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Daily Drilling Bulletin

PSE Circular for Brokers No. 252-98 • Philippine Stock Exchange • Circulars for Brokers • Mar 2, 1998

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March 2, 1998 PSE CIRCULAR FOR BROKERS NO. 252-98 DAILY DRILLING BULLETIN HIPPO-I WELL (Sundakan Basin, Sulu Sea) Arco Philippines, Inc. over the weekend, drilled the well to a depth of 7,082 feet, an advance of 2,347 feet since Friday. The operator will drill ahead to 7,500 feet and thereafter conduct another seismic velocity survey. LLjur (SGD.) GRISELDA J.G. BAUSA Director Energy Resource Development Bureau

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