Trans-Asia Petroleum (TAPET) Corp.’s stake in Service Contract 6 Block A located off northwest Palawan has reverted to 7.78 percent following regulatory approval of a reassignment of participating interests.
In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, TAPET said it was advised by the SC 6 Block A operator that the Department of Energy (DOE) has approved the re-assignment of participating interests to the farmors.
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