ACE ENEXOR INC

ACE Enexor, Inc. (ACEX), formerly PHINMA Petroleum and Geothermal, Inc., is a Philippine corporation organized on September 28, 1994, as a wholly-owned subsidiary of PHINMA Energy Corporation (PHEN). ACEX's primary business is the exploration and production of crude oil and natural gas through interests in petroleum contracts and through holdings in resource development companies with interests in petroleum contracts. The Company began its foray into the exploration and development of geothermal resources in 2017.