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BRIEF-Phinma Petroleum And Geothermal Says Expects To Complete Studies On An Area Off Palawan Shores In Next 2 Months

Published 09/20/2019, 03:00 PM
Updated 09/20/2019, 03:10 PM
BRIEF-Phinma Petroleum And Geothermal Says Expects To Complete Studies On An Area Off Palawan Shores In Next 2 Months

Sept 20 (Reuters) - Phinma Petroleum and Geothermal Inc
PPG.PS :
* CONFIRMS CO EXPECTS TO COMPLETE IN NEXT 2 MONTHS STUDIES
ON AN
AREA OFF PALAWAN SHORES
* CONFIRMS ESTIMATED BUDGET, SHOULD CO PROCEED TO DRILL, IS
AROUND
$30-$40 MILLION
* CO HOLDS SERVICE CONTRACT THAT SHOWS POTENTIAL FOR GAS
EXPLORATION IN AN AREA OFF PALAWAN SHORES

Source text for Eikon: ID:nPSX3JCRMl
Further company coverage: PPG.PS

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