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)

Mar 29, 2019

2. SEC Identification Number

CS200719819

3. BIR Tax Identification No.

006-940-588-000

4. Exact name of issuer as specified in its charter

PXP ENERGY CORPORATION

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

2/F LaunchPad, Reliance cor. Sheridan St., Mandaluyong City Postal Code 1550

8. Issuer's telephone number, including area code

026311381

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	1,960,000,000
Debt	159,049,675

11. Indicate the item numbers reported herein

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.

PXP Energy CorporationPXP

PSE Disclosure Form 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Mutual Cancellation Agreement
Background/Description of the Disclosure
This refers to the Subscription Agreement dated 26 October 2018, as amended on 26 December 2018 (the “Agreement”), between PXP Energy Corporation (the “Company” or “PXP”) and Dennison Holdings Corporation (“Strategic Investor”), under the terms of which PXP agreed to issue, and the Strategic Investor agreed to subscribe to, 340,000,000 Common Shares of the Company for the total aggregate amount of Php4,029,000,000.00 or a Subscription Price of Php11.85 per share (“Subscription Price”), subject to other terms and conditions as provided in the Agreement. The issuance of and subscription to the PXP shares are subject to the fulfillment of certain conditions. In particular, the Agreement provided that the Strategic Investor will be entitled to all rights of a shareholder only upon full payment of the Subscription Price. We would like to inform the Exchange that on 29 March 2019, the Company and the Strategic Investor mutually agreed to terminate the Agreement effective 29 March 2019 (the “Effective Date”). On Effective Date, all rights of the Strategic Investor to subscribe to the aforesaid Common Shares of the Company, and any obligation of the Company to issue such shares to the Strategic Investor, are terminated without any residual rights of any kind remaining with the Strategic Investor. Accordingly, all other rights of the Company under the Agreement are terminated, including the right to receive payment of the remaining balance of the Subscription Price. The cancellation of the Agreement does not affect the funding obligations of the Company in respect of its various service contracts this year. Finally, the Company relinquished any and all Preferential Rights granted under the Preferential Rights Agreement dated 26 October 2018 among P-H-O-E-N-I-X Petroleum Philippines, Inc., PXP, and the Strategic Investor following the termination of the Agreement.
Other Relevant Information
Please see attached