Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 214053
                    [Title] => PNOC-EDC drills new geothermal well in Leyte
                    [Summary] => The PNOC-Energy Development Corp. (EDC), the geothermal development arm of state-owned Philippine National Oil Co. (PNOC),  has successfully drilled a steam well in Southern Leyte, EDC chairman and president Sergio Apostol said. 


Apostol said the first well drilled in San Juan town will be able to produce five megawatts (MW) of power. 


The new well forms part of the overall plan to put up a 60-MW geothermal plant in Southern Leyte. 


                    [DatePublished] => 2003-07-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 195965
                    [Title] => PNOC-EDC to sell 10% of shares via IPO
                    [Summary] => The PNOC-Energy Development Corp. (EDC) will sell 10 percent of its shares through an initial public offering (IPO) within this year.


PNOC-EDC president Sergio Apostol said the company’s board, in a meeting last Monday gave the go signal for an IPO that is estimated to raise some P10-billion proceeds.


"Rough estimates show that our assets amount to P103 billion, 10 percent of this will be P10 billion," Apostol said, adding that by next week, the company will start selecting a financial advisor that will handle the IPO.


                    [DatePublished] => 2003-02-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 189492
                    [Title] => PNOC-EDC eyes 2 new geothermal wells in Leyte
                    [Summary] => State-owned PNOC-Energy Development Corp. (EDC) has lined up two geothermal wells for drilling in its new project sites on Leyte Island early next year.


"We want to begin 2003 on a proactive note and this early, we are setting our sights on expanding the country’s energy capacity through an aggressive drilling program," EDC chairman and president Sergio Apostol said.


                    [DatePublished] => 2002-12-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 189076
                    [Title] => PNOC unit needs P18B to finance geothermal projects next year
                    [Summary] => The PNOC-Energy Corp. (EDC) is planning to borrow some P18 billion next year to fund its geothermal development projects.


EDC chairman and president Sergio Apostol said the borrowings will depend on the outcome of the studies being conducted on the proposed line-up of projects in 2003.


"We intend to raise funds if our projects prove to be commercially viable," Apostol said.


                    [DatePublished] => 2002-12-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 172473
                    [Title] => PNOC geothermal unit sets P360-M for 4 more wells
                    [Summary] => ORMOC, Leyte – The PNOC-Energy Development Corp. (EDC) expects to spend about P360 million to drill at least four more wells in the Leyte province in the remaining months of this year.


EDC resident manager for the Leyte Geothermal Production Field (LGDF) Wildredo Algopera, told a press briefing here, they are scheduled to drill one well in Kabalian, Southern Leyte in November this year.


                    [DatePublished] => 2002-08-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 151493
                    [Title] => Foreign group to invest $1.2-B in RP oil sector
                    [Summary] => A foreign oil exploration consortium has expressed keen interest in investing up to $1.2 billion on oil and gas exploration projects in the country, PNOC-Energy Development Corp. (PNOC-EDC) president Sergio Apostol said yesterday.


In an interview, Apostol said a consortium composed of Gulf Resources of the US, Unocal and Marubeni Corp. is poised to enter into a joint venture with PNOC-EDC for various oil and natural gas exploration projects.


"They have committed to infuse $1.2-billion worth of investments this year," he said.


                    [DatePublished] => 2002-02-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

MT. LOBI

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 214053
                    [Title] => PNOC-EDC drills new geothermal well in Leyte
                    [Summary] => The PNOC-Energy Development Corp. (EDC), the geothermal development arm of state-owned Philippine National Oil Co. (PNOC),  has successfully drilled a steam well in Southern Leyte, EDC chairman and president Sergio Apostol said. 


Apostol said the first well drilled in San Juan town will be able to produce five megawatts (MW) of power. 


The new well forms part of the overall plan to put up a 60-MW geothermal plant in Southern Leyte. 


                    [DatePublished] => 2003-07-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 195965
                    [Title] => PNOC-EDC to sell 10% of shares via IPO
                    [Summary] => The PNOC-Energy Development Corp. (EDC) will sell 10 percent of its shares through an initial public offering (IPO) within this year.


PNOC-EDC president Sergio Apostol said the company’s board, in a meeting last Monday gave the go signal for an IPO that is estimated to raise some P10-billion proceeds.


"Rough estimates show that our assets amount to P103 billion, 10 percent of this will be P10 billion," Apostol said, adding that by next week, the company will start selecting a financial advisor that will handle the IPO.


                    [DatePublished] => 2003-02-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 189492
                    [Title] => PNOC-EDC eyes 2 new geothermal wells in Leyte
                    [Summary] => State-owned PNOC-Energy Development Corp. (EDC) has lined up two geothermal wells for drilling in its new project sites on Leyte Island early next year.


"We want to begin 2003 on a proactive note and this early, we are setting our sights on expanding the country’s energy capacity through an aggressive drilling program," EDC chairman and president Sergio Apostol said.


                    [DatePublished] => 2002-12-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 189076
                    [Title] => PNOC unit needs P18B to finance geothermal projects next year
                    [Summary] => The PNOC-Energy Corp. (EDC) is planning to borrow some P18 billion next year to fund its geothermal development projects.


EDC chairman and president Sergio Apostol said the borrowings will depend on the outcome of the studies being conducted on the proposed line-up of projects in 2003.


"We intend to raise funds if our projects prove to be commercially viable," Apostol said.


                    [DatePublished] => 2002-12-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 172473
                    [Title] => PNOC geothermal unit sets P360-M for 4 more wells
                    [Summary] => ORMOC, Leyte – The PNOC-Energy Development Corp. (EDC) expects to spend about P360 million to drill at least four more wells in the Leyte province in the remaining months of this year.


EDC resident manager for the Leyte Geothermal Production Field (LGDF) Wildredo Algopera, told a press briefing here, they are scheduled to drill one well in Kabalian, Southern Leyte in November this year.


                    [DatePublished] => 2002-08-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 151493
                    [Title] => Foreign group to invest $1.2-B in RP oil sector
                    [Summary] => A foreign oil exploration consortium has expressed keen interest in investing up to $1.2 billion on oil and gas exploration projects in the country, PNOC-Energy Development Corp. (PNOC-EDC) president Sergio Apostol said yesterday.


In an interview, Apostol said a consortium composed of Gulf Resources of the US, Unocal and Marubeni Corp. is poised to enter into a joint venture with PNOC-EDC for various oil and natural gas exploration projects.


"They have committed to infuse $1.2-billion worth of investments this year," he said.


                    [DatePublished] => 2002-02-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

PNOC-EDC drills new geothermal well in Leyte

July 18, 2003 - 12:00am

The PNOC-Energy Development Corp. (EDC), the geothermal development arm of state-owned Philippine National Oil Co. (PNOC), has successfully drilled a steam well in Southern Leyte, EDC chairman and president Sergio...

Business

PNOC-EDC to sell 10% of shares via IPO

By Donnabelle L. Gatdula | February 19, 2003 - 12:00am

The PNOC-Energy Development Corp. (EDC) will sell 10 percent of its shares through an initial public offering (IPO) within this year. PNOC-EDC president Sergio Apostol said the company’s board, in a meeting...

Business

PNOC-EDC eyes 2 new geothermal wells in Leyte

By Donnabelle L. Gatdula | December 28, 2002 - 12:00am

State-owned PNOC-Energy Development Corp. (EDC) has lined up two geothermal wells for drilling in its new project sites on Leyte Island early next year. "We want to begin 2003 on a proactive note and this early,...

Business

PNOC unit needs P18B to finance geothermal projects next year

By Donnabelle L. Gatdula | December 24, 2002 - 12:00am

The PNOC-Energy Corp. (EDC) is planning to borrow some P18 billion next year to fund its geothermal development projects. EDC chairman and president Sergio Apostol said the borrowings will depend on the outcome...

Business

PNOC geothermal unit sets P360-M for 4 more wells

By Donnabelle L. Gatdula | August 18, 2002 - 12:00am

ORMOC, Leyte – The PNOC-Energy Development Corp. (EDC) expects to spend about P360 million to drill at least four more wells in the Leyte province in the remaining months of this year. EDC resident manager...

Business

Foreign group to invest $1.2-B in RP oil sector

By Donnabelle L. Gatdula | February 22, 2002 - 12:00am

A foreign oil exploration consortium has expressed keen interest in investing up to $1.2 billion on oil and gas exploration projects in the country, PNOC-Energy Development Corp. (PNOC-EDC) president Sergio Apostol...

Business