Saturday, February 10, 2018

The Philodrill Corporation (OV)

This posting may contain out of date contents.
For the updated or exact information, you should check edge.pse.com.ph or their official website.

1. Company Information
Company Name
The Philodrill Corporation (OV)
Sector
Mining and Oil
Incorporation Date
Jun 26, 1969
Subsector
Oil
Number of employees
28 (Group Total)
Board of Directors
Chairman: Alfredo C. Ramos
Website / E-mail
http://www.philodrill.com / info@philodrill.com
2. Stock Information
Total Assets
3,634,139,305
Market Capitalization
2,302,425,664.30
Total Liabilities
70,762,954
Outstanding Shares
191,868,805,358
Retained Earnings
1,821,652,993
Listed Shares
191,868,805,358
Listing Date
Sep 22, 1969
Issued Shares
191,868,805,358
Board Lot
100,000
Free Float Level (%)
47.74%
Par Value
0.01
Foreign Ownership Limit
40%
3. Major Stock Holders (common shares)
National Bookstore, Inc.
Alakor Corporation
Anglo Phil. Holdings Corp.
08.72%
08.72%
34.32%
4. Company Descriptions and Business Development
Notes
1. Related companies: APO, AT, UPM, VUL and National Book Store.
2. Alfredo C. Ramos is the husband of Presentacion S. Ramos.
Gerard Anton S. Ramos, Adrian S. Ramos and Maureen Alexandra Ramos-Padilla are siblings, sons and daughter of Alfredo C. Ramos and Presentacion S. Ramos.
Overview
It is engaged in oil, gas, and mineral exploration and development. The Company's active petroleum projects cover production and exploration areas in offshore Palawan and onshore Mindoro under various service contracts with the Philippine government through the Department of Energy. The consortium completed a total of ten (10) crude shipments (1,982,467 barrels) from the three fields in 2016, all with Pilipinas Shell Petroleum Corporation under a renewed yearly crude sale and purchase agreement. It has interests in various Service Contracts (SCs) such as SC 14C1 (Galoc), 14C2 (West Linapacan), 6A (Octon), 6B (Bonita), 41 (Sulu Sea), 53 (Onshore Mindoro), 74 (Linapacan) and Swan Block (Deepwater Northwest Palawan).


Business
Revenue contribution in 2016
Petroleum revenues
358,688,000
100%

Subsidiaries / Associates / Affiliates / Joint Ventures
Penta Capital Investment Corporation (40%) is an investment house which holds equity interest in companies that are engaged in finance, investment holdings and realty.
Penta Capital Holdings Inc. (13.12%)

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