PSE Circular for Brokers No. 012-00
PSE Circular for Brokers No. 012-00 • Philippine Stock Exchange • Circulars for Brokers • Jan 4, 2000
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January 4, 2000 PSE CIRCULAR FOR BROKERS NO. 012-00 December 29, 1999 Ms. Grace B. de Guia Assistant Manager Disclosure Department Philippine Stock Exchange RE : "PNOC-Exploration Buys 10% of Malampaya for $200M", Malaya, December 23, 1999" Dear Ms. de Guia, In reply to your query, PNOC: Exploration Corporation (PNOC EC) and Shell Philippines Exploration B.V. (Shell) have reached an agreement whereby PNOC EC can acquire a 10% participating interest in Service Contract No. 38. However, this becomes effective only after the approval by the President of the Philippines and financial closing by the end of March 2000. For your information. Very truly yours, (SGD.) ELPIDIO M. GAMBOA JR. Corporate Secretary
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