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FEC Resources Inc. (FECOF)

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Last Post: 12/10/2017 12:20:17 PM - Followers: 88 - Board type: Free - Posts Today: 3

FEC Resources Inc

Major Shareholders
PXP Energy Corporation  225,000,000
Asian Coast International 67,740,000
CDS&Co 49,975,191  
CEDE & Co 38,775,155 
  
O/S: 409,143,765
FLOAT: 27,644,514


On  March  23,  2017,  PXP  announced  that  it  has  increased  its  shareholdings  in  Forum  Energy  Limited  (“FEP”)  from  48.8%  to  69.5%  through  a subscription for new ordinary shares.  The Company did not participate in this financing transaction.  There were no changes made to the board of FEP.  The PXP investment resulted in the dilution of the Company’s interest in FEP from 18.42% to 8.03%
 
Forum Energy’s holdings
·         70% interest in Service Contract 72 (SC 72), an offshore license which contains the Sampaguita Gas Field as well as several additional oil and gas leads;
·         66.7% interest in SC 40 (Cebu), a service contract which contains the onshore Libertad Gas Field and Maya discovery and several other prospects
·         100% interest in Forum Energy Philippines Corporation, a company with varying interests in nine (9) offshore fields west of the Philippines including a 2.27% interest in the producing Galoc Field.
 
Forum’s principal asset is a 70% interest in the SC 72/GSEC101 offshore license located to the north west of the Philippine island of Palawan. The area is some 10,360 Km2 and contains the Sampaguita gas discovery which has expected gas in place of 3.4TCF and potential upside to 20 TCF (“Trillion Cubic Feet”). Potential unrisked reserve estimates for the seven prospects and three discoveries within the licenses initially acquired by Forum total some 900 mmbbls of oil equivalent or 5.5 TCF. 
Links
http://www.fecresources.com/
http://www.forumenergyplc.com/
http://www.otcmarkets.com/stock/FECOF/company-info

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PostSubject
#8155  Sticky Note Duterte’s favorite tycoon rings a golden bell MWM 08/06/17 08:54:47 AM
#8593   DITTO eugenecj 12/10/17 12:20:17 PM
#8592   its been down to 8% for over a gnoonster 12/10/17 12:16:51 PM
#8591   Wow from 30% to 6%, garbage JohnnyBlaze 12/10/17 01:13:55 AM
#8590   Yes but they need to stop giving the MWM 12/07/17 09:41:08 AM
#8589   not a massive surprise, and equally not that gnoonster 12/07/17 09:38:21 AM
#8588   FEC Reports on Sale of Forum Energy Limited Shares MWM 12/07/17 09:33:08 AM
#8587   light at the end of the tunnel??.......announcement during gnoonster 12/03/17 12:13:32 AM
#8586   well El Presidente did say it would be gnoonster 12/03/17 12:03:06 AM
#8585   Does anybody see any light in the tunnel? Nagasdog 12/02/17 11:36:19 AM
#8584   Eggzactly! MWM 11/29/17 04:33:35 AM
#8583   Yes let's get something done! MWM 11/29/17 04:33:11 AM
#8582   Gov't urged to explore Reed Bank gas field hain 11/29/17 03:37:44 AM
#8581   i.ytimg.com/vi/s-Vb6jeWYe0/hqdefault.jpg mgland 11/28/17 06:51:29 PM
#8580   http://www.philstar.com/headlines/2017/11/22/1761460/duterte-says-lifting-ban-so gnoonster 11/27/17 06:23:42 AM
#8579   Do not eat so much turkey, rather buy FEC hain 11/23/17 10:50:41 AM
#8578   that shows a positive thinking hain 11/23/17 08:18:57 AM
#8577   http://www.manilatimes.net/duterte-open-lifting-ban-west-ph-sea-exploration/3645 gnoonster 11/23/17 06:47:24 AM
#8576   HAPPY THANKSGIVING DAY TO ALL. Nagasdog 11/22/17 12:46:09 PM
#8572   yes you do not want to feed the speculation hain 11/22/17 09:59:47 AM
#8571   i read an article based on the same gnoonster 11/22/17 07:43:43 AM
#8570   Duterte considers lifting moratorium on South China Sea explorations hain 11/22/17 03:17:26 AM
#8569   Is on Friday the market open? if as Nagasdog 11/21/17 11:45:57 PM
#8568   well we ONLY need a jv and lifting gnoonster 11/21/17 04:52:57 PM
#8567   yeah 10? why not hundred? capn00 11/21/17 02:48:37 PM
#8566   Very interesting! Thanks for Posting! MWM 11/21/17 11:14:17 AM
#8565   close gnoonster 11/21/17 11:11:53 AM
#8564   interesting interview hain 11/21/17 10:31:28 AM
#8563   PXP up 15% still we Don't move jubbyjubber 11/21/17 10:03:39 AM
#8562   I presume there was no news out of jubbyjubber 11/21/17 10:02:05 AM
#8561   yes it will come hain 11/21/17 09:50:10 AM
#8560   Something is definitely cooking! MWM 11/21/17 09:09:21 AM
#8559   FECOF will hit the $10.00 some day too, Nagasdog 11/21/17 09:08:36 AM
#8558   PXP Hit $10.98 this morning! Releash the Kracken! MWM 11/21/17 08:28:29 AM
#8557   Nice! It’s coming! MWM 11/20/17 10:53:07 PM
#8556   New 52 week high! eom7 11/20/17 10:32:36 PM
#8555   CRAZY! eom7 11/20/17 11:02:33 AM
#8554   PXP testing $10 again tonight, crazy that FECOF MWM 11/19/17 11:08:46 PM
#8553   UP... OF COURSE Nagasdog 11/17/17 09:08:49 PM
#8552   Which WAY??????????? eugenecj 11/17/17 05:18:17 PM
#8551   But not moving. Nagasdog 11/17/17 03:01:12 PM
#8550   VERY GOOD... ENCOURAGING NEWS... Nagasdog 11/17/17 08:50:29 AM
#8549   China open to joint oil exploration hain 11/17/17 03:07:16 AM
#8548   well lets not get to ahead of ourselves gnoonster 11/14/17 12:37:18 PM
#8547   I like the news !!! hain 11/14/17 11:55:59 AM
#8546   lets see what PXP does over the coming gnoonster 11/14/17 11:35:19 AM
#8545   we will see, gently gently catchy monkey gnoonster 11/14/17 11:34:24 AM
#8544   Philippines President Says China Agrees to Work on hain 11/14/17 11:25:16 AM
#8543   PXP Energy eyes Reed Bank oil exploration activities hain 11/14/17 11:21:40 AM
#8542   Pangilinan still optimistic over oil hunt in West hain 11/14/17 11:06:56 AM
#8541   I think something will move there hain 11/13/17 09:11:29 AM
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