Salen and Amoco at Reed Bank confirmed by electric log the estimate that 90% they have hit oil. They will bring up the oil by drill stem test on Friday the 30th of July.
If we have hit oil, then the drilling is a back to back jackpot. And this makes the whole area an “oil province.”
I also inaugurated or blessed and commissioned four new vessels the Phil. Navy—the RPS [Republic of the Philippines Ship] Sultan Kudarat, a Weather Heavy Endurance Cutter (No. 7). The RPS Lakandula, a Destroyer Escort Radar (No. 4) and a Patrol Ship and a AAR 100 the first three from military sales from the United States and the last from reparations.
They are meant for the Palawan Command to meet contingencies in the Continental Shelf—but in a defensive manner.
No Official Gazette entry for this day.
It is unknown where this text comes from, because this entry is missing.