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Forum Energy, a UK oil and gas exploration company which is majority owned by businessman Manuel V. Pangilinan, will undertake seismic studies in the disputed Recto Bank in offshore Palawan while waiting for the government’s go-signal for actual drilling works to start, Pangilinan said late Monday.

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                    [Title] => Forum Energy to extend Recto Bank plan
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The Department of Energy (DOE) will allow Forum Energy to extend its work program in the disputed Recto Bank, noting that the company needs more time to drill the area due to geopolitical tensions with China.

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                    [Title] => MVP sees start of exploration at Recto Bank
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Businessman Manuel V. Pangilinan expressed hopes that fresh talks between Philex Mining Corp.’s Forum Energy plc and China’s state-owned oil producer China National Offshore Oil Co. Ltd. (CNOOC) would finally pave the way for exploratory works in the disputed Recto Bank in the West Philippine Sea.

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Apex Mining Co. Inc, one of the country’s leading gold producers, registered a net income of P85.8 million for the first nine months of 2012, compared to the same period last year when it generated a net loss of P19.5 million.

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MONTE ORO RESOURCES AND ENERGY INC

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The Department of Energy (DOE) will allow Forum Energy to extend its work program in the disputed Recto Bank, noting that the company needs more time to drill the area due to geopolitical tensions with China.

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Businessman Manuel V. Pangilinan expressed hopes that fresh talks between Philex Mining Corp.’s Forum Energy plc and China’s state-owned oil producer China National Offshore Oil Co. Ltd. (CNOOC) would finally pave the way for exploratory works in the disputed Recto Bank in the West Philippine Sea.

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abtest

Forum Energy prepares for Recto Bank drilling

By Iris Gonzales | October 29, 2014 - 12:00am

Forum Energy, a UK oil and gas exploration company which is majority owned by businessman Manuel V. Pangilinan, will undertake seismic studies in the disputed Recto Bank in offshore Palawan while waiting for the...

Business

Forum Energy to extend Recto Bank plan

By Iris Gonzales | June 12, 2014 - 12:00am

The Department of Energy (DOE) will allow Forum Energy to extend its work program in the disputed Recto Bank, noting that the company needs more time to drill the area due to geopolitical tensions with China.

Business

MVP sees start of exploration at Recto Bank

By Iris Gonzales | October 28, 2013 - 12:00am

Businessman Manuel V. Pangilinan expressed hopes that fresh talks between Philex Mining Corp.’s Forum Energy plc and...

Business

Apex gets additional capital

August 29, 2013 - 12:00am

Two mining companies are raising their stake in listed miner Apex Mining Co. Inc., enabling it to raise funds for expansion of production capacity.

Business

Apex Mining nets P85.8M in 9 months

December 3, 2012 - 12:00am

Apex Mining Co. Inc, one of the country’s leading gold producers, registered a net income of P85.8 million for the first nine months of 2012, compared to the same period last year when it generated a net loss...

Business

Philex Mining to provide bulk of oil search arm's financing needs

By Neil Jerome C. Morales | April 9, 2012 - 12:00am

Pangilinan-led Philex Petroleum Corp. will source the bulk of its financing requirement for exploration from its parent firm Philex Mining Corp.

Business

Monte Oro eyes P2-billion loan for National Grid Corp venture

By Donnabelle L. Gatdula | March 18, 2009 - 12:00am

Monte Oro Grid Resources Corp. (MOGRC), the lead member of the consortium – currently operating the country’s power transmission highway, will secure a P2-billion loan from its mother firm A. Brown Co....

Business

New TransCo owner gets 25-year franchise

By Zinnia B. Dela Peña | December 6, 2008 - 12:00am

The bill granting the National Grid Corp.

Business