On 6 March 2018, Polyard-9 Well, the sixth appraisal well of SC49 project in South Cebu, Philippines has completed second section drilling to the depth of 860 meters. Oil testing will follow. 

     Polyard-9 Well successfully spudded in at 9:00 on 24 February 2018. After 9 days and 15.5 hours, Polyard-9 Well completed drilling at 860 meters at 00:30 on 6 March 2018 and well logging commenced on 7 March 2018.
 

    According to the well logging interpretation conducted on 11 March 2018, the total thickness of oil and gas intervals is 78.1 meters, including 39.1 meters of oil zone and 39.0 meters of gas zone. 

Dated: March 13th, 2018