Bardoquillo, Sherillyn O.

3:00-4:30 MW August 31, 2017

Trans-Asia Petroleum Corporation

Trans-Asia Petroleum Corporation is a Philippine corporation organized on September
28, 1994 as a wholly-owned subsidiary of Trans-Asia Oil and Energy Development Corporation
both domestically and internationally. On May 31, 2017, the Securities and Exchange Commission
approved the Company's change in name to PHINMA Petroleum and Geothermal, Inc. (PPG). The
Company's primary business is the exploration and production of crude oil and natural gas
through interests in petroleum contracts and through holdings in resource development
companies with interests in petroleum contracts, both domestically and internationally. The
Company has co-contractor in approximately four Service Contracts (SCs) with the Philippine
government.

As of December 31, 2016, Trans-Asia Petroleum Corporation has only 4 regular

employees and 11 Board of Directors wherein 3 of them are independent directors. Updated as of
August 20, 2017, the Company has the same number of employees and 17 Board of Directors
wherein 2 of them are independent directors.

VISION AND MISSION STATEMENT

The PHINMA Group's Mission is to help build our Nation through competitive and well-
managed business enterprises that enable Filipinos to attain a better quality of life. With
professional and effective management as our distinctive edge, we aim to give communities, not
only in the Philippines but wherever else we might find the need, improved access to the
essentials of a dignified life.

In the pursuit of our Mission, we look to our tradition, our experience, our reputation, and above
all, our people, as the principal factors that will enable us to achieve out lofty goals.

The PHINMA Group will demonstrate that private business can mutually serve the needs of
society and the aspirations of shareholders.

CORPORATE VALUES

Integrity

We conduct ourselves in an honest, ethical, and transparent manner. We always seek to do what
is right, even in the face of adversity and uncertainty. We do not tolerate fraud in all its forms,
including corruption, bribery, and abuse. We do what we say we will do and we accept full
responsibility for our decisions and actions.

Professionalism

We deliver the results expected of us by understanding and giving importance to the

requirements of our customers and stakeholders. We foster a positive work environment by
treating everyone with utmost respect and welcoming different view points that allow us to
create better ideas, products, and services.

Patriotism

We proudly express our love for the Philippines through active participation in Nation-building,
respect for and adherence to its laws and regulations, commitment to protect the environment,
and an unflinching belief in the skill, spirit, and resiliency of Filipinos as a people and as world-
class professionals.

Yes, a social mission is present. The company considers its people as one of the principal factors
in achieving their lofty goals. The company is also in service for the society and to its
shareholders as well.

Corporate Social Responsibility

Harnessing Energy Literacy for Planet Earth, or HELP Earth

Harnessing Energy Literacy for Planet Earth, or HELP Earth started with inventiveness
geared towards energy literacy through provision of educational materials and promotion of
environmental protection. It has then evolved into a rounded program focusing on three levels of
engagement: Awareness Education, Strengthening Advocacy, and Empowering Leaders.

As of 2016, HELP Earth Education has expanded to 34 schools in 6 provinces in the

country. HELP Earth Savers Club consisting of 630 members wherein 18 of them are active
memebers are on the process of implementing their own student-driven initiatives for the
environment through PATHS or Positive Actions Through HELP Earth Savers Project.

Brigada Eskwela Project of the Department of Education

Aside from the HELP Earth, the company were able to assist 22 schools providing
volunteers and materials to improve the facilities for children through assisting in the
Department of Education’s Brigada Eskwela Project.
Seedling Preservation, Coastal Clean-up, Mangrove Reforestation and Awareness Drives

PHINMA Energy also remains the preservation of the environment in promoting

indigenous and native seedlings. Aside from seedling preservation, PHINMA also cares the
ecosystem along the coastlines and river ways. The have participated in 5 different coastal and
river clean-ups in different parts of the country, Bulacan, Guimaras, La Union and Subic. As of
now, they are in the process for the collaboration of projects for the marine resources like like
mangrove reforestation and awareness drives.

PHINMA HERO

One of the activities in the PHINMA HERO is the blood-letting campaign, in partnership
with the Philippine Red Cross, held another blood donation drive at PHINMA Plaza. More than
50 people are willing to donate blood even though not all are cleared with an intention to save a
life and desire to make life better. A total of 25 safe and quality blood bags were collected for the
benefit of others.

PHINMA Energy’s livelihood program, Progressive Undertakings for Nation-Building and Life-
Enhancing Advocacies or PUNLA, won in the Social Empowerment category. HELP Earth
Environment, on the other hand, was recognized in the Green Leadership category.

Corporate Governance
The PHINMA group strongly believes that good corporate governance, ethical business
procedures and practices are important in attainment of the goals and objectives of the company
and in pursuance of the company’s mission.

The Integrity Assurance Program (IAP) serves as a guide for the PHINMA group, the
directors and officers together with the employees in making important decisions which is also in
relation to the PHINMA Core Values. It represents PHINMA’s steadfast commitment and
emphasizes its persistent resolve to serve both the aspirations of shareholders and the needs of
society. The IAP has three components: PEOPLE, POLICIES and PROGRAMS. The PEOPLE
refer to the organizational structure that consists of the independent office, the Integrity officer
who is going to report directly to the Board of Directors through the Audit Committee. The
POLICIES consist of standards, rules and regulations that will serve as guidelines across the
PHINMA group especially on ethical issues like Whistleblowing, Insider Trading and Conflict of
Interest. The last component is the PROGRAM which develops the company-based initiatives
which includes the Values Integration Program for our employees and the Vendor Integrity
Program for our business partners.
 To ensure that the IAP is implemented, theer will be independent internal review by
another internal audit team of PHINMA, the PHINMA Group Internal Audit.

On 2016, the PHINMA Group’s Integrity Assurance Program has won the top prize in
the Ethics and Governance category of the Asean Corporate Sustainability Summit and Awards
held at Manila Marriott. Phinma was recognized for its unwavering commitment in upholding
the highest levels of governance and business culture over and beyond compliance needs.

Financial Information
Total Assets P 169, 855, 023
Percentage of Inventory to Current Assets -
Total Liabilities P 1, 012, 303
Equity P170, 867, 326
Net Income P 40, 310, 205
Inventory Turnover -
Profit Margin -
Days of Inventory on Hand -

Monthly Stock Prices for the last 5 years

2012 2013 2014 2015 2016

January 4.20 2.28
February 3.98 1.95
March 4.00 2.28
April 4.10 2.54
May 4.21 3.60
June 10.80 4.00
July 10.80 3.82
August 8.05 8.45 3.70
September 5.90 2.89 3.30
October 5.08 2.35 3.25
November 4.90 2.41 3.15
December 4.91 2.27 3.10

Note: Monthly Stock Prices from year 2012-2013 and January 2014-July 2014 are already not
available.
 Monthly Stock Prices for the last 5 years
12

10

8
2012
6 2013
2014
4
2015
2 2016