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Trans-Asia Oil and Energy Development Corporation - Company Profile Snapshot

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Company Profile: Trans-Asia Oil and Energy Development Corporation
Ticker: TA
Exchanges: OTH
2008 Sales: 1,571,900,000
Major Industry: Oil, Gas, Coal & Related Services
Sub Industry: Exploration, Drilling Service & Equip
Country: PHILIPPINES
Employees: 78

Business Description
Trans-Asia Oil and Energy Development Corporation. The Group's principal activity is providing commercially exploitable subsurface deposits of oil and gas through geological, geophysical and drilling techniques. The Group's principal products are crude oil and natural gas. Crude oil is usually sold at market price in its natural state at the wellhead after removal of water and sediments. Depending on the location of the oil field, the oil produced may be transported via offshore tankers and/or pipeline refinery. Natural gas may be flared, reinjected to the reservoir for pressure maintenance, or sold, depending on the volume of reserves and other considerations. Natural gas is commonly transported by pipeline. The Group has mineral exploration located in Benguet, Surigao del Norte, Surigao del Sur, Agusan del Norte and Agusan del Sur all in the Philippines.

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