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Daily Drilling Bulletin

PSE Circular for Brokers No. 148-98 • Philippine Stock Exchange • Circulars for Brokers • Feb 17, 1998

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February 17, 1998 PSE CIRCULAR FOR BROKERS NO. 148-98 DAILY DRILLING BULLETIN HIPPO-I WELL (Sandakan Basin, Sulu Sea) During the past 24 hours, Arco Philippines, Inc., operator of Geophysical Survey and Exploration Contract (GSEC) No. 74, drilled to a depth of 3,060 feet, an advance of 1,591 feet. At present, the operators is reaming the pilot hole to 26-inches preparatory to running the 20 inch casing. (SGD.) GRISELDA J.G. BAUSA Director Energy Resource Development Bureau

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