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

January 9, 2009 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 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 1.00LIST OF ALL STOCKHOLDERSAs Of December 31, 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. 102,050,000.00 0.00 102,050,000.00 54 FILIPINO STELLA HIZON REYES ROAD, BO. PAMPANGA, LANANG, DAVAO CITY 8000PCD NOMINEE CORPORATION - (FILIPINO) 44,132,570.00 0.00 44,132,570.00 23 FILIPINO 37/F TOWER I, THE ENTERPRISE CENTER, 6766 AYALA AVE., COR PASEO DE ROXASUDENNA CORPORATION (FORMERLY: UDENNA HOLDINGS CORPORATION) 25,674,993.00 0.00 25,674,993.00 14 FILIPINO STELLA HIZON REYES ROAD, BO. PAMPANGA, LANANG, DAVAO CITY 8000UDENNA MANAGEMENT & RESOURCES CORP. 6,500,000.00 0.00 6,500,000.00 3 FILIPINO STELLA HIZON REYES ROAD, BO. PAMPANGA, LANANG, DAVAO CITY 8000PCD NOMINEE CORPORATION - (NON-FILIPINO) 5,764,070.00 0.00 5,764,070.00 3 OTHERS 37/F TOWER I, THE ENTERPRISE CENTER 6766 AYALA AVE. COR. PASEO DE ROXAS,PAUL GERARD B. DEL ROSARIO 2,276,560.00 0.00 2,276,560.00 1 FILIPINO RM. 306 CITY TOWERS COND. 810 AURORA BLVD. Q.C. 1100DENNIS A. UY 803,400.00 0.00 803,400.00 0 FILIPINO PENTHOUSE B, VALERO TOWER, 122 VALERO ST., SALCEDO VILLAGE,UDENCO CORPORATION 324,999.00 0.00 324,999.00 0 FILIPINO STELLA HIZON REYES ROAD BO. PAMPANGA, LANANGDENNIS A. UY &/OR CHERYLYN C. UY 221,000.00 0.00 221,000.00 0 FILIPINO PHOENIX BULK DEPOT LANANG, DAVAO CITY 8000DOMINGO T. UY 130,001.00 0.00 130,001.00 0 FILIPINO MISAMIS ST. INSULAR VILLAGE, PHASE II LANANG, DAVAO CITY 8000EDGARDO ALVARADO ALERTA 26,000.00 0.00 26,000.00 0 FILIPINO 1037-I ARELLANO EXT., DAVAO CITY 8000 ORLANDO LANSANGAN 26,000.00 0.00 26,000.00 0 FILIPINO BLOCK 8, LOT 1 VS HOMES SUBDIVISION GENERAL SANTOS CITY 9500LEO M. BERNALDEZ 10,400.00 0.00 10,400.00 0 FILIPINO C/O PAG-IBIG FUND INVESTMENT DEPT RM 407 4/F ATRIUM BLDG. MAKATI AVE. MAKATI 1200ROQUE A. LIM 7,800.00 0.00 7,800.00 0 FILIPINO SM BLDG. D, MOA COMPLEX, PASAY CITY SOCORRO ERMAC CABREROS 6,501.00 0.00 6,501.00 0 FILIPINO 223 V. MAPA ST. DAVAO CITY 8000 ALBERTO D. ALCID 6,500.00 0.00 6,500.00 0 FILIPINO DONA SOCORRO ST. BELISARIO HTS. SUBD. LANANG, DAVAO CITY 8000REBECCA PILAR CLARIDAD CATERIO 6,500.00 0.00 6,500.00 0 FILIPINO 65 WEST SQUARE ST. MARGARITA VILLAGE BAJADA, DAVAO CITY 8000SANDRA ELECERIO PARRA 6,500.00 0.00 6,500.00 0 FILIPINO PHOENIX PETROLEUM PHILS., INC. PHOENIX BULK DEPOT, LANANG, DAVAO CITY 8000STEPHEN T. TEO &/OR TERESITA R. TEO 6,500.00 0.00 6,500.00 0 FILIPINO 23 DJAKARTA STREET, BF HOMES PARANAQUE CITYROMEO B. MOLANO 5,600.00 0.00 5,600.00 0 FILIPINO 7/F QUAD PLAZA CENTRUM, 125 PIONEER ST. MANDALUYONG CITY 1550BERNARDITA P. BAUTISTA 5,200.00 0.00 5,200.00 0 FILIPINO 2 PALMA ST., XAVIERVILLE I QUEZON CITY 1108LEOPOLDO B. BUGAL 2,600.00 0.00 2,600.00 0 FILIPINO 41 MIRAGE ST. VILLAGE EAST EXEC. HOMES CAINTA, RIZAL 1900MERCEDES PATRICIA D. PARDO 2,600.00 0.00 2,600.00 0 FILIPINO 40 POLK ST., NORTH GREENHILLS SAN JUAN, METRO MANILA 1503DULCE MARIA S. OLIVA 1,300.00 0.00 1,300.00 0 FILIPINO 81 K-10TH STREET, EAST KAMIAS Q.C. 1102 ELNORA N. TURNER 1,300.00 0.00 1,300.00 0 FILIPINO 7746-E J.B. ROXAS ST. MAKATI CITY 1206PHILIP TURNER 1,300.00 0.00 1,300.00 0 BRITISH 7746-E J.B. ROXAS ST. MAKATI CITY 1206 J.V. EMMANUEL A. DE DIOS 1.00 0.00 1.00 0 FILIPINO 95 A. MELCHOR ST. LOYOLA HEIGHTS QUEZON CITY 1108MONICO V. JACOB 1.00 0.00 1.00 0 FILIPINO C/O PHOENIX PETROLEUM PHILS., INC. PHOENIX BULK DEPOT LANANG 8000RICARDO S. PASCUA 1.00 0.00 1.00 0 FILIPINO 16 SOLAR ST. BEL-AIR III, MAKATI CITY 1209JOSE MANUEL R. QUIMSON 1.00 0.00 1.00 0 FILIPINO 28 OSMENA ST. XAVIERVILLE III LOYOLA HEIGHTS, QUEZON CITY 1108

GRAND TOTAL 188,000,198.00 0.00 188,000,198.00

Certified true and correct:

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 1 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B101AC A & A Securities, Inc. Y HOUSE 388,300 Rm. 1906 Ayala Ave. Condominium 6776 Ayala Ave., Makati City 1200 Y FREE 500,000 --------------- Total 888,300 B102AC Abacus Securities Corporation Y HOUSE 1,702,600 Unit 2904-A East Tower, PSE Centre Exchange Road, Ortigas Center Pasig City 1600 --------------- Total 1,702,600 B102AP Abacus Securities Corporation Y HOUSE 1,240 Unit 2904-A East Tower, PSE Centre Exchange Road, Ortigas Center Pasig City 1600 --------------- Total 1,240 B103AC ACCORD CAPITAL EQUITIES CORPORATION Y HOUSE 637,370 Unit 1101 Orient Square Building Emerald Avenue Ortigas Center Pasig City 1600 --------------- Total 637,370 B103AP ACCORD CAPITAL EQUITIES CORPORATION Y HOUSE 104,390 Unit 1101 Orient Square Building Emerald Avenue Ortigas Center, Pasig City 1600 ---------------

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 2 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B103AP ACCORD CAPITAL EQUITIES CORPORATION Total 104,390 Unit 1101 Orient Square Building Emerald Avenue Ortigas Center, Pasig City 1600 B103FC ACCORD CAPITAL EQUITIES CORPORATION Y HOUSE 186,300 Unit 1101 Orient Square Building Emerald Avenue Ortigas Center, Pasig City 1600 --------------- Total 186,300 B106AC ALPHA SECURITIES CORP, Y HOUSE 271,700 UNIT 2305, 23/F THE ORIENT SQUARE BLDG. F. ORTIGAS ST.(FORMERLY EMERALD AVE) ORTIGAS CENTER, PASIG CITY 1200 --------------- Total 271,700 B109AC BA Securities, Inc. Y FREE 298,500 Rm 401-403 CLMC Bldg, 256-259 EDSA Greenhills Mandaluyong City 1550 --------------- Total 298,500 B110AC Angping & Associates Securities, Inc. Y HOUSE 2,282,130 Suites 2002/2004, The Peak, 107 Alfaro St., Salcedo Village, Makati City 1227 --------------- Total 2,282,130 B111AC Ansaldo, Godinez & Co., Inc. Y HOUSE 124,000 340 Nueva St., Binondo

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 3 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units Manila 1006 B111AC Ansaldo, Godinez & Co., Inc. --------------- 340 Nueva St., Binondo Manila 1006 Total 124,000 B112AC AB CAPITAL SECURITIES, INC. Y FREE 694,400 5/F Phinma Plaza 39 Plaza Drive, Rockwell Center Makati City 1200 --------------- Total 694,400 B112AP AB CAPITAL SECURITIES, INC. Y FREE 13,300 5/F Phinma Plaza 39 Plaza Drive, Rockwell Center Makati City 1200 --------------- Total 13,300 B113AC Sarangani Securities, Inc. Y HOUSE 13,000 5/F APMC Building 136 Amorsolo St., Legaspi Village, Makati City 1229 --------------- Total 13,000 B115AC SB Equities, Inc. Y HOUSE 881,740 18/F, Security Bank Centre 6776 Ayala Avenue, Makati City 1226 --------------- Total 881,740

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 4 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B116AC Asia Pacific Capital Equities & Securities Corporation Y HOUSE 69,940 24/F Galleria Corporate Center EDSA corner Ortigas Avenue, Pasig City 1605 --------------- Total 69,940 B118AC Asiasec Equities, Inc. Y HOUSE 7,800 7/F Diners Club Center, 114 Valero St., Salcedo Village, Makati City 1227 --------------- Total 7,800 B119AC Astra Securities Corporation Y HOUSE 220,000 Units 1204-1205 Ayala Tower One Ayala Ave. cor. Paseo de Roxas Makati City 1200 --------------- Total 220,000 B120AC ATC Securities, Inc. Y HOUSE 32,500 Unit 1015-1016 Tower One Ayala Triangle, Ayala Ave. Makati City 1226 --------------- Total 32,500 B122AC Belson Securities, Inc. Y HOUSE 335,400 4th Floor Belson House 271 Edsa, Mandaluyong City 1554 --------------- Total 335,400 B123AC Benjamin Co Ca & Co., Inc. Y HOUSE 309,400

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 5 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units Rm. 301 Downtown Ctr Bldg., 516 Quintin Paredes St., Binondo, Manila 1006 B123AC Benjamin Co Ca & Co., Inc. --------------- Rm. 301 Downtown Ctr Bldg., 516 Quintin Paredes St., Binondo, Manila 1006 Total 309,400 B124AC B. H. Chua Securities Corporation Y HOUSE 774,540 872 G. Araneta Avenue, Quezon City 1135 --------------- Total 774,540 B125AC Jaka Securities Corporation Y HOUSE 158,600 Unit 814, Ayala Tower I Ayala Ave., Makati City 1226 --------------- Total 158,600 B126AC BPI Securities Corporation Y HOUSE 1,740,800 8/F BPI Head Office Bldg., Ayala Ave.,cor.Paseo de Roxas Makati City 1226 --------------- Total 1,740,800 B126FC BPI Securities Corporation Y HOUSE 11,700 8/F BPI Head Office Bldg., Ayala Ave.,cor.Paseo de Roxas Makati City 1226 --------------- Total 11,700

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 6 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B128AC Campos, Lanuza & Company, Inc. Y HOUSE 61,360 Unit 2003B East Tower, PSE Center Exchange Road, Ortigas Center Pasig City 1605 --------------- Total 61,360 B128FC Campos, Lanuza & Company, Inc. Y HOUSE 2,600 Unit 2003B East Tower, PSE Center Exchange Road, Ortigas Center Pasig City 1605 --------------- Total 2,600 B129AC Sincere Securities Corporation Y HOUSE 197,800 1203-A East Tower, PSE Centre, Exchange Road, Ortigas Center, Pasig City 0 --------------- Total 197,800 B130AC Century Securities Corporation Y HOUSE 35,100 1105 Galleria Corporate Center Ortigas Ave., Quezon City 1600 --------------- Total 35,100 B131AC PCIB Securities, Inc. Y HOUSE 85,100 8/F PCIB Tower 2, Dela Costa St., Makati City 1002 Y FREE 5,000 Y PSI FAO PRULI063 13,000 --------------- Total 103,100 B133AC CITISECURITIES, INC. Y HOUSE 34,200

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 7 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units Rm. 2701-B Tektite Tower Center Exchange Rd, Pasig City 1600 B133AC CITISECURITIES, INC. --------------- Rm. 2701-B Tektite Tower Center Exchange Rd, Pasig City 1600 Total 34,200 B133AP CITISECURITIES, INC. Y HOUSE 2,600 Rm. 2701-B Tektite Tower Center Exchange Rd, Pasig City 1600 --------------- Total 2,600 B133FC CITISECURITIES, INC. Y HOUSE 5,200 Rm. 2701-B Tektite Tower Center Exchange Rd, Pasig City 1600 --------------- Total 5,200 B136AC Triton Securities Corp. Y HOUSE 158,800 26/F LKG Tower, 6801 Ayala Ave. Makati City 0 --------------- Total 158,800 B140AC IGC Securities INC. Y HOUSE 87,300 Suite 1006, Tower I & Exchange Plaza Ayala Triangle, Ayala Avenue Makati City 1200 --------------- Total 87,300

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 8 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B141AC Cualoping Securities Corporation Y HOUSE 15,600 Suite 1801 Tytana Centre Condominium Plaza Lorenzo Ruiz, Binondo, Manila 1006 --------------- Total 15,600 B143AC DAVID GO SECURITIES CORP. Y HOUSE 10,400 Rm. 309 Federation Center Bldg. Muelle de Binondo, Binondo, Manila 1006 --------------- Total 10,400 B143FC DAVID GO SECURITIES CORP. Y HOUSE 2,600 Rm. 309 Federation Center Bldg. Muelle de Binondo, Binondo, Manila 1006 --------------- Total 2,600 B145AC DIVERSIFIED SECURITIES, INC. Y HOUSE 143,000 5/F PDCP Bank Centre Herrera cor. Alfaro Sts., Salcedo Village, Makati City 1600 Y FREE 29,900 --------------- Total 172,900 B145AP DIVERSIFIED SECURITIES, INC. Y FREE 1,300 5/F PDCP Bank Centre, Herrera cor. Alfaro Sts., Salcedo Village, Makati City 1600 --------------- Total 1,300 B145FC DIVERSIFIED SECURITIES, INC. Y HOUSE 2,600

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 9 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units 5/F PDCP Bank Centre Herrera cor. Alfaro Sts., Salcedo Village, Makati City 1600 B145FC DIVERSIFIED SECURITIES, INC. --------------- 5/F PDCP Bank Centre Herrera cor. Alfaro Sts., Salcedo Village, Makati City 1600 Total 2,600 B147AC E. CHUA CHIACO SECURITIES, INC. Y HOUSE 1,047,220 113 Renta St., Binondo, Manila 1006 --------------- Total 1,047,220 B147FC E. CHUA CHIACO SECURITIES, INC. Y HOUSE 7,800 113 Renta St., Binondo, Manila 1006 --------------- Total 7,800 B149AC East West Capital Corporation Y HOUSE 3,900 2/F U-Bix Building 1331 Angono St., Makati City 1208 --------------- Total 3,900 B150AC EASTERN SECURITIES DEVELOPMENT CORPORATION Y HOUSE 296,500 1701 Tytana Ctr. Bldg, Binondo, Manila 1006 --------------- Total 296,500

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 10 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B153AC EQUITIWORLD SECURITIES, INC. Y HOUSE 22,100 807-809 Philippine Stock Exchange Ayala Tower 1, Ayala Avenue Makati City 1226 --------------- Total 22,100 B154AC Evergreen Stock Brokerage & Sec., Inc. Y HOUSE 53,900 Rm. 606 Ayala Tower I Ayala Triangle, Ayala Ave. Makati City 1200 --------------- Total 53,900 B157AC FIRST ORIENT SECURITIES, INC. Y HOUSE 54,600 Unit 1201 Ayala Triangle Tower One Ayala Avenue, Makati City 1226 --------------- Total 54,600 B159AC First Integrated Capital Securities, Inc. Y HOUSE 13,000 Units 1211-1212 Tower I & Exchange Plaza, Ayala Ave. Cor. Paseo de Roxas, Makati City 1200 --------------- Total 13,000 B161AC FRANCISCO ORTIGAS SECURITIES, INC. Y HOUSE 10,400 10/F Ortigas Building Ortigas Ave, Pasig City 1600 --------------- Total 10,400 B162AC F. Yap Securities, Inc. Y HOUSE 149,630

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 11 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-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 149,630 B167AC Aurora Securities, Inc. Y HOUSE 394,500 Rm. 1504, Horizon Condominium Meralco Ave., Ortigas Center Pasig City 1600 --------------- Total 394,500 B168AC Globalinks Securities & Stocks, Inc. Y HOUSE 639,970 # 706 Ayala Tower One Ayala Avenue Cor. Paseo de Roxas St. Makati City 1226 --------------- Total 639,970 B168AP Globalinks Securities & Stocks, Inc. Y HOUSE 1,020 # 706 Ayala Tower One Ayala Avenue Cor. Paseo de Roxas St. Makati City 1226 --------------- Total 1,020 B169AC JSG Securities, Inc. Y HOUSE 13,000 4th Floor, A&T Building, 244 Escolta Street, Binondo, Manila 1006

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 12 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B169AC JSG Securities, Inc. Y PESENGCO 19,500 4th Floor, A&T Building, 244 Escolta Street, Binondo, Manila 1006 --------------- Total 32,500 B170AC GOLDSTAR SECURITIES, INC. Y HOUSE 175,350 2201-B East Tower, PSE Centre Exchange Rd, Ortigas Center Pasig City 1600 Y FREE 5,200 --------------- Total 180,550 B172AC Guild Securities, Inc. Y HOUSE 16,900 Unit 1215 Tower One & Exchange Plaza Ayala Ave., Makati City 1226 --------------- Total 16,900 B174AC HDI Securities, Inc. Y HOUSE 1,800 11/F, Ayala Tower I, Ayala Ave. Makati City 1226 Y FREE 205,400 --------------- Total 207,200 B174AP HDI Securities, Inc. Y HOUSE 1,300 11/F, Ayala Tower I, Ayala Ave. Makati City 1226 --------------- Total 1,300

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 13 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B175AC H. E. BENNETT SECURITIES, INC. Y HOUSE 50,000 Rm. 1704 World Trade Exchange Bldg., 215 Juan Luna St., Binondo, Manila 1006 --------------- Total 50,000 B178AC HK SECURITIES, INC. Y HOUSE 3,400 Suite 102 Columbia Tower, Ortigas Ave., Mandaluyong City 1600 --------------- Total 3,400 B179AC I. Ackerman & Co., Inc. Y HOUSE 489,600 Suite 705, Tower I Bldg. PSE Plaza, Ayala Triangle Ayala Ave., Makati City 1226 --------------- Total 489,600 B179FC I. Ackerman & Co., Inc. Y HOUSE 20,000 Suite 705, Tower I Bldg. PSE Plaza, Ayala Triangle Ayala Ave., Makati City 1226 --------------- Total 20,000 B180AC I. B. GIMENEZ SECURITIES, INC. Y HOUSE 41,080 2703A East Tower PSE Centre Exchange Road, Ortigas Centre, Pasig City 1600 --------------- Total 41,080 B181AC INVESTORS SECURITIES, INC. Y HOUSE 137,150 Unit 604-605 Tower One & Exchange Plaza

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 14 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units Ayala Triangle, Ayala Ave. cor Paseo de Roxas Makati City 1200 B181AC INVESTORS SECURITIES, INC. --------------- Unit 604-605 Tower One & Exchange Plaza Ayala Triangle, Ayala Ave. cor Paseo de Roxas Makati City 1200 Total 137,150 B182AC Imperial, De Guzman, Abalos & Co.,Inc. Y HOUSE 22,800 Greenfield Bldg.I 750 Shaw Blvd. Mandaluyong City 1552 --------------- Total 22,800 B182AP Imperial,De Guzman,Abalos & Co., Inc. Y HOUSE 33,800 Greenfield Bldg.I 750 Shaw Blvd. Mandaluyong City 1552 --------------- Total 33,800 B183AC INTRA-INVEST SECURITIES, INC. Y HOUSE 14,300 11/F ACT Tower, 135 Sen. Gil Puyat Ave., Salcedo Vill., Makati City 1200 --------------- Total 14,300 B188AC J.M. Barcelon & Co., Inc. Y HOUSE 3,900 #34 Casa Nueva Townhomes, Manga Road, corner Balite Drive, New Manila, Quezon City 1100

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 15 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B188AC J.M. Barcelon & Co., Inc. --------------- #34 Casa Nueva Townhomes, Manga Road, corner Balite Drive, New Manila, Quezon City 1100 Total 3,900 B190AC Value Quest Securities Corporation Y HOUSE 2,600 Unit 1007-B, West Tower PSE Center Exchange Road, Ortigas Center Pasig City 00 --------------- Total 2,600 B192AC Strategic Equities Corp. Y FREE 61,700 Unit 610-611 PSE Plaza, Tower I, Ayala Triangle, Ayala Ave., Makati City 1226 --------------- Total 61,700 B197AC Lopez, Locsin, Ledesma & Co., Inc. Y HOUSE 7,800 Room 702, Ayala Tower One, Ayala Avenue, Makati City 1226 --------------- Total 7,800 B198AC Lucky Securities, Inc. Y HOUSE 42,900 Unit 1402-B PSE Center Exchange Road, Ortigas Center Pasig City 1600 --------------- Total 42,900 B199AC Luys Securities Company, Inc. Y HOUSE 26,000 28/F LKG Tower

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 16 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units 6801 Ayala Ave. Makati City 1200 B199AC Luys Securities Company, Inc. --------------- 28/F LKG Tower 6801 Ayala Ave. Makati City 1200 Total 26,000 B200AC Mandarin Securities Corporation Y HOUSE 5,200 28/F LKG Tower 6801 Ayala Ave. Makati City 1200 --------------- Total 5,200 B203AC CITISECONLINE.COM, INC. Y FREE 602,370 2701-A EAST TOWER, PSE CENTRE EXCHANGE ROAD, ORTIGAS CENTER PASIG CITY 1605 --------------- Total 602,370 B203FC CITISECONLINE.COM, INC. Y FREE 28,600 2701-A EAST TOWER, PSE CENTRE EXCHANGE ROAD, ORTIGAS CENTER PASIG CITY 1605 --------------- Total 28,600 B204AC DA Market Securities, Inc. Y FREE 7,800 Unit 6, 3rd Floor, The Fort Strip Bldg. Fort Bonifacio Global City Taguig, 1634 Metro Manila 1634

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 17 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B204AC DA Market Securities, Inc. --------------- Unit 6, 3rd Floor, The Fort Strip Bldg. Fort Bonifacio Global City Taguig, 1634 Metro Manila 1634 Total 7,800 B205AC Mercantile Securities Corp. Y HOUSE 33,800 20/F PDCP Bank Centre Paseo de Roxas Makati City 1226 --------------- Total 33,800 B206AC Meridian Securities, Inc. Y HOUSE 1,076,050 Suite 2702B&C Tektite Tower I Ortigas Centre, Pasig City 1600 --------------- Total 1,076,050 B208AC MDR Securities, Inc. Y HOUSE 79,900 Unit 1806, 8/F Medical Plaza Ortigas Bldg., Pasig City 1226 --------------- Total 79,900 B210AC Mount Peak Securities, Inc. Y HOUSE 58,500 #748 C.K. Bldg., Juan Luna St., Binondo, Manila 1006 --------------- Total 58,500

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 18 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B211AC New World Securities Co., Inc. Y HOUSE 48,100 Rm. 202 Fil-Am Resources Bldg. 231 Juan Luna St. Binondo, Manila 1006 --------------- Total 48,100 B213AC Nieves Sanchez, Inc. Y HOUSE 89,700 Rm. 400 Fil-Am Resources Bldg., 231 Juan Luna St., Binondo, Manila 1006 --------------- Total 89,700 B215AC Optimum Securities Corporation Y HOUSE 16,250 No. 11 E. O. Bldg., United St. cor. 2nd St. Bo. Kapitolyo, Pasig City 1650 --------------- Total 16,250 B217AC RCBC Securities, Inc. Y HOUSE 4,270 Unit 1008 Tower I & Exchange Plaza Ayala Avenue, Makati City 1200 Y FREE 5,200 --------------- Total 9,470 B218AC Pan Asia Securities Corp. Y HOUSE 125,590 910 Tower One & Exchange Plaza Ayala Avenue, Makati City 1200 --------------- Total 125,590 B219AC Papa Securities Corporation Y HOUSE 711,100

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 19 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units 6/F, S & L Building Dela Rosa cor. Esteban Sts. Legaspi Village, Makati City 1200 B219AC Papa Securities Corporation --------------- 6/F, S & L Building Dela Rosa cor. Esteban Sts. Legaspi Village, Makati City 1200 Total 711,100 B220AC ATR Kim Eng Securities, Inc. Y FREE 10,754,290 17/F Tower One & Exchange Plaza, Ayala Triangle, Ayala Avenue Makati City 1226 --------------- Total 10,754,290 B224AC PNB Securities, Inc. Y HOUSE 460,600 3/F PNB Financial Center Roxas Blvd., Pasay City 1300 --------------- Total 460,600 B225AC PREMIUM SECURITIES, INC. Y HOUSE 16,900 Unit 1415, Tower 1 & Exchange Plaza Ayala Avenue cor. Paseo de Roxas Makati City 1259 --------------- Total 16,900 B229AC Public Securities Corporation Y HOUSE 3,900 Unit 207 Cityland Condominium 10 - Tower 2 6817 H.V. De La Costa St. cor. Ayala Ave. Makati City 1200

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 20 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B229AC Public Securities Corporation --------------- Unit 207 Cityland Condominium 10 - Tower 2 6817 H.V. De La Costa St. cor. Ayala Ave. Makati City 1200 Total 3,900 B230AC QUALITY INVESTMENTS & SECURITIES CORPORATION Y HOUSE 445,400 Suite 1602 Tytana Plaza Oriente St, Binondo Manila 1006 --------------- Total 445,400 B232AC Alakor Securities Corporation Y HOUSE 3,900 9/F Quad Alpha Centrum, 125 Pioneer St. Mandaluyong City 1550 --------------- Total 3,900 B233AC R. Coyiuto Securities, Inc. Y HOUSE 232,250 Penthouse, Prince Building, 117 Rada Street, Legaspi Vill., Makati City 0 --------------- Total 232,250 B235AC REGINA CAPITAL DEVELOPMENT CORPORATION Y HOUSE 248,660 Unit 806 Tower 1 & Exchange Plaza Ayala Triangle, Ayala Avenue Makati City 1226 --------------- Total 248,660

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 21 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B236AC R. Nubla Securities, Inc. Y HOUSE 80,600 Room 604, Fil-Am Resources Bldg., 231 Juan Luna St., Binondo, Manila 1006 --------------- Total 80,600 B237AC AAA Southeast Equities, Incorporated Y HOUSE 39,000 Ground Floor, Fortune Life Building #162 Legaspi St., Legaspi Village Makati City 1229 --------------- Total 39,000 B238AC R. S. Lim & Co., Inc. Y HOUSE 392,600 1509 Galvani Street San Isidro, Makati City 1234 --------------- Total 392,600 B239AC RTG & COMPANY, INC. Y HOUSE 205,000 Unit 602 Tower 1 & Exchange Plaza Ayala Triangle, Makati City 1200 Y FREE 41,600 --------------- Total 246,600 B239FC RTG & COMPANY, INC. Y HOUSE 689,900 Unit 602 Tower 1 & Exchange Plaza Ayala Triangle, Makati City 1200 --------------- Total 689,900 B240AC S.J. Roxas & Co.,Inc. Y HOUSE 15,200

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 22 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units Unit 612 Tower One, Ayala Triangle, Ayala Avenue, Makati City 0 B240AC S.J. Roxas & Co.,Inc. --------------- Unit 612 Tower One, Ayala Triangle, Ayala Avenue, Makati City 0 Total 15,200 B243AC Fidelity Securities, Inc. Y HOUSE 36,400 2103-B PSE Centre, Exchange Road, Ortigas, Pasig City c 1600 --------------- Total 36,400 B246AC Summit Securities, Inc. Y HOUSE 22,100 Unit 2102 B/C PSE Center Tektite Tower East Exchange Road, Ortigas Center Pasig City 1600 --------------- Total 22,100 B247AC STANDARD SECURITIES CORPORATION Y HOUSE 240,500 #34 Jefferson St., GHW, San Juan Metro Manila 00 --------------- Total 240,500 B251AC TANSENGCO & CO., INC. Y HOUSE 1,060,700 U-2308 World Trade Exchange Condominium 215 Juan Luna St., Binondo, Manila 1006

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 23 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B251AC TANSENGCO & CO., INC. --------------- U-2308 World Trade Exchange Condominium 215 Juan Luna St., Binondo, Manila 1006 Total 1,060,700 B251FC TANSENGCO & CO., INC. Y HOUSE 45,500 U-2308 World Trade Exchange Condominium 215 Juan Luna St., Binondo, Manila 1006 --------------- Total 45,500 B252AC THE FIRST RESOURCES MANAGEMENT & SECURITIES CORP. Y HOUSE 7,100 Rms. 801-802, PSE Tower 1 Ayala Ave., cor. Paseo de Roxas,Ayala Triangle, Makati City 1200 --------------- Total 7,100 B253AC Tower Securities, Inc. Y HOUSE 491,400 1802-C Tektite Tower I Exchange Road, Ortigas Centre Pasig City 1600 --------------- Total 491,400 B253FC Tower Securities, Inc. Y HOUSE 2,600 1802-C Tektite Tower I Exchange Road, Ortigas Centre Pasig City 1600 --------------- Total 2,600 B255AC APEX Philippines Equities Corp. Y HOUSE 7,800 Unit 902, Antel Corporate Center, No. 139 Valero St., Salcedo Vill.,

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 24 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units Makati City 1227 B255AC APEX Philippines Equities Corp. --------------- Unit 902, Antel Corporate Center, No. 139 Valero St., Salcedo Vill., Makati City 1227 Total 7,800 B257AC TRI-STATE SECURITIES, INC. Y HOUSE 9,750 Unit 1007, 10/F Ayala Triangle Tower I, Ayala Avenue, Makati City 1226 --------------- Total 9,750 B259AC UCPB Securities, Inc. Y HOUSE 174,800 Suite 1612, 16/F Ayala Tower I Exchange Plaza, Ayala Ave. cor. Paseo de Roxas Makati City 1226 --------------- Total 174,800 B261AC e.securities, inc. Y HOUSE 3,900 11/F Exportbank Plaza Chino Roces cor Sen. Gil J. Puyat Ave, Makati City 1251 --------------- Total 3,900 B261FC e.securities, inc. Y HOUSE 1,300 11/F Exportbank Plaza Chino Roces cor Sen. Gil J. Puyat Ave., Makati City 1251

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 25 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B261FC e.securities, inc. --------------- 11/F Exportbank Plaza Chino Roces cor Sen. Gil J. Puyat Ave., Makati City 1251 Total 1,300 B266AC Vicsal Securities & Stock Brokerage,Inc. Y HOUSE 224,600 658 C. Palanca St., Quiapo,Manila 1001 --------------- Total 224,600 B267AC FIRST METRO SECURITIES BROKERAGE CORPORATION Y HOUSE 500,000 Unit 1515, 15/F Ayala Tower One Ayala Triangle, Ayala Ave. cor Paseo de Roxas Makati City 1226 Y FREE 81,750 --------------- Total 581,750 B267FC FIRST METRO SECURITIES BROKERAGE CORP. Y HOUSE 6,700 Unit 1515, 15/F Ayala Tower One Ayala Triangle, Ayala Ave. cor Paseo de Roxas Makati City 1226 --------------- Total 6,700 B269AC Wealth Securities, Inc. Y HOUSE 289,000 2103 PSE Centre, Exchange Road Ortigas Centre, Pasig City 1600 --------------- Total 289,000 B270AC Westlink Global Equities, Inc. Y HOUSE 224,250 6/F Philippine Stock Exchange Plaza

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 26 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units Ayala Avenue, Makati City 1200 B270AC Westlink Global Equities, Inc. --------------- 6/F Philippine Stock Exchange Plaza Ayala Avenue, Makati City 1200 Total 224,250 B272AC BERNAD SECURITIES, INC. Y HOUSE 464,100 3/F 1033 M.H. del Pilar St. Ermita, Manila 1000 --------------- Total 464,100 B275AC Yao & Zialcita, Inc. Y HOUSE 14,050 Yao Bldg., 577 A. Bonifacio Drive, Port Area,Manila 1018 --------------- Total 14,050 B278AC Yu & Company, Inc. Y HOUSE 101,400 Unit E 1606-B Tektite Tower 1 Exhange Road, Ortigas Center Pasig City 1600 --------------- Total 101,400 B279AC BDO Securities Corporation Y HOUSE 4,400,340 27/F Tower I & Exchange Plaza Ayala Ave., Makati City 1226 Y FREE 57,200 ---------------

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 27 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B279AC BDO Securities Corporation Total 4,457,540 27/F Tower I & Exchange Plaza Ayala Ave., Makati City 1226 B279FC BDO Securities Corporation Y HOUSE 2,600 27/F Tower I & Exchange Plaza Ayala Ave., Makati City 1226 --------------- Total 2,600 B282AC PCCI SECURITIES BROKERS CORP. Y FREE 195,000 3/F PCCI Corporate Centre 118 Alfaro St, Salcedo Village Makati City 1227 --------------- Total 195,000 B283AC Eagle Equities, Inc. Y HOUSE 275,600 179 Kaimito St. Valle Verde II, Pasig City 1600 --------------- Total 275,600 B285AC Golden Tower Securities & Holdings, Inc. Y HOUSE 231,400 4-B Vernida I Condominium, 120 Amorsolo St., Legaspi Village, Makati City 1229 Y FREE 57,200 --------------- Total 288,600 B286AC SOLAR SECURITIES, INC. Y HOUSE 1,697,150 Unit 3002-A East Tower, Phil. Stock Exchange Centre, Exchange Road, Ortigas Complex, Pasig City 1605

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 28 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units B286AC SOLAR SECURITIES, INC. --------------- Unit 3002-A East Tower, Phil. Stock Exchange Centre, Exchange Road, Ortigas Complex, Pasig City 1605 Total 1,697,150 B286AP SOLAR SECURITIES, INC. Y HOUSE 78,000 Unit 3002-A East Tower, Phil. Stock Exchange Centre, Exchange Road, Ortigas Complex, Pasig City 1605 --------------- Total 78,000 B288AC G.D. TAN & COMPANY, INC. Y HOUSE 153,600 Unit 2203-A East Tower, PSE Center Exchange Road, Ortigas Center, Pasig City 1600 --------------- Total 153,600 B323AC CLSA Philippines, Inc. Y FREE 520 Trafalgar Plaza, Unit 17-D, 105 H.V. dela Costa St., Salcedo Vill., Makati City 1227 --------------- Total 520 B328AC DW Capital Inc. Y HOUSE 53,300 1136 Solar St., Binondo, Manila 0 --------------- Total 53,300 B333AC UBS Securities Philippines, Inc. Y FREE 28,600 19/F Ayala Tower One, Ayala Ave., Makati City

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 29 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units 1200 B333AC UBS Securities Philippines, Inc. --------------- 19/F Ayala Tower One, Ayala Ave., Makati City 1200 Total 28,600 B345AC UNICAPITAL Securities Inc. Y HOUSE 379,600 4F Majalco Bldg Benavidez cor Trasierra Sts Legaspi Vill., Makati City 1200 --------------- Total 379,600 B388AC Armstrong Securities, Inc. Y HOUSE 4,900 Unit 2205-A, 22/F, PSE Centre Exchange Road, Ortigas Centre, Pasig City 1600 --------------- Total 4,900 B389AC King's Power Securities, Inc. Y HOUSE 279,900 RM 1602 FEDERAL TOWER DASMARINAS ST., BINONDO, MANILA 0 --------------- Total 279,900 B389FC King's Power Securities, Inc. Y HOUSE 45,500 RM 1602 FEDERAL TOWER DASMARINAS ST., BINONDO, MANILA 0 --------------- Total 45,500 DEUB10 Deutsche Bank Manila-Clients A/C Y HOUSE 4,681,170 26/F Ayala Tower One

06-JAN-2009 06-JAN-2009 11:26 PHIL. CENTRAL DEPOSITORY, INC. Page 30 eq_bensecqe_r.sql/01 EQ Beneficial Owner Report by Security (QE) for 24-DEC-2008 Security : PNX PHOENIX PETROLEUM Member Member Name and Address Resident Sub-Account Name Units Ayala Triangle, Makati City 1226 DEUB10 Deutsche Bank Manila-Clients A/C --------------- 26/F Ayala Tower One Ayala Triangle, Makati City 1226 Total 4,681,170 =============== Grand Total 49,896,640

*** End Of Report ***