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Daily Drilling Bulletin

PSE Circular for Brokers No. 495-98 • Philippine Stock Exchange • Circulars for Brokers • Mar 26, 1998

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March 26, 1998 PSE CIRCULAR FOR BROKERS NO. 495-98 DAILY DRILLING BULLETIN HIPPO-1 WELL (Sandakan Basin, Sulu Sea) Arco Philippines, Inc. drilled the well to a depth of 12,150 feet, an advance of 262 feet since yesterday. The operator is currently conditioning the borehole prior to conducting log surveys. Gas readings recorder while drilling consist of C1 (Methane), C2 (Ethane), C3 (Propane), C4 (Butane) and C5 (Pentane). llcd (SGD.) GRIZELDA J. G. BAUSA Director Energy Resource Development Bureau

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