Article: PHILIPPINES PITKIN PETROLEUM TO DRILL ANOTHER OIL, GAS WELL IN VIETNAM.

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 ...

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