PSE Circular for Brokers No. 1357-98
PSE Circular for Brokers No. 1357-98 • Philippine Stock Exchange • Circulars for Brokers • Jun 18, 1998
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June 18, 1998 PSE CIRCULAR FOR BROKERS NO. 1357-98 Philippine Stock Exchange 4th Floor, Tektite Tower 1 Exchange Road, Ortigas Center Pasig City Attention: Mr . Reynold P . Ong Vice President Listings and Disclosure Group Gentlemen : In compliance with the PSE rules on disclosure, our Company hereby informs your office that: The Gabon Etame No. 1 well was successfully tested and flowed at a rate of 3,500 bbls. of medium light crude per day through a half inch choke with no water. The well will be temporarily shut-in while technical analysis and evaluation of well data continues and a development plan for the block is undertaken. The Etame Marine Permit consortium is composed of Vaalco Energy, Inc. (Operator), Western Atlas, Inc., Sasol Ltd., Petrofields Corporation and Alcorn Petroleum and Minerals Corporation. We hope that the above disclosures meet your requirements. Very truly yours, (SGD.) FRANCIS G. TARCELO Chief Administrative Officer
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