New DOE Sec announced. Sec Lotilla (he was Sec before in the mid 2000s under Arroyo admin). Now how does this affect SGC? Well...permits and approvals of course. I imagine he will have his own team of USECs, ASECs and Directors in place in the next month or so. Then they will do their own DD of all the SCs. Still confident that SGC will drill anything offshore Palawan this year?
In addition, still waiting to find out who the new DENR Sec is? And the rest of the environment bunch.
Looks more and more likely that SGC will relinquish and renominate (a la Philodrill and SC6A). SGC are soon to be having no more other options in the Philippines with regards to SC6B. With luck they can somehow keep their claws on 54A and 58.
New DOE Sec announced. Sec Lotilla (he was Sec before in the mid...
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| Open | High | Low | Value | Volume |
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