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

38683

3. BIR Tax Identification No.

000-315-612-000

4. Exact name of issuer as specified in its charter

The Philodrill Corporation

5. Province, country or other jurisdiction of incorporation

Metro Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

8/F Quad Alpha Centrum, 125 Pioneer St., Mandaluyong City Postal Code 1550

8. Issuer's telephone number, including area code

(02) 631-8151

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	191,868,805,358

11. Indicate the item numbers reported herein

Item 9

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.

The Philodrill CorporationOV

PSE Disclosure Form 4-26 - Legal Proceedings References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Petition for Review filed by Mr. Francisco A. Navarro before the Department of Justice (DOJ) on the Resolution of the complaints for False Testimony in Other Cases and Perjury in Solemn Affirmation against Reynaldo E. Nazarea (Nazarea) and Isabelita L. Matela (Matela).
Background/Description of the Disclosure
Mr. Francisco A. Navarro filed a Petition for Review with the DOJ seeking reversal of the Resolution, penned by Assistant City Prosecutor Marjoseph M. Hernandez, Office of the City Prosecutor of Mandaluyong City, dismissing the complaint for False Testimony in Other Cases and Perjury in Solemn Affirmation filed against Reynaldo E. Nazarea (Nazarea) and Isabelita L. Matela (Matela).

Name of the court or agency in which the proceedings are pending	Office of the City Prosecutor, Mandaluyong City/Department of Justice
Date Instituted	Sep 6, 2017
Docket Number	XV-06-INV-17H-05696

Principal Parties
Francisco A. Navarro – Complainant Reynaldo E. Nazarea, Isabelita L. Matela – Respondents
Nature and description of the legal proceedings
Mr. Navarro filed the case False Testimony in Other Cases and Perjury in Solemn Affirmation in connection with the Counter-Affidavits filed by the respondents herein, in an earlier case for Falsification of Documents filed by Mr. Navarro before the City Prosecutor of Mandaluyong City.
The effect(s) on the Issuer's business or operations, if any
The Company believes his claim is without basis, as the original complaint for Falsification of Documents from where this second complaint emanates, has been dismissed for lack of probable cause. While we cannot speculate on the adverse effects of the proceedings on the reputation of the Company and its Director and Officers, this however, will not affect the business of the Company.
Other Relevant Information
Earlier disclosure is amended to update the status of the case as provided under Subject of the Disclosure and Background/Description of the Disclosure