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Philodrill Corp (OV.PS)

OV.PS on Philippine Stock Exchange

28 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Philodrill corp says it received summons from the National Labor Relation Commission
Monday, 6 Mar 2017 02:10am EST 

Philodrill Corp - : Received "summons" from the National Labor Relation Commission . Summons relative to Navarro's claim for special retirement benefit, profit share, litigation expenses, plus moral and exemplary damages . Company believes these claims are without basis, . Francisco A. Navarro is claiming special retirement benefit of 19.9 million pesos, profit share of 1.4 million pesos , litigation expenses of at least 2.1mln pesos . Navarro claiming moral and exemplary damages amounting to 20 million pesos ."Cannot speculate on adverse effects of proceedings on reputation of co, but will not affect business operations of philodrill".  Full Article

Philodrill announces Galoc Production Company W.L.L. signs rig contract for Galoc-7/7ST
Wednesday, 25 Jan 2017 10:39pm EST 

Philodrill Corp : Galoc JV , through operator Galoc Production Co W.L.L. Signed a binding rig contract with Golden Maritime Corp. Ltd .Contract for the drillship “Deepsea Metro I” to drill the Galoc-7/7st appraisal well.  Full Article

Philodrill says Alfredo C. Ramos will re-assume position as president
Wednesday, 21 Dec 2016 01:56am EST 

Philodrill Corp : Co announces the retirement of its president, Francisco A. Navarro, effective january 1, 2017 . Navarro will remain as a director of the company .Alfredo c. Ramos was re-appointed by the board as president and will assume the position by january 1, 2017.  Full Article

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