LIHIR MANAGEMENT CORP

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                    [ArticleID] => 395389
                    [Title] => PNOC-EDC net profit drops 32% to P6.78B  in 2006
                    [Summary] => 


State-owned PNOC-Energy Development Corp. (PNOC-EDC) reported a 32 percent drop in net income for 2006 due to lower foreign exchange gains.


In a disclosure to the Philippine Stock Exchange (PSE), PNOC-EDC said its net earnings declined to P6.78 billion from P9.91 billion as foreign exchange gains last year reached only P2.88 billion, from P6.4 billion in 2005.


PNOC-EDC’s forex gains contributed 32.3 percent of total revenue in 2006 compared to 46 percent in 2005.


                    [DatePublished] => 2007-04-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
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                    [ArticleID] => 325077
                    [Title] => PNOC’s geothermal unit eyes projects in Argentina, Australia
                    [Summary] => State-owned Philippine National Oil Co.-Energy Development Corp. (PNOC-EDC) is eyeing Australia and Argentina as potential international geothermal development markets, a ranking company official said.


PNOC-EDC vice president for technical services Manuel Ogena said they are currently negotiating with the governments of the two countries for possible geothermal development projects.


Aside from these two potential markets, Ogena said PNOC-EDC has recently bagged contracts with the Iranian government.


                    [DatePublished] => 2006-03-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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PNOC-EDC net profit drops 32% to P6.78B in 2006

By Donnabelle L. Gatdula | April 20, 2007 - 12:00am

State-owned PNOC-Energy Development Corp. (PNOC-EDC) reported a 32 percent drop in net income for 2006 due to lower foreign exchange gains. In a disclosure to the Philippine Stock Exchange (PSE), PNOC-EDC...

Business

PNOC’s geothermal unit eyes projects in Argentina, Australia

By Donnabelle L. Gatdula | March 9, 2006 - 12:00am

State-owned Philippine National Oil Co.-Energy Development Corp. (PNOC-EDC) is eyeing Australia and Argentina as potential international geothermal development markets, a ranking company official said. PNOC-EDC...

Business