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)

Jan 6, 2026

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

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

8. Issuer's telephone number, including area code

+63286311381

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

Mandaluyong City

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	2,390,243,903
Debt	104,753,000

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
Execution of Petroleum Service Contract (SC) No. 88 (Galoc Field)
Background/Description of the Disclosure
PXP Energy Corporation (the “Company”), through its subsidiary Forum Energy Philippines Corporation (“FEPCO”), wishes to inform the Exchange that the Department of Energy (“DOE”) has transmitted to the Operator the original copy of the executed Petroleum Service Contract (“SC”) 88. SC 88 covers the former SC 14C-1 Galoc field, following its expiry on 17 December 2025, and allows the consortium to continue petroleum operations and optimize the recovery of remaining reserves in the Galoc field area. SC 88 was executed on 18 December 2025 between the Republic of the Philippines and the consortium composed of NPG Pty. Ltd. (Operator), The Philodrill Corporation, and FEPCO. The SC covers an offshore area of approximately 83,450 hectares in the Northwest Palawan Basin. The DOE transmittal, dated 05 January 2026, signifies the formal effectivity of SC 88 and was issued for proper safekeeping and implementation. The Company notes that Galoc is a mature and depleting field, as previously disclosed. However, the execution of SC 88 provides a framework to extend operations and maximize value from remaining resources, subject to technical and commercial considerations. Further disclosures will be made should any subsequent developments relating to SC 88 become material.
Other Relevant Information
About PXP Energy Corporation PXP is an upstream oil and gas company incorporated in the Philippines whose shares are listed on the Philippine Stock Exchange. For further information, please contact: Mark H. Rilles Finance Controller PXP Energy Corporation Telephone: (632) 8631-1381 Email: [email protected]