DOE Approval of Philodrill-Phoenix Assignment
PSE Circular for Brokers No. 2287-98 • Philippine Stock Exchange • Circulars for Brokers • Oct 1, 1998
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October 1, 1998 PSE CIRCULAR FOR BROKERS NO. 2287-98 September 30, 1998 DISCLOSURE DEPARTMENT Listings & Disclosure Group Philippine Stock Exchange, Inc. Philippine Stock Exchange Centre Exchange Road, Ortigas Center, Pasig City Fax No.: 636-0809 and 637-8811 Attention : Mr . Reynold P . Ong Vice President, Listings & Disclosure Group Subject : DOE Approval of Philodrill-Phoenix Assignment Gentlemen : Please be advised that we have received today, 30 September 1998, the formal approval of the Department of Energy on the Deed of Assignment and Assumption entered into between Phoenix Energy Corporation, as Assignor, and the Philodrill Corporation, as Assignee. LLpr The Deed of Assignment and Assumption covers the assignment by Phoenix to Philodrill of an undivided Nine Percent (9%) Participating Interest in Service Contract No. 6A, including all the rights, obligations, assets and liabilities appertaining thereto. This formal written advice on the foregoing matter is submitted in compliance with the rules and regulations of the Philippine Stock Exchange. Very truly yours, (SGD.) ADRIAN S. ARIAS Corporate Secretary
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