The Company has been involved in the acquisition, exploration, development, financing and management of various types of petroleum and mineral properties in the Philippines and abroad since 1998. It has actively participated in various oil exploration drilling projects in different petroleum areas in the Philippines and in Gabon, West Africa.
Alcorn owns participating interests in various petroleum contract areas in offshore NW Palawan. It has major shares in oil exploration projects located in East Visayas and East Mindanao. It also holds the rights to explore, develop and exploit a cement property in Leyte and a gold property in Agusan del Sur.
Alcorn Gold Resources Corporation
PSE:APM ISIN:PHY003911054
News
Otto Energy Limited (ASX:OEL)(PINK:OTTEF) advises that Galoc Production Company (GPC) has entered into an agreement to acquire an additional 1.55% working interest in the Galoc Oil Field (Service Contract 14 Block C1). This acquisition increases GPC's working interest in the Galoc Field from 58.29% to 59.84%. As a result Otto's indirect interest in the Galoc Project will increase by 0.49% to 18.77%.
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