PHOENIX PETROLEUM PHILIPPINES, INC. Head Office: Phoenix Bulk Depot, Lanang, Davao City 8000 Telefax: 082- 235-8888

Manila Office: Unit A, 7th Flr. ACT Tower, Sen. Gil Puyat Ave., Salcedo Village, Makati City 1227 Telefax: 02-750-1686 www.phoenixphilippines.com

07 July 2008 Ms. Justina F. Callangan Director, Corporate Finance Department Securities & Exchange Commission EDSA, Greenhills Mandaluyong City Atty. Pete M. Malabanan Head, Disclosure Department Philippine Stock Exchange PSE Center, Exchange Road Ortigas, Pasig City Madam/Sir: Pursuant to the rules, we would like to submit herein the report of our stock transfer agent on the Top 100 Stockholders of our Company for the period ended June 30, 2008 in relation to the detailed report submitted and obtained from the Philippine Depository Trust Corp. (PDTC) Thank you and best regards. Very truly yours, Atty. Socorro Ermac Cabreros Corporate Secretary

COMPANY NAME : PHOENIX PETROLEUM PHILS., INC. Page 1LIST OF TOP 100 STOCKHOLDERSAs Of June 30, 2008

OUTSTANDING & OUTSTANDING & TOTAL PERCENTAGEISSUED SHARES ISSUED SHARES HOLDINGS TO

STOCKHOLDER'S NAME (FULLY PAID) (PARTIALLY PAID) (SUBSCRIBED) TOTAL NATIONALITY ADDRESS

PHOENIX PETROLEUM HOLDINGS INC. 78500000 0 78500000 54.138 FILIPINO STELLA HIZON REYES ROAD, BO. PAMPANGA, LANANG, DAVAO CITY 8000PCD NOMINEE CORPORATION - (FILIPINO) 34009900 0 34009900 23.455 FILIPINO 37/F TOWER I, THE ENTERPRISE CENTER, 6766 AYALA AVE., COR PASEO DE ROXASUDENNA CORPORATION (FORMERLY: UDENNA HOLDINGS CORPORATION) 19749995 0 19749995 13.621 FILIPINO STELLA HIZON REYES ROAD, BO. PAMPANGA, LANANG, DAVAO CITY 8000UDENNA MANAGEMENT & RESOURCES CORP. 5000000 0 5000000 3.448 FILIPINO STELLA HIZON REYES ROAD, BO. PAMPANGA, LANANG, DAVAO CITY 8000PCD NOMINEE CORPORATION - (NON-FILIPINO) 4267900 0 4267900 2.943 OTHERS 37/F TOWER I, THE ENTERPRISE CENTER 6766 AYALA AVE. COR. PASEO DE ROXAS,PAUL GERARD B. DEL ROSARIO 1751200 0 1751200 1.208 FILIPINO RM. 306 CITY TOWERS COND. 810 AURORA BLVD. Q.C. 1100DENNIS A. UY 618000 0 618000 0.426 FILIPINO PENTHOUSE B, VALERO TOWER, 122 VALERO ST., SALCEDO VILLAGE,NICHOLAS DANOY DY 505000 0 505000 0.348 FILIPINO 1105 FILIPINAS AVE., WEST INSULAR LANANG, DAVAO CITYUDENCO CORPORATION 249999 0 249999 0.172 FILIPINO STELLA HIZON REYES ROAD BO. PAMPANGA, LANANGDENNIS A. UY &/OR CHERYLYN C. UY 170000 0 170000 0.117 FILIPINO PHOENIX BULK DEPOT LANANG, DAVAO CITY 8000DOMINGO T. UY 100001 0 100001 0.069 FILIPINO MISAMIS ST. INSULAR VILLAGE, PHASE II LANANG, DAVAO CITY 8000EDGARDO ALVARADO ALERTA 20000 0 20000 0.014 FILIPINO 1037-I ARELLANO EXT., DAVAO CITY 8000 ORLANDO LANSANGAN 20000 0 20000 0.014 FILIPINO BLOCK 8, LOT 1 VS HOMES SUBDIVISION GENERAL SANTOS CITY 9500LEO M. BERNALDEZ 8000 0 8000 0.006 FILIPINO C/O PAG-IBIG FUND INVESTMENT DEPT RM 407 4/F ATRIUM BLDG. MAKATI AVE. MAKATI 1200SOCORRO ERMAC CABREROS 5001 0 5001 0.003 FILIPINO 223 V. MAPA ST. DAVAO CITY 8000 ALBERTO D. ALCID 5000 0 5000 0.003 FILIPINO DONA SOCORRO ST. BELISARIO HTS. SUBD. LANANG, DAVAO CITY 8000REBECCA PILAR CLARIDAD CATERIO 5000 0 5000 0.003 FILIPINO 65 WEST SQUARE ST. MARGARITA VILLAGE BAJADA, DAVAO CITY 8000SANDRA ELECERIO PARRA 5000 0 5000 0.003 FILIPINO PHOENIX PETROLEUM PHILS., INC. PHOENIX BULK DEPOT, LANANG, DAVAO CITY 8000STEPHEN T. TEO &/OR TERESITA R. TEO 5000 0 5000 0.003 FILIPINO 23 DJAKARTA STREET, BF HOMES, PARAÑAQ4ELEOPOLDO B. BUGAL 2000 0 2000 0.001 FILIPINO 41 MIRAGE ST. VILLAGE EAST EXEC. HOMES CAINTA, RIZAL 1900DULCE MARIA S. OLIVA 1000 0 1000 0.001 FILIPINO 81 K-10TH STREET, EAST KAMIAS Q.C. 1102 ELNORA N. TURNER 1000 0 1000 0.001 FILIPINO 7746-E J.B. ROXAS ST. MAKATI CITY 1206PHILIP TURNER 1000 0 1000 0.001 BRITISH 7746-E J.B. ROXAS ST. MAKATI CITY 1206 J.V. EMMANUEL A. DE DIOS 1 0 1 0.000 FILIPINO 95 A. MELCHOR ST. LOYOLA HEIGHTS QUEZON CITY 1108RICARDO S. PASCUA 1 0 1 0.000 FILIPINO 16 SOLAR ST. BEL-AIR III, MAKATI CITY 1209MONICO V. JACOB 1 0 1 0.000 FILIPINO C/O PHOENIX PETROLEUM PHILIPPINES, INC., PHOENIX BULK DEPOT LANANG 8000JOSE MANUEL R. QUIMSON 1 0 1 0.000 FILIPINO 28 OSMENA ST. XAVIERVILLE III LOYOLA HEIGHTS, QUEZON CITY 1108

GRAND TOTAL 145000000 0 145000000

Certified true and correct:

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 1 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B101AC A & A Securities, Inc. Y HOUSE 3,776,000 Rm. 1906 Ayala Ave. Condominium 6776 Ayala Ave., Makati City 1200 --------------- Total 3,776,000 B102AC Abacus Securities Corporation Y HOUSE 963,000 Unit 2904-A East Tower, PSE Centre Exchange Road, Ortigas Center Pasig City 1600 --------------- Total 963,000 B102AP Abacus Securities Corporation Y HOUSE 300,800 Unit 2904-A East Tower, PSE Centre Exchange Road, Ortigas Center Pasig City 1600 --------------- Total 300,800 B103AC ACCORD CAPITAL EQUITIES CORPORATION Y HOUSE 506,400 Unit 1101 Orient Square Building Emerald Avenue Ortigas Center Pasig City 1600 --------------- Total 506,400 B103AP ACCORD CAPITAL EQUITIES CORPORATION Y HOUSE 80,300 Unit 1101 Orient Square Building Emerald Avenue Ortigas Center, Pasig City 1600 --------------- Total 80,300

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 2 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B103FC ACCORD CAPITAL EQUITIES CORPORATION Y HOUSE 156,000 Unit 1101 Orient Square Building Emerald Avenue Ortigas Center, Pasig City 1600 --------------- Total 156,000 B106AC ALPHA SECURITIES CORP, Y HOUSE 209,000 UNIT 2305, 23/F THE ORIENT SQUARE BLDG. F. ORTIGAS ST.(FORMERLY EMERALD AVE) ORTIGAS CENTER, PASIG CITY 1200 --------------- Total 209,000 B109AC BA Securities, Inc. Y FREE 235,000 Rm 401-403 CLMC Bldg, 256-259 EDSA Greenhills Mandaluyong City 1550 --------------- Total 235,000 B110AC Angping & Associates Securities, Inc. Y HOUSE 1,799,600 Suites 2002/2004, The Peak, 107 Alfaro St., Salcedo Village, Makati City 1227 --------------- Total 1,799,600 B111AC Ansaldo, Godinez & Co., Inc. Y HOUSE 88,000 340 Nueva St., Binondo Manila 1006 --------------- Total 88,000

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 3 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B112AC AB CAPITAL SECURITIES, INC. Y FREE 523,000 5/F Phinma Plaza 39 Plaza Drive, Rockwell Center Makati City 1200 --------------- Total 523,000 B112AP AB CAPITAL SECURITIES, INC. Y FREE 41,000 5/F Phinma Plaza 39 Plaza Drive, Rockwell Center Makati City 1200 --------------- Total 41,000 B113AC Sarangani Securities, Inc. Y HOUSE 10,000 5/F APMC Building 136 Amorsolo St., Legaspi Village, Makati City 1229 --------------- Total 10,000 B115AC SB Equities, Inc. Y HOUSE 737,800 18/F, Security Bank Centre 6776 Ayala Avenue, Makati City 1226 --------------- Total 737,800 B116AC Asia Pacific Capital Equities & Securities Corporation Y HOUSE 53,800 24/F Galleria Corporate Center EDSA corner Ortigas Avenue, Pasig City 1605 --------------- Total 53,800 B118AC Asiasec Equities, Inc. Y HOUSE 6,000

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 4 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units 7/F Diners Club Center, 114 Valero St., Salcedo Village, Makati City 1227 B118AC Asiasec Equities, Inc. --------------- 7/F Diners Club Center, 114 Valero St., Salcedo Village, Makati City 1227 Total 6,000 B119AC Astra Securities Corporation Y HOUSE 160,000 Units 1204-1205 Ayala Tower One Ayala Ave. cor. Paseo de Roxas Makati City 1200 --------------- Total 160,000 B120AC ATC Securities, Inc. Y HOUSE 25,000 Unit 1015-1016 Tower One Ayala Triangle, Ayala Ave. Makati City 1226 --------------- Total 25,000 B122AC Belson Securities, Inc. Y HOUSE 258,000 4th Floor Belson House 271 Edsa, Mandaluyong City 1554 --------------- Total 258,000 B123AC Benjamin Co Ca & Co., Inc. Y HOUSE 238,000 Rm. 301 Downtown Ctr Bldg., 516 Quintin Paredes St., Binondo, Manila 1006 --------------- Total 238,000

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 5 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B124AC B. H. Chua Securities Corporation Y HOUSE 595,800 872 G. Araneta Avenue, Quezon City 1135 --------------- Total 595,800 B125AC Jaka Securities Corporation Y HOUSE 73,000 Unit 814, Ayala Tower I Ayala Ave., Makati City 1226 --------------- Total 73,000 B126AC BPI Securities Corporation Y HOUSE 868,500 8/F BPI Head Office Bldg., Ayala Ave.,cor.Paseo de Roxas Makati City 1226 --------------- Total 868,500 B126FC BPI Securities Corporation Y HOUSE 9,000 8/F BPI Head Office Bldg., Ayala Ave.,cor.Paseo de Roxas Makati City 1226 --------------- Total 9,000 B128AC Campos, Lanuza & Company, Inc. Y HOUSE 47,200 Unit 2003B East Tower, PSE Center Exchange Road, Ortigas Center Pasig City 1605 --------------- Total 47,200 B128FC Campos, Lanuza & Company, Inc. Y HOUSE 2,000

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 6 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units Unit 2003B East Tower, PSE Center Exchange Road, Ortigas Center Pasig City 1605 B128FC Campos, Lanuza & Company, Inc. --------------- Unit 2003B East Tower, PSE Center Exchange Road, Ortigas Center Pasig City 1605 Total 2,000 B129AC Sincere Securities Corporation Y HOUSE 236,000 1203-A East Tower, PSE Centre, Exchange Road, Ortigas Center, Pasig City 0 --------------- Total 236,000 B130AC Century Securities Corporation Y HOUSE 27,000 1105 Galleria Corporate Center Ortigas Ave., Quezon City 1600 --------------- Total 27,000 B131AC PCIB Securities, Inc. Y HOUSE 72,000 8/F PCIB Tower 2, Dela Costa St., Makati City 1002 Y PSI FAO PRULI063 10,000 --------------- Total 82,000 B133AC CITISECURITIES, INC. Y HOUSE 744,400 Rm. 2701-B Tektite Tower Center Exchange Rd, Pasig City 1600 --------------- Total 744,400

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 7 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B133AP CITISECURITIES, INC. Y HOUSE 6,000 Rm. 2701-B Tektite Tower Center Exchange Rd, Pasig City 1600 --------------- Total 6,000 B133FC CITISECURITIES, INC. Y HOUSE 26,000 Rm. 2701-B Tektite Tower Center Exchange Rd, Pasig City 1600 --------------- Total 26,000 B136AC Triton Securities Corp. Y HOUSE 146,000 26/F LKG Tower, 6801 Ayala Ave. Makati City 0 --------------- Total 146,000 B140AC IGC Securities INC. Y HOUSE 91,000 Suite 1006, Tower I & Exchange Plaza Ayala Triangle, Ayala Avenue Makati City 1200 --------------- Total 91,000 B141AC Cualoping Securities Corporation Y HOUSE 12,000 Suite 1801 Tytana Centre Condominium Plaza Lorenzo Ruiz, Binondo, Manila 1006 --------------- Total 12,000 B143AC DAVID GO SECURITIES CORP. Y HOUSE 8,000 Rm. 309 Federation Center Bldg.

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 8 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units Muelle de Binondo, Binondo, Manila 1006 B143AC DAVID GO SECURITIES CORP. --------------- Rm. 309 Federation Center Bldg. Muelle de Binondo, Binondo, Manila 1006 Total 8,000 B143FC DAVID GO SECURITIES CORP. Y HOUSE 2,000 Rm. 309 Federation Center Bldg. Muelle de Binondo, Binondo, Manila 1006 --------------- Total 2,000 B145AC DIVERSIFIED SECURITIES, INC. Y HOUSE 110,000 5/F PDCP Bank Centre Herrera cor. Alfaro Sts., Salcedo Village, Makati City 1600 Y FREE 23,000 --------------- Total 133,000 B145AP DIVERSIFIED SECURITIES, INC. Y FREE 1,000 5/F PDCP Bank Centre, Herrera cor. Alfaro Sts., Salcedo Village, Makati City 1600 --------------- Total 1,000 B145FC DIVERSIFIED SECURITIES, INC. Y HOUSE 2,000 5/F PDCP Bank Centre Herrera cor. Alfaro Sts., Salcedo Village, Makati City 1600 ---------------

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 9 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B145FC DIVERSIFIED SECURITIES, INC. Total 2,000 5/F PDCP Bank Centre Herrera cor. Alfaro Sts., Salcedo Village, Makati City 1600 B147AC E. CHUA CHIACO SECURITIES, INC. Y HOUSE 814,400 113 Renta St., Binondo, Manila 1006 Y FREE 5,000 --------------- Total 819,400 B147FC E. CHUA CHIACO SECURITIES, INC. Y HOUSE 6,000 113 Renta St., Binondo, Manila 1006 --------------- Total 6,000 B149AC East West Capital Corporation Y HOUSE 3,000 2/F U-Bix Building 1331 Angono St., Makati City 1208 --------------- Total 3,000 B150AC EASTERN SECURITIES DEVELOPMENT CORPORATION Y HOUSE 215,000 1701 Tytana Ctr. Bldg, Binondo, Manila 1006 --------------- Total 215,000 B153AC EQUITIWORLD SECURITIES, INC. Y HOUSE 23,000 807-809 Philippine Stock Exchange Ayala Tower 1, Ayala Avenue Makati City 1226

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 10 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B153AC EQUITIWORLD SECURITIES, INC. --------------- 807-809 Philippine Stock Exchange Ayala Tower 1, Ayala Avenue Makati City 1226 Total 23,000 B154AC Evergreen Stock Brokerage & Sec., Inc. Y HOUSE 46,000 Rm. 606 Ayala Tower I Ayala Triangle, Ayala Ave. Makati City 1200 --------------- Total 46,000 B157AC FIRST ORIENT SECURITIES, INC. Y HOUSE 42,000 Unit 1201 Ayala Triangle Tower One Ayala Avenue, Makati City 1226 --------------- Total 42,000 B159AC First Integrated Capital Securities, Inc. Y HOUSE 41,000 Units 1211-1212 Tower I & Exchange Plaza, Ayala Ave. Cor. Paseo de Roxas, Makati City 1200 --------------- Total 41,000 B161AC FRANCISCO ORTIGAS SECURITIES, INC. Y HOUSE 8,000 10/F Ortigas Building Ortigas Ave, Pasig City 1600 --------------- Total 8,000 B162AC F. Yap Securities, Inc. Y HOUSE 115,100

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 11 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units Unit 2301 PSE Center (East Tower) Exchange Rd., Ortigas Center Pasig City 1603 B162AC F. Yap Securities, Inc. --------------- Unit 2301 PSE Center (East Tower) Exchange Rd., Ortigas Center Pasig City 1603 Total 115,100 B167AC Aurora Securities, Inc. Y HOUSE 305,000 Rm. 1504, Horizon Condominium Meralco Ave., Ortigas Center Pasig City 1600 --------------- Total 305,000 B168AC Globalinks Securities & Stocks, Inc. Y HOUSE 400,900 # 706 Ayala Tower One Ayala Avenue Cor. Paseo de Roxas St. Makati City 1226 --------------- Total 400,900 B168AP Globalinks Securities & Stocks, Inc. Y HOUSE 400 # 706 Ayala Tower One Ayala Avenue Cor. Paseo de Roxas St. Makati City 1226 --------------- Total 400 B169AC JSG Securities, Inc. Y HOUSE 10,000 4th Floor, A&T Building, 244 Escolta Street, Binondo, Manila 1006

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 12 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B169AC JSG Securities, Inc. Y PESENGCO 15,000 4th Floor, A&T Building, 244 Escolta Street, Binondo, Manila 1006 --------------- Total 25,000 B170AC GOLDSTAR SECURITIES, INC. Y HOUSE 139,500 2201-B East Tower, PSE Centre Exchange Rd, Ortigas Center Pasig City 1600 Y FREE 4,000 --------------- Total 143,500 B172AC Guild Securities, Inc. Y FREE 13,000 Unit 1215 Tower One & Exchange Plaza Ayala Ave., Makati City 1226 --------------- Total 13,000 B174AC HDI Securities, Inc. Y FREE 182,000 11/F, Ayala Tower I, Ayala Ave. Makati City 1226 --------------- Total 182,000 B174AP HDI Securities, Inc. Y HOUSE 1,000 11/F, Ayala Tower I, Ayala Ave. Makati City 1226 Y FREE 22,000 --------------- Total 23,000

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 13 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B175AC H. E. BENNETT SECURITIES, INC. Y HOUSE 15,000 Rm. 1704 World Trade Exchange Bldg., 215 Juan Luna St., Binondo, Manila 1006 --------------- Total 15,000 B178AC HK SECURITIES, INC. Y HOUSE 1,000 Suite 102 Columbia Tower, Ortigas Ave., Mandaluyong City 1600 --------------- Total 1,000 B179AC I. Ackerman & Co., Inc. Y HOUSE 392,000 Suite 705, Tower I Bldg. PSE Plaza, Ayala Triangle Ayala Ave., Makati City 1226 --------------- Total 392,000 B180AC I. B. GIMENEZ SECURITIES, INC. Y HOUSE 21,600 2703A East Tower PSE Centre Exchange Road, Ortigas Centre, Pasig City 1600 --------------- Total 21,600 B181AC INVESTORS SECURITIES, INC. Y HOUSE 105,500 Unit 604-605 Tower One & Exchange Plaza Ayala Triangle, Ayala Ave. cor Paseo de Roxas Makati City 1200 --------------- Total 105,500 B182AC Imperial, De Guzman, Abalos & Co.,Inc. Y HOUSE 21,000 Greenfield Bldg.I

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 14 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units 750 Shaw Blvd. Mandaluyong City 1552 B182AC Imperial, De Guzman, Abalos & Co.,Inc. --------------- Greenfield Bldg.I 750 Shaw Blvd. Mandaluyong City 1552 Total 21,000 B182AP Imperial,De Guzman,Abalos & Co., Inc. Y HOUSE 26,000 Greenfield Bldg.I 750 Shaw Blvd. Mandaluyong City 1552 --------------- Total 26,000 B183AC INTRA-INVEST SECURITIES, INC. Y HOUSE 11,000 11/F ACT Tower, 135 Sen. Gil Puyat Ave., Salcedo Vill., Makati City 1200 --------------- Total 11,000 B188AC J.M. Barcelon & Co., Inc. Y HOUSE 3,000 #34 Casa Nueva Townhomes, Manga Road, corner Balite Drive, New Manila, Quezon City 1100 --------------- Total 3,000 B190AC Value Quest Securities Corporation Y HOUSE 2,000 Unit 1007-B, West Tower PSE Center Exchange Road, Ortigas Center Pasig City 00

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 15 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B190AC Value Quest Securities Corporation --------------- Unit 1007-B, West Tower PSE Center Exchange Road, Ortigas Center Pasig City 00 Total 2,000 B192AC Strategic Equities Corp. Y FREE 64,000 Unit 610-611 PSE Plaza, Tower I, Ayala Triangle, Ayala Ave., Makati City 1226 --------------- Total 64,000 B197AC Lopez, Locsin, Ledesma & Co., Inc. Y HOUSE 6,000 Room 702, Ayala Tower One, Ayala Avenue, Makati City 1226 --------------- Total 6,000 B198AC Lucky Securities, Inc. Y HOUSE 33,000 Unit 1402-B PSE Center Exchange Road, Ortigas Center Pasig City 1600 --------------- Total 33,000 B199AC Luys Securities Company, Inc. Y HOUSE 20,000 28/F LKG Tower 6801 Ayala Ave. Makati City 1200 --------------- Total 20,000 B200AC Mandarin Securities Corporation Y HOUSE 4,000

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 16 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units 28/F LKG Tower 6801 Ayala Ave. Makati City 1200 B200AC Mandarin Securities Corporation --------------- 28/F LKG Tower 6801 Ayala Ave. Makati City 1200 Total 4,000 B204AC DA Market Securities, Inc. Y FREE 6,000 Unit 6, 3rd Floor, The Fort Strip Bldg. Fort Bonifacio Global City Taguig, 1634 Metro Manila 1634 --------------- Total 6,000 B205AC Mercantile Securities Corp. Y HOUSE 26,000 20/F PDCP Bank Centre Paseo de Roxas Makati City 1226 --------------- Total 26,000 B206AC Meridian Securities, Inc. Y HOUSE 843,500 Suite 2702B&C Tektite Tower I Ortigas Centre, Pasig City 1600 --------------- Total 843,500 B208AC MDR Securities, Inc. Y HOUSE 73,000 Unit 1806, 8/F Medical Plaza Ortigas Bldg., Pasig City 1226

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 17 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B208AC MDR Securities, Inc. --------------- Unit 1806, 8/F Medical Plaza Ortigas Bldg., Pasig City 1226 Total 73,000 B210AC Mount Peak Securities, Inc. Y HOUSE 45,000 #748 C.K. Bldg., Juan Luna St., Binondo, Manila 1006 --------------- Total 45,000 B211AC New World Securities Co., Inc. Y HOUSE 37,000 Rm. 202 Fil-Am Resources Bldg. 231 Juan Luna St. Binondo, Manila 1006 --------------- Total 37,000 B213AC Nieves Sanchez, Inc. Y HOUSE 69,000 Rm. 400 Fil-Am Resources Bldg., 231 Juan Luna St., Binondo, Manila 1006 --------------- Total 69,000 B215AC Optimum Securities Corporation Y HOUSE 17,500 No. 11 E. O. Bldg., United St. cor. 2nd St. Bo. Kapitolyo, Pasig City 1650 --------------- Total 17,500 B217AC RCBC Securities, Inc. Y HOUSE 2,900

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 18 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units Unit 1008 Tower I & Exchange Plaza Ayala Avenue, Makati City 1200 B217AC RCBC Securities, Inc. Y FREE 4,000 Unit 1008 Tower I & Exchange Plaza Ayala Avenue, Makati City 1200 --------------- Total 6,900 B218AC Pan Asia Securities Corp. Y HOUSE 104,300 910 Tower One & Exchange Plaza Ayala Avenue, Makati City 1200 --------------- Total 104,300 B219AC Papa Securities Corporation Y HOUSE 557,000 6/F, S & L Building Dela Rosa cor. Esteban Sts. Legaspi Village, Makati City 1200 --------------- Total 557,000 B220AC ATR Kim Eng Securities, Inc. Y FREE 5,197,300 17/F Tower One & Exchange Plaza, Ayala Triangle, Ayala Avenue Makati City 1226 --------------- Total 5,197,300 B224AC PNB Securities, Inc. Y HOUSE 335,000 3/F PNB Financial Center Roxas Blvd., Pasay City 1300

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 19 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B224AC PNB Securities, Inc. --------------- 3/F PNB Financial Center Roxas Blvd., Pasay City 1300 Total 335,000 B225AC PREMIUM SECURITIES, INC. Y HOUSE 13,000 Unit 1415, Tower 1 & Exchange Plaza Ayala Avenue cor. Paseo de Roxas Makati City 1259 --------------- Total 13,000 B229AC Public Securities Corporation Y HOUSE 3,000 Unit 207 Cityland Condominium 10 - Tower 2 6817 H.V. De La Costa St. cor. Ayala Ave. Makati City 1200 --------------- Total 3,000 B230AC QUALITY INVESTMENTS & SECURITIES CORPORATION Y HOUSE 358,000 Suite 1602 Tytana Plaza Oriente St, Binondo Manila 1006 --------------- Total 358,000 B232AC Alakor Securities Corporation Y HOUSE 3,000 9/F Quad Alpha Centrum, 125 Pioneer St. Mandaluyong City 1550 --------------- Total 3,000 B233AC R. Coyiuto Securities, Inc. Y HOUSE 161,500

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 20 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units Penthouse, Prince Building, 117 Rada Street, Legaspi Vill., Makati City 0 B233AC R. Coyiuto Securities, Inc. --------------- Penthouse, Prince Building, 117 Rada Street, Legaspi Vill., Makati City 0 Total 161,500 B235AC REGINA CAPITAL DEVELOPMENT CORPORATION Y HOUSE 247,200 Unit 806 Tower 1 & Exchange Plaza Ayala Triangle, Ayala Avenue Makati City 1226 --------------- Total 247,200 B236AC R. Nubla Securities, Inc. Y HOUSE 62,000 Room 604, Fil-Am Resources Bldg., 231 Juan Luna St., Binondo, Manila 1006 --------------- Total 62,000 B237AC AAA Southeast Equities, Incorporated Y HOUSE 31,000 Ground Floor, Fortune Life Building #162 Legaspi St., Legaspi Village Makati City 1229 --------------- Total 31,000 B238AC R. S. Lim & Co., Inc. Y HOUSE 302,000 1509 Galvani Street San Isidro, Makati City 1234

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 21 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B238AC R. S. Lim & Co., Inc. --------------- 1509 Galvani Street San Isidro, Makati City 1234 Total 302,000 B239AC RTG & COMPANY, INC. Y HOUSE 140,000 Unit 602 Tower 1 & Exchange Plaza Ayala Triangle, Makati City 1200 Y FREE 32,000 --------------- Total 172,000 B239AP RTG & COMPANY, INC. Y HOUSE 10,000 Unit 602 Tower 1 & Exchange Plaza Ayala Triangle, Makati City 1200 --------------- Total 10,000 B239FC RTG & COMPANY, INC. Y HOUSE 493,000 Unit 602 Tower 1 & Exchange Plaza Ayala Triangle, Makati City 1200 --------------- Total 493,000 B240AC S.J. Roxas & Co.,Inc. Y HOUSE 14,000 Unit 612 Tower One, Ayala Triangle, Ayala Avenue, Makati City 0 --------------- Total 14,000 B243AC Fidelity Securities, Inc. Y HOUSE 28,000 2103-B PSE Centre, Exchange Road, Ortigas,

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 22 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units Pasig City c 1600 B243AC Fidelity Securities, Inc. --------------- 2103-B PSE Centre, Exchange Road, Ortigas, Pasig City c 1600 Total 28,000 B246AC Summit Securities, Inc. Y HOUSE 27,000 Unit 2102 B/C PSE Center Tektite Tower East Exchange Road, Ortigas Center Pasig City 1600 --------------- Total 27,000 B247AC STANDARD SECURITIES CORPORATION Y HOUSE 198,000 #34 Jefferson St., GHW, San Juan Metro Manila 00 --------------- Total 198,000 B251AC TANSENGCO & CO., INC. Y HOUSE 815,000 U-2308 World Trade Exchange Condominium 215 Juan Luna St., Binondo, Manila 1006 --------------- Total 815,000 B251FC TANSENGCO & CO., INC. Y HOUSE 35,000 U-2308 World Trade Exchange Condominium 215 Juan Luna St., Binondo, Manila 1006 --------------- Total 35,000

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 23 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B252AC THE FIRST RESOURCES MANAGEMENT & SECURITIES CORP. Y HOUSE 7,000 Rms. 801-802, PSE Tower 1 Ayala Ave., cor. Paseo de Roxas,Ayala Triangle, Makati City 1200 --------------- Total 7,000 B253AC Tower Securities, Inc. Y HOUSE 405,000 1802-C Tektite Tower I Exchange Road, Ortigas Centre Pasig City 1600 --------------- Total 405,000 B253FC Tower Securities, Inc. Y HOUSE 2,000 1802-C Tektite Tower I Exchange Road, Ortigas Centre Pasig City 1600 --------------- Total 2,000 B255AC APEX Philippines Equities Corp. Y HOUSE 6,000 Unit 902, Antel Corporate Center, No. 139 Valero St., Salcedo Vill., Makati City 1227 --------------- Total 6,000 B257AC TRI-STATE SECURITIES, INC. Y HOUSE 7,500 Unit 1007, 10/F Ayala Triangle Tower I, Ayala Avenue, Makati City 1226 --------------- Total 7,500

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 24 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B259AC UCPB Securities, Inc. Y HOUSE 86,000 Suite 1612, 16/F Ayala Tower I Exchange Plaza, Ayala Ave. cor. Paseo de Roxas Makati City 1226 --------------- Total 86,000 B261AC e.securities, inc. Y HOUSE 3,000 11/F Exportbank Plaza Chino Roces cor Sen. Gil J. Puyat Ave, Makati City 1251 --------------- Total 3,000 B261FC e.securities, inc. Y HOUSE 1,000 11/F Exportbank Plaza Chino Roces cor Sen. Gil J. Puyat Ave., Makati City 1251 --------------- Total 1,000 B266AC Vicsal Securities & Stock Brokerage,Inc. Y HOUSE 212,000 658 C. Palanca St., Quiapo,Manila 1001 --------------- Total 212,000 B267AC FIRST METRO SECURITIES BROKERAGE CORPORATION Y HOUSE 185,700 Unit 1515, 15/F Ayala Tower One Ayala Triangle, Ayala Ave. cor Paseo de Roxas Makati City 1226 Y FREE 267,800 --------------- Total 453,500

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 25 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B269AC Wealth Securities, Inc. Y HOUSE 220,000 2103 PSE Centre, Exchange Road Ortigas Centre, Pasig City 1600 --------------- Total 220,000 B270AC Westlink Global Equities, Inc. Y HOUSE 184,500 6/F Philippine Stock Exchange Plaza Ayala Avenue, Makati City 1200 --------------- Total 184,500 B272AC BERNAD SECURITIES, INC. Y HOUSE 357,000 3/F 1033 M.H. del Pilar St. Ermita, Manila 1000 --------------- Total 357,000 B275AC Yao & Zialcita, Inc. Y HOUSE 22,500 Yao Bldg., 577 A. Bonifacio Drive, Port Area,Manila 1018 --------------- Total 22,500 B278AC Yu & Company, Inc. Y HOUSE 78,000 Unit E 1606-B Tektite Tower 1 Exhange Road, Ortigas Center Pasig City 1600 --------------- Total 78,000 B279AC BDO Securities Corporation Y HOUSE 3,280,800

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 26 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units 27/F Tower I & Exchange Plaza Ayala Ave., Makati City 1226 B279AC BDO Securities Corporation Y FREE 44,000 27/F Tower I & Exchange Plaza Ayala Ave., Makati City 1226 --------------- Total 3,324,800 B279FC BDO Securities Corporation Y HOUSE 2,000 27/F Tower I & Exchange Plaza Ayala Ave., Makati City 1226 --------------- Total 2,000 B282AC PCCI SECURITIES BROKERS CORP. Y FREE 92,000 3/F PCCI Corporate Centre 118 Alfaro St, Salcedo Village Makati City 1227 --------------- Total 92,000 B283AC Eagle Equities, Inc. Y HOUSE 212,000 179 Kaimito St. Valle Verde II, Pasig City 1600 --------------- Total 212,000 B285AC Golden Tower Securities & Holdings, Inc. Y HOUSE 178,000 4-B Vernida I Condominium, 120 Amorsolo St., Legaspi Village, Makati City 1229 Y FREE 44,000 ---------------

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 27 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B285AC Golden Tower Securities & Holdings, Inc. Total 222,000 4-B Vernida I Condominium, 120 Amorsolo St., Legaspi Village, Makati City 1229 B286AC SOLAR SECURITIES, INC. Y HOUSE 1,305,500 Unit 3002-A East Tower, Phil. Stock Exchange Centre, Exchange Road, Ortigas Complex, Pasig City 1605 --------------- Total 1,305,500 B286AP SOLAR SECURITIES, INC. Y HOUSE 60,000 Unit 3002-A East Tower, Phil. Stock Exchange Centre, Exchange Road, Ortigas Complex, Pasig City 1605 --------------- Total 60,000 B288AC G.D. TAN & COMPANY, INC. Y HOUSE 92,000 Unit 2203-A East Tower, PSE Center Exchange Road, Ortigas Center, Pasig City 1600 --------------- Total 92,000 B323AC CLSA Philippines, Inc. Y FREE 400 Trafalgar Plaza, Unit 17-D, 105 H.V. dela Costa St., Salcedo Vill., Makati City 1227 --------------- Total 400 B328AC DW Capital Inc. Y HOUSE 41,000 1136 Solar St., Binondo, Manila 0

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 28 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B328AC DW Capital Inc. --------------- 1136 Solar St., Binondo, Manila 0 Total 41,000 B333AC UBS Securities Philippines, Inc. Y FREE 22,000 19/F Ayala Tower One, Ayala Ave., Makati City 1200 --------------- Total 22,000 B345AC UNICAPITAL Securities Inc. Y HOUSE 322,000 4F Majalco Bldg Benavidez cor Trasierra Sts Legaspi Vill., Makati City 1200 --------------- Total 322,000 B388AC Armstrong Securities, Inc. Y HOUSE 3,000 Unit 2205-A, 22/F, PSE Centre Exchange Road, Ortigas Centre, Pasig City 1600 --------------- Total 3,000 B389AC King's Power Securities, Inc. Y HOUSE 193,000 RM 1602 FEDERAL TOWER DASMARINAS ST., BINONDO, MANILA 0 --------------- Total 193,000 B389FC King's Power Securities, Inc. Y HOUSE 35,000 RM 1602 FEDERAL TOWER DASMARINAS ST., BINONDO, MANILA 0

01-JUL-2008 01-JUL-2008 11:11 PHIL. CENTRAL DEPOSITORY, INC. Page 29 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 30-JUN-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B389FC King's Power Securities, Inc. --------------- RM 1602 FEDERAL TOWER DASMARINAS ST., BINONDO, MANILA 0 Total 35,000 DEUB10 Deutsche Bank Manila-Clients A/C Y HOUSE 3,600,900 26/F Ayala Tower One Ayala Triangle, Makati City 1226 --------------- Total 3,600,900 =============== Grand Total 38,277,800

*** End Of Report ***