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Petroleum Service Contracts

Participating Interests:as of October 31, 2016

Service Contract 6-A (Octon Area)

  • 51.650% - The Philodrill Corporation
  • 16.670% - PetroEnergy Resources Corporation
  • 11.110% - Anglo Philippine Holdings Corporation
  • 7.780% - TransAsia (TPC)
  • 5.560% - Forum Energy Philippines Corporation
  • 5.560% - Philex Petroleum
  • 1.670% - Alcorn (APMC)

Service Contract 6-B (Bonita Area)

  • 28.125% - Phoenix Gas & Oil
  • 21.875% - The Philodrill Corporation
  • 14.063% - TransAsia (TPC)
  • 14.063% - Oriental Petroleum
  • 7.812% - Nido Petroleum
  • 7.031% - Forum Energy Philippines Corporation
  • 7.031% - Alcorn (APMC)

Service Contract 14-A (Nido Area)

  • 42.940% - Oriental Petroleum
  • 26.106% - The Philodrill Corporation
  • 22.486% - Nido Petroleum
  • 8.468% - Forum Energy Philippines Corporation

Service Contract 14-B (Matinloc Area)

  • 41.608% - The Philodrill Corporation
  • 28.283% - Nido Petroleum
  • 17.703% - Oriental Petroleum
  • 12.406% - Forum Energy Philippines Corporation

Service Contract 14-B1 (North Matinloc Area)

  • 33.111% - The Philodrill Corporation
  • 27.772% - Oriental Petroleum
  • 19.463% - Forum Energy Philippines Corporation
  • 13.551% - Alcorn (APMC)
  • 6.103% - TransAsia (TPC)

Service Contract 74 (Linapacan Area)

- Interest and operatorship transfer to Philex/PXP approved by DOE on April 25, 2016

  • 70.000% - PXP Energy
  • 25.000% - The Philodrill Corporation
  • 5.000% - PNOC-EC

Service Contract 14-C1 (Galoc Area)

  • 33.00000% - GPC WLL
  • 26.84473% - GPC (Kupfec)
  • 22.87952% - Nido Petroleum
  • 7.78505% - Oriental Petroleum / Logpocor
  • 7.21495% - The Philodrill Corporation
  • 2.27575% - Forum Energy Philippines Corporation

Service Contract 14-C2 (West Linapacan Area)

- farmout to Pitkin and RMA WL terminated by DOE; interests reverted back to Filipino farmors

  • 30.288% - Oriental Petroleum / Logpocor
  • 28.070% - The Philodrill Corporation
  • 22.279% - Nido Petroleum
  • 9.103% - Forum Energy Philippines Corporation
  • 6.123% - Alcorn (APMC)
  • 4.137% - PetroEnergy Resources

Service Contract 14-D (Retention Block)

  • 33.751% - The Philodrill Corporation
  • 31.417% - Nido Petroleum
  • 20.829% - Oriental Petroleum
  • 8.168% - Forum Energy Philippines Corporation
  • 5.835% - Alcorn (APMC)

Tara Block

  • 27.500% - The Philodrill Corporation
  • 22.500% - TransAsia (TPC)
  • 22.500% - Phoenix Gas & Oil
  • 10.000% - Oriental Petroleum
  • 10.000% - Forum Energy Philippines Corporation
  • 5.000% - Seafront
  • 2.500% - Anglo Philippine Holdings

Service Contract 53 (Onshore Mindoro)

- transfer of interest previously held by Pitkin to Mindoro-Palawan Oil approved by DOE - 2016 Oct 24

  • 70.000% - MPOGI
  • 22.000% - The Philodrill Corporation
  • 5.000% - Anglo Philippine
  • 3.000% - Basic Consolidated

SWAN Block (NW Palawan)

- negotiating for Philodrill's participation in SC#57 and SC#58

  • 33.578% - Anglo Philippine
  • 32.975% - The Philodrill Corporation
  • 15.941% - Forum Energy Philippines Corporation
  • 12.578% - Vulcan Industrial
  • 3.303% - South China
  • 1.625% - Southwest

Sulu Sea (formerly Service Contract #41

- Philodrill submitted a joint bid with Philex Petroleum

  • PECR4 Area 15