Basic said in a disclosure to the Philippine Stock Exchange the data would come from the East Mankayan Geothermal Power Project, Mariveles Geothermal Power Project, Iriga Geothermal Power Project and West Bulusan Geothermal Power Project
Under the services agreement, FEDS will conduct the review and evaluation of existing data and the reconnaissance geological and geochemical field work of the power project areas to assess their technical viability.
“The work is estimated to be completed in three months time. The results of the study will assist Basic in planning for the detailed surface exploration phase,” the company said.
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