AZERSUN HOLDING

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                    [ArticleID] => 296483
                    [Title] => AustralAsian consortium to drill for oil, gas in Palawan
                    [Summary] => The AustralAsian consortium will start drilling for oil and gas reserves in the Northwest Palawan basin before the end of the year, a top official said yesterday. 


"We believe that by using new technology we can produce oil in the field. We feel the area is viable, considering the urgency to find oil," said Rufino Bomasang, chairman of AustralAsian Energy Ltd.


AustralAsian, a wholly-owned subsidiary of Middle East Petroleum Services (MEP), is focused on oil exploration and production in the AustralAsian region, primarily in  the Philippines. 


                    [DatePublished] => 2005-09-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
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                    [ArticleID] => 295958
                    [Title] => AustralAsian shows interest in Malampaya oil prospects
                    [Summary] => AustralAsian Energy Ltd. is set to join other foreign groups keen on  developing the Malampaya oil rim in northwest Palawan.


AustralAsian chairman Rufino Bomasang said the company has been offered by the state-run Philippine National Oil Co.-Exploration Corp. (PNOC-EC) to participate in the development of the oil rim, which is believed to have recoverable oil deposits of  40 million barrels.


PNOC-EC is a member of the consortium holding Service Contract (SC) 38, allowing them to explore oil and gas reserves in Malampaya.


                    [DatePublished] => 2005-09-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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AustralAsian consortium to drill for oil, gas in Palawan

By Rocel Felix | September 13, 2005 - 12:00am

The AustralAsian consortium will start drilling for oil and gas reserves in the Northwest Palawan basin before the end of the year, a top official said yesterday. "We believe that by using new technology we...

Business

AustralAsian shows interest in Malampaya oil prospects

By Rocel Felix | September 10, 2005 - 12:00am

AustralAsian Energy Ltd. is set to join other foreign groups keen on developing the Malampaya oil rim in northwest Palawan. AustralAsian chairman Rufino Bomasang said the company has been offered by the state-run...

Business