ENEX Energy Corp
PPSE:ENEX3.49
PHP
+0.24
(+7.38%)
ISIN
PHY1001C1037
CUSIP
Y1001C103
Return %
Stock
S&P 500
1Y
-8.16
14.20
3Y
-42.60
81.12
5Y
-81.78
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- John Eric T. Francia
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- Makati City Philippines
- IPO Date
- Aug 28, 2014
- Website
- enexor.com.ph
- Similar Companies
- Business
- ENEX Energy Corp., formerly known as ACE Enexor, Inc., is an energy exploration, development, and production company headquartered in Makati City, Philippines. Founded in 1994 and operating as a publicly listed subsidiary of ACEN Corporation, the energy platform of the Ayala Group, the company specializes in upstream petroleum ventures, offshore resource appraisal, and transition energy projects. ENEX Energy Corp. focuses on identifying and developing indigenous energy resources to serve power generation providers, industrial consumers, distribution utilities, and the broader Philippine wholesale electricity market. The company offers and manages a portfolio of upstream exploration assets, technical field evaluations, and resource development capabilities, comprising: deepwater petroleum and natural gas exploration and appraisal services; subsea geological and geophysical mapping, 3D seismic interpretation, and reservoir characterization; upstream concession holding and consortium administration across Philippine Petroleum Service Contracts (SCs); offshore exploration operatorship services through its majority-owned subsidiary, Palawan55 Exploration & Production Corp., primarily covering Service Contract 55 (SC 55) in the Southwest Palawan Basin; non-operating working interests in petroleum exploration blocks, including Service Contract 6 Block B in Northwest Palawan, Service Contract 51 in the East Visayan Basin, and Service Contract 69 in the Central Visayan Basin; and project evaluation, feasibility engineering, and site assessment for transition power generation infrastructure. In recent developments, the company rebranded from ACE Enexor, Inc. to ENEX Energy Corp. to reflect a strategic focus on energy transition and sustainable resource development. In upstream operations, the Philippine Department of Energy granted an 18-month extension on drilling commitments for Service Contract 55, where offshore operations remain under force majeure due to geopolitical complexities in the West Philippine Sea. In power infrastructure, ENEX Energy Corp. terminated development plans for its proposed 1,100-megawatt combined-cycle gas turbine project under Batangas Clean Energy, Inc., a 50-50 joint venture with Gen X Energy, following strategic reassessments linked to power offtake procurement and equity syndication. To optimize its capital structure and resolve accumulated equity deficits, the company completed a major financial restructuring that included converting outstanding shareholder advances from parent company ACEN Corporation into equity and issuing redeemable preferred shares to strengthen financial flexibility.