliate Pitkin Petroleum Plc in offshore Vietnam.
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abtest

Philex beefing up war chest

November 22, 2015 - 9:00am

Philex Petroleum Corp., the upstream oil and gas unit of listed mining firm Philex Mining Corp., is beefing up its war chest...

Business

Philex Pet abandons plan to acquire Octon Block

By Iris Gonzales | September 5, 2014 - 12:00am

UK-based Pitkin Petroleum Plc majority owned by Philex Petroleum Corp., has decided to abandon its plan to take a 70 percent interest in Service Contract 6A in northwest Palawan known as the Octon Block.

Business

Philex Petroleum divests in Vietnam exploration firm for P2.1B

By Iris Gonzales | July 18, 2013 - 12:00am

Philex Petroleum Corp., a listed energy firm headed by top businessman Manuel V. Pangilinan, said yesterday that it has divested its interest in Vietnam American Exploration Co. (Vamex) for P2.1 billion.

Business

Philex raises stake in Pitkin Petroleum

By Iris Gonzales | April 9, 2013 - 12:00am

Philex Petroleum Corp., the listed oil and gas firm owned by businessman Manuel V. Pangilinan, has increased its stake in Pitkin Petroleum, a British power company.

Business

DOE approves transfer of 70% interest in Palawan oil search to Pitkin Petroleum

By Donnabelle L. Gatdula | December 15, 2011 - 12:00am

The Department of Energy (DOE) has approved the transfer of 70 percent interest in Service Contract 6A off Northwest Palawan from Philodrill Corp. and its joint venture partners to Pitkin UK-based Petroleum Plc...

Business

Philex Petroleum reports 'encouraging flow rates'

By Ted P. Torres | April 14, 2011 - 12:00am

Philex Petroleum Corp. has reported “encouraging hydrocarbon flow rates” in the Ca Rong Do (Red Emperor) well in offshore Vietnam.

Business

Philex Petroleum gets nod to hike capital

By Zinnia B. Dela Peña | January 3, 2010 - 12:00am

Philex Petroleum Corp., a wholly-owned subsidiary of copper-gold producer Philex Mining Corp., has secured the Securities and Exchange Commission’s approval to increase its authorized capital stock from P2...

Business

Philex invests additional P1.2 billion in oil exploration unit

By Donnabelle L. Gatdula | November 12, 2009 - 12:00am

Philex Mining Corp. will invest an additional P1.2 billion in its wholly-owned oil exploration subsidiary Philex Petroleum Corp. (PPC) in preparation for possible acquisition of new assets.

Business

UK firm to start exploration work in Palawan

By Donnabelle L. Gatdula | October 17, 2009 - 12:00am

London-based Pitkin Petroleum Plc. will start exploration activities in its Service Contract (SC) 53 in Mindoro Island near Palawan.

Business

Philex reports major oil, gas discovery in Vietnam

By Donnabelle L. Gatdula | June 29, 2009 - 12:00am

Philex Mining Corp., the country’s largest copper and gold mining firm, announced the discovery of a major oil and gas field by its affiliate Pitkin Petroleum Plc in offshore Vietnam.

Business