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)

Jul 18, 2024

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

8th Floor Quad Alpha Centrum Bldg., 125 Pioneer St. Mandaluyong City Postal Code 1550

8. Issuer's telephone number, including area code

(02) 8631-8151 to 52

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	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 4-30 - 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
DOE approval of Service Contract (SC) No. 74 - Notice of Surrender
Background/Description of the Disclosure
Please be advised that the DOE has approved the surrender of SC No. 74, where Philodrill is a JV Partner with 25% participating interest. In an email correspondence we received today, we were provided with a copy of the DOE letter which stated that: "We refer to PXP's letter dated 13 December 2023 informing the Department of Energy (DOE) of the surrender of Service Contract (SC) No. 74. As stated in PXP's letter, no drillable prospects have been identified in the contract area, leading the Joint Venture Consortium - comprised of PXP, The Philodrill Corporation, and PNOC-Exploration Corporation (the "Contractors") - to decide to surrender the service contract. Based on DOE's review and evaluation, we confirm that the Contractors have complied with their reportorial obligations. However, there remains an outstanding scholarship commitment under the DOE's Energy Iskolar ng Bayan Program. The DOE is currently finalizing the renewal of its Memorandum of Agreement with Palawan State University, the intended beneficiary of scholarship commitment under SC No. 74. In view thereof, the DOE hereby approves the Contractor's relinquishment of SC No. 74, subject to the settlement of the remaining scholarship commitment in the amount of Fifty-Five Thousand US Dollars ($55,000.00). The Contractors are directed to abandon the contract area and restore all sites that may have been affected by any petroleum operations." Philodrill will comply with the DOE directive thru the operator of SC 74.
Other Relevant Information
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