PetroEnergy Resources Corp.’s (PetroEnergy) participating stake in Service Contract 14C2 (SC 14C2) in West Linapacan oil field off northwest Palawan has increased to 4.137 percent.

This developed after the Department of Energy (DOE) approved the termination of the stake of Pitkin Petroleum Plc (Pitkin) and RMA West Linapacan Pte Ltd (RMA) in Block C2 of Service Contract 14.

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