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Daily Drilling Bulletin

PSE Circular for Brokers No. 351-98 • Philippine Stock Exchange • Circulars for Brokers • Mar 12, 1998

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March 12, 1998 PSE CIRCULAR FOR BROKERS NO. 351-98 DAILY DRILLING BULLETIN HIPPO-1 WELL (Sandakan Basin, Sulu Sea) Arco Philippines, Inc. completed the re-positioning of the rig and is currently running the blowout preventer (BOP) stack. The operator will resume the drilling operations thereafter. The well remains at a depth of 7,520 feet. (SGD.) GRISELDA J. G. BAUSA Director Energy Resource Development Bureau

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