CR07301-2016

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended
Sep 30, 2016
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 or organization
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
(632) 631-1381
9. Former name or former address, and former fiscal year, if changed since last report
PHILEX PETROLEUM CORPORATION, 27 Brixton Street, Pasig 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 1,700,000,000
Debt 2,931,698,907
11. Are any or all of registrant's securities listed on a Stock Exchange?
Yes
No
If yes, state the name of such stock exchange and the classes of securities listed therein:
Philippine Stock Exchange, Common shares
12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes
No
(b) has been subject to such filing requirements for the past ninety (90) days
Yes
No

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 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended Sep 30, 2016
Currency (indicate units, if applicable) Php Thousands
Balance Sheet
Period Ended
Fiscal Year Ended (Audited)
Sep 30, 2016 Dec 31, 2016
Current Assets 625,695 670,289
Total Assets 7,304,736 7,228,180
Current Liabilities 2,955,578 2,946,908
Total Liabilities 4,268,387 4,260,932
Retained
Earnings/(Deficit)
(1,259,509) (1,233,205)
Stockholders' Equity 3,036,349 2,967,248
Stockholders' Equity - Parent 625,382 583,009
Book Value per Share 0.36 0.34
Income Statement
Current Year
(3 Months)
Previous Year
(3 Months)
Current Year-To-Date
Previous Year-To-Date
Operating Revenue 19,167 22,057 78,354 105,509
Other Revenue 5,856 27,596 4,961 37,381
Gross Revenue 25,023 49,653 83,315 142,890
Operating Expense 32,023 81,798 122,228 261,063
Other Expense 892 - - -
Gross Expense 32,915 81,798 122,228 261,063
Net Income/(Loss) Before Tax (7,892) (32,145) (38,913) (118,173)
Income Tax Expense (12) (1) (457) (36)
Net Income/(Loss) After Tax (7,880) (32,144) (38,465) (18,137)
Net Income Attributable to
Parent Equity Holder
(4,510) (17,182) (26,304) (65,884)
Earnings/(Loss) Per Share
(Basic)
-0.02 -0.02 -0.02 -0.04
Earnings/(Loss) Per Share
(Diluted)
-0.02 -0.02 -0.02 -0.04
Other Relevant Information

Please see attached report.

Filed on behalf by:
Name Mark Raymond Rilles
Designation Finance Manager