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Daily Drilling Bulletin

PSE Circular for Brokers No. 477-98 • Philippine Stock Exchange • Circulars for Brokers • Mar 25, 1998

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March 25, 1998 PSE CIRCULAR FOR BROKERS NO. 477-98 DAILY DRILLING BULLETIN HIPPO-I WELL (Sandakan, Basin, Sulu Sea) Arco Philippines, Inc. drilled the well to a depth of 11,898 feet, an advance of 186 feet since yesterday. The operator is currently conditioning the borehole prior to drilling ahead. An average background gas of 75 units was observed within the interval 11,705 to 11,898 feet. (SGD.) GRISELDA J. G. BAUSA Director Energy Resource Development Bureau

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