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Daily Drilling Bulletin

PSE Circular for Brokers No. 185-98 • Philippine Stock Exchange • Circulars for Brokers • Feb 23, 1998

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February 23, 1998 PSE CIRCULAR FOR BROKERS NO. 185-98 DAILY DRILLING BULLETIN HIPPO 1 WELL (Sandakan Basin, Sulu Sea) During the past 72 hours, Arco Philippines, Inc., was able to drill to a depth of 3,082 feet, an advance of 22 feet. The operator has set the 20-inch casing and is now testing the blowout preventer prior to drilling ahead. dctai (SGD.) CRISELDA J.G. BAUSA Director Energy Resource Development Bureau

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