SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Feb 14, 2018

2. SEC Identification Number

A200207283

3. BIR Tax Identification No.

006-036-274

4. Exact name of issuer as specified in its charter

P-H-O-E-N-I-X PETROLEUM PHILIPPINES, INC.

5. Province, country or other jurisdiction of incorporation

Davao City

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Stella Hizon Reyes Rd., Bo. Pampanga, Lanang, Davao City Postal Code 8000

8. Issuer's telephone number, including area code

082 235 8888

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares	1,431,538,232
Preferred Shares	25,000,000

11. Indicate the item numbers reported herein

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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.

Phoenix Petroleum Philippines, Inc.PNX

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification of News Article

Source	Business World
Subject of News Report	Phoenix planning to bring FamilyMart to Clark
Date of Publication	Feb 14, 2018

Clarification of News Report
First of all, we would like to clarify that the statements made by the Company’s Chief Operating Officer, Mr. Henry Albert R. Fadullon, as quoted above, were made in response to questions from news reporters on the occasion of the launching of the Pulse Technology, a new formula designed for the upgrade of its fuels products. Nonetheless, we confirm the statements made by Mr. Fadullon pertaining to the expansion of the recently acquired chain of convenience stores, FamilyMart. The Company plans to expand its convenience store operation as a stand-alone business and as complement to the retail station operation. While operations of FamilyMart convenience stores are mostly focused within Metro Manila, the Company plans to expand its operations in Luzon including Clark, Visayas as well as Mindanao. But as Mr. Fadullon explained the focus of operations for the moment will be within the CBD areas in Metro Manila where the Company sees as an opportunity based on identified target customers. On the matter of putting up a bitumen plant in Calaca, Batangas. We likewise confirm that setting up a bitumen plant is a major part of the new business venture entered by the Company with the biggest manufacturer and distributor of bitumen (or asphalt) and bitumen-related products in Thailand, TIPCO Asphalt Public Company Limited. Please note that this is in direct relation to the disclosure we made last January 16, 2018 particularly on the Joint Venture Agreement entered by the Company with TIPCO Asphalt and Carlito B. Castrillo of PhilAsphalt (Dev’t) Corporation to operate, market and distribute bitumen and bitumen-related products in the Philippines. The bitumen plant will be established within the year.
Other Relevant Information
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