SWAN Block  (NW Palawan)

(text taken from 2008 Annual Report)

In November 2009, PNOC-Exploration Corporation (PNOC-EC) advised Philodrill that their technical and legal groups continue to evaluate the relavant data that Philodrill had provided PNOC – EC to assess the block’s potential and the merit of Philodrill’s proposed participation in SC 57 and SC 58 blocks.