MARKET HEADLINE: SHORT SELLING BY OCTOBER

PXP Energy Corporation
#1
BUSINESS PROFILE

Philex Petroleum Corporation (PXP) was incorporated on December 27, 2007 as a wholly-owned subsidiary of Philex Mining Corporation. Its primary business is the exploration and production of crude oil, natural gas, and coal through interests in petroleum contracts and through holdings in resource development companies with interests in petroleum and coal contracts.

The Company?s interests in various petroleum service contracts and one coal service contract in the Philippines are held directly and through its subsidiaries, Forum Energy plc (FEP) and Brixton Energy & Mining Corporation (BEMC). PPC has a 64.45% controlling interest (held directly and indirectly) in FEP, which is a UK incorporated oil and gas exploration and production company with focus on the Philippines. FEP has: (a) a 70% interest in Service Contract (SC) 72 Recto Bank (formerly Reed Bank) which contains the Sampaguita natural gas discovery in offshore west Palawan, held through Forum (GSEC 101) Limited, (b) a 66.67% interest in SC 40 North Cebu held through Forum Exploration, Inc., and © and various minority interests in SC 6 Cadlao and SC 14 Offshore Northwest Palawan including a 2.27% interest in the producing Galoc field, held through Forum Energy Philippines Corporation. The Company owns 100% of BEMC, which is a coal mining company currently operating Coal Operating Contract 130 in Zamboanga Sibugay, Northern Mindanao.

The Company also owns 18.46% of Pitkin Petroleum Plc (Pitkin) and 10.31% of PetroEnergy Resources Corporation (PERC). Pitkin is a UK-incorporated international oil and gas exploration and production company with assets in the Philippines, Peru, Vietnam and the United States. PERC is an oil and gas exploration and production company, with interests in producing offshore oil fields in Gabon, West Africa and petroleum service contracts in the Philippines.

Source: Company Prospectus (2011)


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the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
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#2
Posted on September 05, 2011 10:06:32 PM
Philex Petroleum readies Sept. 12 listing on PSE


PHILEX PETROLEUM Corp., a unit of Philex Mining Corp., will list 1.7 billion common shares on Sept. 12, with 35% to be distributed as dividends, a listing prospectus showed yesterday.

http://www.bworldonline.com/content.php?...E&id=37768
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
Reply
#3
wala bang limit ito?!
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
Reply
#4
good morning boss Ollie, wala bang ceiling price kapag LBI? Huh is this another BW in the making? ehehe Big Grin
"“You can’t cross a sea by merely staring into the water.” -Rabindranath Tagore
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#5
pwede ng ishort hehe
the key to trading success is to focus on how much money is at risk, not how much money you can make.

trading is simple, but it's not easy. if you want to stay in the business, leave hope at the door, focus on specific setups, and stick to your stops.
Reply
#6
good morning boss Ollie! wala bang ceiling to?
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#7
hehe congrats sa mga nakabili sa 3.00, wala ako neto. just watching the surge. ingat na lang un iba. Smile
"“You can’t cross a sea by merely staring into the water.” -Rabindranath Tagore
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#8
8.00 na lang? ba't ambiles? guys hindi ko alam kung meron o walang ceiling to-its hehehe ingats ha?
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#9
bakit walang limit?
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#10
(09-12-2011, 10:02 AM)aidz Wrote: good morning boss Ollie, wala bang ceiling price kapag LBI? Huh is this another BW in the making? ehehe Big Grin

i think someone forgot to hit the breaks? Big Grin PSE should have some good explanation about this.
"“You can’t cross a sea by merely staring into the water.” -Rabindranath Tagore
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