Polyard-8 Well, the fifth appraisal well of Polyard Petroleum International Group's SC49 project in the Philippines, completed the drilling on November 30, 2016 at the total depth of 1026m and conducted well logging later on. According to on-site interpretation on the logging result, multiple oil layers have been discovered. At the current stage, cementing has completed and oil testing will soon start. The well will later turn into a production well.

Dated: Nov. 31st, 2016