By Jolene Bulambot Cebu Daily News First Posted 08:20:00 03/02/2008
Almost three weeks after the Japan Exploration Company (Japex) pulled out its oil rig from the Tañon Strait, the company has tapped a third party expert to evaluate samples taken beneath the seabed.
It will take two to three months to finish the examination and determine if the Tañon Strait has oil or gas deposits of commercial quantity.
Director Antonio Labios of the Department of Enery (DOE) yesterday said Japex asked a firm in Japan or Australia to conduct independent examination of the drilling samples.
Barkg : Kate-1 spud mid Apr ... thats the 'company maker' for GGX ... and only 6 weeks away!!
SALTY
GGX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held