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Daily Drilling Bulletin

PSE Circular for Brokers No. 367-98 • Philippine Stock Exchange • Circulars for Brokers • Mar 13, 1998

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March 13, 1998 PSE CIRCULAR FOR BROKERS NO. 367-98 DAILY DRILLING BULLETIN HIPPO 1 WELL (Sandakan Basin, Sulu Sea) Arco Philippines, Inc. completed the installation of the blowout preventer (BOP) stack and is now preparing to conduct a leak-off test to determine the quality of the previous cementing job. The operator will then resume its drilling operations. The well remains at a depth of 7,520 feet. LLphil (SGD.) GRISELDA J. G. BAUSA Director Energy Resource Development Bureau

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