PXP to move Cadlao drilling to next year

By Ed Paolo Salting

Jun 22, 2023 12:23 am

OIL firm PXP Energy Corp. (PXP Energy) is deferring the start of drilling of the Cadlao-4 oil well to 2024.

PXP Energy President and Director Daniel Stephen Carlos told stockholders on Wednesday that the decision was due to the current macroeconomic situation and volatile oil prices.

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