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Trans-Asia Petroleum Corporation

Company Description
Trans-Asia Petroleum Corporation (TAPET), formerly known as Trans-Asia (Karang Besar) Petroleum Corporation, is a Philippine corporation organized on September 28, 1994 as a wholly-owned subsidiary of Trans-Asia Oil and Energy Development Corporation. The Company's primary business is the exploration and production of crude oil and natural gas through interests in petroleum contracts and through holdings in resource development companies with interests in petroleum contracts.

As of February 23, 2015, TAPET has interests in five oil and gas service contracts (SC), namely: 33.34% in SC 51 in Eastern Visayas; 6.82% in SC 55 in offshore West Palawan; 7.78% in SC 6 Block A in Northwest Palawan; 14.06% in SC 6 Block B also in Northwest Palawan; 50% interest in SC 69 in Camotes Sea, Eastern Visayas; and 10% interest in SC 50 is North Palawan. These contracts are in various stages of studies and drilling.

The Company has a 69.35%-owned subsidiary, Palawan55 Exploration & Production Corporation (Palawan55), an upstream oil and gas company which holds the 6.82% participating interest in SC 55.

Source: SEC Form 17-A (2015)
Security Information
Sector Mining and Oil
Subsector Oil
Corporate Life 50
Incorporation Date 28-Sep-1994
Number of Directors 11
Stockholders' Meeting as per By-Laws Every last Monday of January of each year
Fiscal Year 12/31 (Month/Day)
External Auditor SyCip Gorres Velayo & Co.
Transfer Agent Stock Transfer Services Incorporated
Contact Information
Business Address 11th Floor, The PHINMA Plaza, 39 Plaza Drive Rockwell Center, Makati City 1210
E-mail Address
Telephone Number (632) 870 0130; (632) 870 0100
Fax Number (632) 870 0456; (632) 870 0433