June 17 (Reuters) - Gas2grid Ltd (GGX) :
- ADVISES PHILIPPINE DEPARTMENT OF ENERGY DENIED TIME EXTENSION UNDER FORCE MAJEURE
- PHILIPPINE DOE DENIED CO'S REQUEST TO DELAY UNTIL END OF JULY COMMENCEMENT OF DRILLING OPERATIONS ON NUEVO MALOLOS-1 DEEPENING
- DOE ADVISED CO TO COMMENCE DRILLING OPERATIONS AS PER CONDITIONS OF 2-YEAR EXTENSION, INCLUDING DRILLING NUEVO MALOLOS-1 DEEPENING BY 3RD JULY
- FAILURE TO COMPLY WITH DOE RISKS TERMINATION OF SERVICE CONTRACT; CO WILL CHALLENGE BASIS OF DOE DECISION
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