PXP Energy Corporation
...mainit talaga 'tong stock na 'to
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Blog on PXP

https://pixiutrades.wordpress.com/2017/1...t-bounces/

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(10-04-2017, 12:26 PM)jmf Wrote: Blog on PXP

https://pixiutrades.wordpress.com/2017/1...t-bounces/

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bago ito madam

live cat bounce hehe
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(10-04-2017, 10:16 PM)phantom Wrote:
(10-04-2017, 12:26 PM)jmf Wrote: Blog on PXP

https://pixiutrades.wordpress.com/2017/1...t-bounces/

[Image: dcb.png?w=736]

bago ito madam

live cat bounce hehe

imbento ko lang yan phantom Big Grin
ang buhay na pusa mataas tumalon
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ito pa update sa buhay na pusa
https://pixiutrades.wordpress.com/2017/1...ounce-pxp/

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...movement here, be on the watch guys

PXP unit takes new partner for project

A PERUVIAN UNIT of a company controlled by PXP Energy Corp. has taken on a new partner in an offshore exploration project in Peru, the Philippine-listed company told the stock exchange on Wednesday.

PXP Energy cited a disclosure by  Karoon Gas Australia Ltd., which announced the farm out of a 35% interest in offshore exploration Bock Z-38, Tumbes Basin Peru to Tullow Peru Ltd., a wholly owned subsidiary of Tullow Oil plc. 

Pitkin Petroleum Peru Z-38 SRL, a wholly owned subsidiary of Pitkin Petroleum Ltd. (PPL), holds a 25% participating interest in Peru Block Z-38. PXP Energy holds a 53.43% interest in PPL. 

KEI (Peru Z38) Pty Ltd., Sucursal del Peru holds a 40% interest in the offshore exploration joint venture.

“Karoon is excited to welcome a partner with such a long and successful exploration track record into Peru. Tullow is a company, like Karoon, that recognizes the importance of high-impact offshore exploration as a core driver of a company’s future value,” said Robert Hosking, managing director of Karoon, in a disclosure to the Australian Securities Exchange. 

Under the farm-out agreement, Tullow will acquire a 35% interest in the block by funding 43.75% of the cost of the first exploration well, capped at $27.5 million at 100%, beyond which Tullow will pay its 35% share.

Tullow is also to pay $2 million upon completion with a further $7 million payable upon declaration of commercial discovery and submission of a development plan to Perupetro.

The agreement remains subject to the satisfaction of certain licensing conditions and regulatory approvals, the Karoon announcement said. 

“Following completion of the farm-out well, Tullow will have an option to assume operatorship of the block,” it said.

Block Z-38 is located in the Tumbes Basin, next to the oil producing Talara Basin.

“Historically offshore Peru has experienced only limited exploration activity, however 2017 has seen a resurgence of interest and inflow of industry capital looking to test Peru’s exciting offshore potential,” Karoon added.


source: http://bworldonline.com/pxp-unit-takes-n...r-project/
Pls don't follow me....I'm lost too! hehe
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...kaya umangat today

PH, China to discuss joint oil, gas exploration in West PH Sea

The Philippines and China will discuss next month how to implement an agreement on joint oil and gas exploration in the West Philippine Sea, Foreign Secretary Alan Peter Cayetano said on Monday.

Cayetano said the joint venture was one of the issues the Department of Foreign Affairs would take up with its Chinese counterpart during a bilateral forum in Manila next month.

The forum was established last year as a venue to discuss disputes between the two countries in the West Philippine Sea, waters within the Philippines’ 370-kilometer exclusive economic zone in the South China Sea.

“Conceptually we both want it (joint exploration). It was included in the declaration during the visit of
Chinese Premier (Li Keqiang) and Philippine President (Duterte)” in November last year, Cayetano told reporters on Monday.

“The next step is to discuss it probably in the bilateral [forum],” he added.

Both sides will seek to arrive at an agreement that will conform to both Philippine law and Chinese law “as long as territorial rights will not be discussed,” Cayetano said.

He said the two sides would look at similar agreements in other disputed areas around the world.

“We will never compromise our national territory. But [on] sovereign rights … you can talk. [It means] that area belongs to you but since you do not have the financial or technical capability to develop it, you get a partner,” he added.


source: http://globalnation.inquirer.net/163437/...est-ph-sea
Pls don't follow me....I'm lost too! hehe
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Seems that the insiders are buying ahead of the pack. Abangan.
Trading stocks is never a sure thing. Please do your own homework before pressing the button.

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As I was saying...
Trading stocks is never a sure thing. Please do your own homework before pressing the button.

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