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PXP Energy Corporation
|PXP Energy Corporation (PXP), formerly Philex Petroleum Corporation, was incorporated on December 27, 2007. PXP's primary business is the exploration and production of crude oil and natural gas, through interests in petroleum contracts and holdings in resource development companies with interests in petroleum service contracts (SC). On August 8, 2016, the Securities and Exchange Commission approved the change in name to the present one.
PXP has interests in various petroleum SCs in the Philippines and Peru held directly and through 53.43% interest in Pitkin Petroleum Limited (PPL) and 67.19% interest Forum Energy Limited (FEP). PPL is an international upstream oil and gas company registered in the United Kingdom with operations in Peru. PPL has 25% participating interest in Peru Block Z-38 located in offshore Tumbes Basin. FEP has: 70% operating interest in SC 72 Recto Bank which covers the Sampaguita natural gas discovery in offshore West Palawan; 100% operating interest in SC 40 North Cebu; and minority interests in the SC 6 and SC 14 sub-blocks in offshore Northwest Palawan, including a 2.27% interest in the producing Galoc field.
The Company owns 100% of Brixton Energy & Mining Corporation (BEMC), a coal mining company which operated coal operating contract (COC) 130 in Zamboanga Sibugay in Mindanao until September 2013. On January 6, 2014, BEMC finalized agreements for the assignment of COC 130 to Grace Coal Mining and Development, Inc. which was approved by the Department of Energy on May 27, 2015.
Source: SEC Form 17-A (2015)/Disc. Nos. 1198/5139-2016
|Sector||Mining and Oil|
|Incorporation Date||Jul 19, 1995|
|Number of Directors||9|
|Stockholders' Meeting as per By-Laws|
|Fiscal Year||12/31 (Month/Day)|
|External Auditor||SyCip, Gorres, Velayo & Company|
|Transfer Agent||Banco de Oro Unibank, Inc. - Trust Banking Group|
|Business Address||2/F, LaunchPad Reliance corner Sheridan Streets, Mandaluyong City|
|Telephone Number||(632) 631-1381 to 88|
|Fax Number||633-3242; 634-4441|