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Petroleum Service Contracts

Participating Interests:as of February 1, 2021

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% - PXP Energy Corporation
  • 1.670% - Alcorn Petroleum and Mineral Corporation

Service Contract 6-B (Bonita Area) (see Notes 1 & 2)

  • 70.000% - Manta Oil
  • 17.4546% - The Philodrill Corporation
  • 4.9092% - Oriental Petroleum and Minerals Corporation
  • 2.7270% - Nido Petroleum Phils. Pty., Ltd.
  • 2.4546% - Forum Energy Philippines Corporation
  • 2.4546% - Alcorn Petroleum and Mineral Corporation

Service Contract 14-A (Nido Area)

  • 42.940% - Oriental Petroleum and Mierals Corporation
  • 26.106% - The Philodrill Corporation
  • 22.486% - Nido Petroleum Phils. Pty., Ltd.
  • 8.468% - Forum Energy Philippines Corporation

Service Contract 14-B (Matinloc Area)

  • 41.608% - The Philodrill Corporation
  • 28.283% - Nido Petroleum Phils. Pty., Ltd.
  • 17.703% - Oriental Petroleum
  • 12.406% - Forum Energy Phils. Corporation

Service Contract 14-B1 (North Matinloc Area)

  • 33.111% - The Philodrill Corporation
  • 27.772% - Oriental Petroleum and Minerals Corporation
  • 19.463% - Forum Energy Phils. Corporation
  • 13.551% - Alcorn Petroleum and Mineral Corporation
  • 6.103% - AC Energy Phils. Inc.

Service Contract 74 (Linapacan Area)

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

Service Contract 14-C1 (Galoc Area) (see Note 3)

  • 33.00000% - Galoc Production Company WLL
  • 45.82683% - Nido Petroleum Galoc Pty. Ltd
  • 7.78505% - Oriental Petroleum and Minerals Corp. / Linapacan Oil and Gas Power Corporation
  • 10.17782% - The Philodrill Corporation
  • 3.21030% - Forum Energy Phils. Corporation

Service Contract 14-C2 (West Linapacan Area)

  • 30.288% - Oriental Petroleum and Minerals Corp. / Linapacan Oil and Gas Power Corporation
  • 28.070% - The Philodrill Corporation
  • 22.279% - Nido Petroleum Pty. Ltd.
  • 9.103% - Forum Energy Phils. Corporation
  • 6.123% - Alcorn Petroleum and Mineral Corporation
  • 4.137% - PetroEnergy Resources Corporation

Service Contract 14-D (Retention Block)

  • 33.751% - The Philodrill Corporation
  • 31.417% - Nido Petroleum Phils. Pty. Ltd
  • 20.829% - Oriental Petroleum and Minerals Corporation
  • 8.168% - Forum Energy Philippines Corporation
  • 5.835% - Alcorn Petroleum and Mineral Corporation

Tara Block

  • 50.000% - The Philodrill Corporation
  • 22.500% - AC Energy Phils. Inc.
  • 10.000% - Oriental Petroleum and Minerals Corporation
  • 10.000% - Forum Energy Philippines Corporation
  • 5.000% - Seafront Resources Corporation
  • 2.500% - Anglo Philippine Holdings Corporation

Service Contract 53 (Onshore Mindoro) (see Note 4)

  • 81.48% - The Philodrill Corporation
  • 18.52% - Anglo Philippine Holdings Corporation

SWAN Block (NW Palawan) (see Note 6)

  • 33.578% - Anglo Philippine Holdings Corporation
  • 32.975% - The Philodrill Corporation
  • 15.941% - Basic Consolidated
  • 12.578% - Vulcan Industrial and Mining Corporation
  • 3.303% - South China Resources Corporation
  • 1.625% - Southwest

Sulu Sea (formerly Service Contract #41) (see Note 5)

  • PCECP Area 7
    • The Philodrill Corporation
    • PXP Energy Corporation

Notes:

  1. Interest assignment to Manta Oil approved by DOE on 17 October 2019
  2. Inclusion of Cadlao PLC to SC6B approved by DOE on 14 March 2018
  3. GPC 2 (Kufpec) withdrawal in 14 Septemebr 2020 resulted in realignment of interest. GPC and Oriental did not take their pro-rata interest.
  4. Motion for Reconsideration was approved by the DOE on 11 January 2021
  5. Philodrill submitted a joint bid with PXP Energy in August 2019
  6. Negotiating for Philodrill's participation in SCs 57 and 58