$26.3-Trillion Oil Reserves

[crisxahia]

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Something our government needs to think about, we need to hasten out AFP modernization particularly our Navy to protect our "mountains of gold". Oil reserves that are waiting to be tapped within our WPS. Click on link to view full article.. God Bless our country!


MANILA, Philippines- The Philippines is “sitting on a mountain of gold,” with untapped hydrocarbon deposits estimated at $26.3 trillion, mostly found in the disputed Spratly chain of islands, more than enough to free the country from the shackles of poverty.

Brig. Gen. Eldon G. Nemenzo, deputy commander of the 3rd Air Division of the Philippine Air Force (PAF) based in Zamboanga City, made the discovery after researching on the amount of oil reserves of the country for his thesis when he took an advanced course at the Command and Staff College of the PAF in Villamor Air Base, Pasay City.

Interviewed by this writer last Saturday, Nemenzo confirmed the vast oil reserves of the Philippines in various parts of the archipelago, specifically the Reed Bank, the largest of them all, and the Mischief Reef in the Spratly Islands called by the Philippines as the Kalayaan Island Group (KIG).

“The Philippines is like a blind beggar sitting on a mountain of gold. Within the country’s 200-mile Exclu¬sive Economic Zone (EEZ) are potential recoverable hydrocarbon deposits worth an estimated US$26.3 trillion. More than enough to lift the country from the centuries long morass of poverty and underdevelopment,” Nemenzo said

$26.3-Trillion Oil Reserves | The Manila Bulletin Newspaper Online

[darkhero]

let's not forget to read between the lines para di maalaan nga gullible.

[Sparrow Unit]

Dong kung tinuod man gani ni atong maid ani puhon mga amerkana unya atong houseboy kay arabo.

[raphz]

dont expect too much of it. our CORRUPT GOV'T OFFICIALS will double or perhaps triple their CORRUPT EFFORTS!!!!

[Lue_123]

pagkadako anang kwartaha,og tinuod man gani na mayna i apod2 sa tagsa2 ka pamilya tibuok pilipinas kato mga legitemate aron makatilaw pod tawn ming mga wala...jejejeje

[reptoid]

@ Raphz

Lol... we really do expect that our leaders will steal at every opportunity... so sad that things have come to this.

[wak_wak]

@reptoid
mao lagi bai, every time na naay in ani, corruption dayun, pwede edrill sa nato ang oil then unya na istoryaan ang corruption.. wala pa gani na hatch ang egg, fried chicken naman dayun..

[reptoid]

It might be a good idea to invite proposals from US oil companies. It's a good bet that America would welcome such a deal and afford us the same military protection that saved Kuwait.

[sizzlingROBOT]

@ Brig. Gen. Eldon G. Nemenzo. You don't have to say a lot of BS that we need help from advancing Chinese. You just say it straight and simple. They/we understand.

[omniknight]

dont expect too much of it. our CORRUPT GOV'T OFFICIALS will double or perhaps triple their CORRUPT EFFORTS!!!!

Haay, if I know bayran napud na sila sa foreign investors para mga foreigners napud mag tag-iya sa mga na himo na oil rigs.