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Article: PHILIPPINES PITKIN PETROLEUM TO DRILL ANOTHER OIL, GAS WELL IN VIETNAM.
- Article from:
- AsiaPulse News
- Article date:
- October 16, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MANILA, Oct 16 Asia Pulse - Philex Mining Corp., said that Pitkin Petroleum Plc., where it has 20 per cent stake, is drilling a second well in its oil and gas discovery in Vietnam.
The Texas-headquartered Pitkin has also scheduled to conduct a seismic survey on its Philippine service contract 53 in Mindoro Island.
In a disclosure to the Philippine Stock Exchange, Philex said that, following the oil and gas discovery announced in June 2009 on Vietnam Block 07/03, Pitkin has completed a 3D (three dimension) seismic survey to define the resource potential of the discovery and that of adjacent structures.
Pitkin said the program recorded a total of ...