Can I just have one last post on this header thread: (New...

Can I just have one last post on this header thread:


(New investors presenting here all the time...... Good to see - for newconers this:)

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Paste this address in and you may be a little surprised:

Shows the US$400,000 per day - and 70 man JAPEX oil rig....3 kms off the Cebu shoreline. GGX leases I think extend out about 1 km from the coast, at this point.

http://cebudaily.com/tanon-strait-oil-exploration-positive-prospects-for-cebu-seen-despite-public-debate/

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and

Cebu Daily News
11.02.2008


"...................

........In a meeting between Cebu Governor Gwendolyn Garcia and Japex officials last Friday, the governor was assured that no harm came to the marine environment during the two-month long exploratory drilling.

Mineo Konishita, president of Japex, told reporters that samples from the drilling were already being analyzed to determine if the oil under the strait was commercially viable.

Konishita said the analysis may take months. Japex would coordinate with energy officials in studying the samples, he said.

The Japex president said he was confident that there were oil and gas deposits of good quantities that may be tapped.

Shigehiro Moriya, Japex general manager, said he also believes that there was a big potential for commercially viable oil deposits under the Tañon Strait. But until the scientific analysis on samples is complete, nothing conclusive could be announced.

Moriya said the exploratory drilling reached its target depth of 3,200 meters on January 31.


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