June 17 (Reuters) - Gas2grid Ltd GGX.AX :
* ADVISES PHILIPPINE DEPARTMENT OF ENERGY DENIED TIME EXTENSION UNDER FORCE MAJEURE
* PHILIPPINE DOE DENIED CO'S REQUEST TO DELAY UNTIL END OF JULY COMMENCEMENT OF DRILLING OPERATIONS ON NUEVO MALOLOS-1 DEEPENING
* DOE ADVISED CO TO COMMENCE DRILLING OPERATIONS AS PER CONDITIONS OF 2-YEAR EXTENSION, INCLUDING DRILLING NUEVO MALOLOS-1 DEEPENING BY 3RD JULY
* FAILURE TO COMPLY WITH DOE RISKS TERMINATION OF SERVICE CONTRACT; CO WILL CHALLENGE BASIS OF DOE DECISION