The Department of Environment and Natural Resources Grants the Clearance to Mines and Geosciences Bureau Central Office to Approve and Convert the EXPA No. 248-XIII in Libjo, Dinagat Islands of Oriental Petroleum and Minerals Corporation to an Exploration Permit

Oriental Petroleum and Minerals Corporation informed the Exchange that the Department of Environment and Natural Resources (DENR) has granted the clearance to Mines and Geosciences Bureau Central Office (MGB CO) to approve and convert the EXPA No. 248-XIII in Libjo, Dinagat Islands (with total area of 358 hectares) of Oriental Petroleum and Minerals Corporation (OPMC) to an Exploration Permit. March 12, 2024, OPMC formally accepted and signed the EP in the MGB CO at North Avenue, Diliman, Quezon City.

Originally, in 2022, OPMC submitted applications to the MGB-Regional Office No. III for five (5) areas in Zambales which were already designated by MGB Regional Office No. III as EXPAs.

Moreover, one (1) out of two (2) areas in Dinagat Island was also designated by MGB Regional Office No. XIII as EXPA No. 248-XIII.