link below to a stratigraphic column in the SC52 Cagayan block,...

link below to a stratigraphic column in the SC52 Cagayan block, where the Nassiping-2 re-entry is about to take place. it indicates that the well has gas shows and is in the Cagayan formation with shales and sands. the shales are classed as a source rock. This may be the sames sorts of shales that are being chased by the shale-gas guys in australia/US....

also shown is a map with the Nassiping well on it - Nassiping-1 was a well with both oil and gas shows.

all they need is a few 100'000 scf/d and it'll probably be economic. even better with some liquids


http://www.ccop.or.th/epf/philippines/basin_pdf/cagayan/Cagayan_Stratigraphy.pdf

http://www.doe.gov.ph/PECR2006/Petroleum%20PECR%202007/8.0%20MAPS/8.5%20Well%20Location%20Map/8.5a%20Area%201%20-%20Well%20Location%20Map.pdf