C00304-2017 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common | 2,560,118,512 |
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Subject of the Disclosure |
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Update on Drilling Operations |
Background/Description of the Disclosure |
The Consortium composed of Basic Energy Corporation and Phinma Energy Corporation reported that exploratory drilling under the Mabini Geothermal Project has reached a depth of 1,125.8 meters. Drilling operations will continue up to the target depth of 1500 meters. Subject to evaluation of drilling results, well testing operations will be conducted subsequently on the well. |
Other Relevant Information |
See attached SEC Form 17-C and email letter from Mr. Ariel Fronda, Chief Geothermal Energy Corporation approving disclosure |
Name | Angel Gahol |
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Designation | AVP - Asst. Corp. Sec./ Compliance Officer |