Tips Philippine Stock Market: http://tipsphilippinestockmarket.blogspot.com/ Cosco Capital, Inc. ring the bell ceremony of his listing anniversary. Cosco Capital Inc. (COSCO), formerly Alcorn Gold Resources Corporation, was originally incorporated on January 19, 1988 as Alcorn Petroleum and Minerals Corporation with the primary purpose of engaging in the exploration, development and production of oil and gas, and metallic and non-metallic reserves in partnership with other companies or in its individual capacity. On January 13, 2000, the Securities and Exchange Commission (SEC) approved the amendment of the Company's primary purpose from an oil and mineral exploration and development corporation into a holding company. On April 22, 2013, the SEC approved the change in corporate name from Alcorn Gold Resources Corporation to the present one. COSCO participates as a major or minor partner in several consortia exploring for oil in various petroleum concession areas. The concession areas are found in offshore and onshore areas of Palawan, the Visayas region, and the island of Mindanao. Among the Company's oil interests is Service Contract 14 (SC 14) North West Palawan, which is considered as the largest oil discovery in the Philippines' petroleum exploration history, with more than 48 million barrels of oil produced from its wells. However, in December 1995, the consortium decided to temporarily suspend production operations in the West Linapacan Oilfields of SC 14 due to high production costs, low production levels and low prevailing price of oil. Since the oil production suspension, COSCO had no principal products or services for the past three years indicating the relative contributions to sales or revenues of each product or service. The Company also holds two approved Exploration Permits for gold and copper properties located in Albay and Iloilo. Add & Follow Me : Google+ : https://plus.google.com/105823360794687673276/posts Facebook : https://www.facebook.com/edw.baynosa Twitter : https://twitter.com/edwbaynosa SUBSCRIBE for more update video : http://www.youtube.com/subscription_center?add_user=papercoinagevideo

• published: 26 Sep 2013
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