Home > Boards > US OTC > Oil/Gas/Natural Energy Production >

FEC Resources Inc. (FECOF)

FECOF RSS Feed
Add FECOF Price Alert      Hide Sticky   Hide Intro
Moderator:
Search This Board: 
Last Post: 3/3/2021 2:19:25 AM - Followers: 96 - Board type: Free - Posts Today: 0

www.fecresources.net


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


FEC's interest in Forum is 6.80%
 
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.pxpenergy.com.ph/
http://www.otcmarkets.com/stock/FECOF/company-info







FECOF VALUATION IDEA:

--Page 41 of the 2017 PXP audited financial statements shows that 87% of the PXP net assets (not including FECOF) are attributable to Forum Energy Limited (FEL). 

--87% * (PXP Share Price * 1,700,000,000 PXP shares outstanding) = the Philippine Peso public market valuation of  72.18% of FEL.

--FECOF owns 6.8% of FEL.

 


www.fecresources.net


 

FECOF
Current Price
Volume:
Bid Ask Day's Range
  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
FECOF News: Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) 12/02/2020 06:01:14 AM
FECOF News: Statement of Beneficial Ownership (sc 13d) 10/30/2020 10:35:37 AM
FECOF News: Statement of Changes in Beneficial Ownership (4) 10/30/2020 10:09:26 AM
PostSubject
#12040   Still holding irishintelligence 03/03/21 02:19:25 AM
#12039   one Penny for the great Oilstock hain 02/24/21 11:15:29 AM
#12038   There is only one partner CNOOC this ItsmorefuminPH 02/19/21 09:57:49 AM
#12037   the president authorized the drilling hain 02/18/21 07:38:12 AM
#12036   For starters... futrcash 02/17/21 02:50:20 PM
#12035   here must be a penny hain 02/17/21 09:26:45 AM
#12034   hey hey what is here ? a new Gamestop hain 02/16/21 02:40:53 PM
#12033   PXP owns FECOF. PXP currently owns 674,999,986 out Shift-4 12/16/20 06:10:01 PM
#12032   But where they mention the FECOF....... Nagasdog 12/16/20 06:07:00 PM
#12031   Potential hain 12/15/20 06:38:59 AM
#12030   Philippines gets energy exploration offers for 3 sites hain 12/15/20 06:24:36 AM
#12029   4 more days like that and I will ItsmorefuminPH 12/09/20 01:51:52 PM
#12028   Nice percentage move today! jubbyjubber 12/08/20 05:25:56 PM
#12027   More News ItsmorefuminPH 12/04/20 02:06:50 PM
#12026   NEWS hain 12/03/20 09:17:34 AM
#12025   Basin studies key to enticing investors in oil, hain 11/24/20 09:22:32 AM
#12024   THE CLOCK IS TICKING FOR SC72 and CHINA ItsmorefuminPH 11/23/20 02:35:30 PM
#12023   PXP CNOOK hain 11/23/20 09:01:42 AM
#12022   61% up? I am rich.............. Nagasdog 11/19/20 03:06:12 PM
#12021   https://www.asiatimesfinancial.com/china-to-start-big-oil-and-gas-project-in-sou jubbyjubber 11/15/20 05:31:51 PM
#12020   All I am saying is the clock is ItsmorefuminPH 11/09/20 08:52:15 AM
#12019   eugenecj, with that article interpretation... stervc 11/09/20 06:28:33 AM
#12018   Agreed, don‘t see at all how this article Traderfan 11/09/20 05:33:57 AM
#12017   Maybe ItsmorefuminPH 11/07/20 08:30:34 AM
#12016   I think you are reading this article wrong.This eugenecj 11/07/20 08:27:33 AM
#12015   Quote “The Philippine government has directed Pangilinan-led PXP ItsmorefuminPH 11/07/20 04:18:36 AM
#12014   Not good news in this local article ItsmorefuminPH 11/07/20 04:08:35 AM
#12013   This link is useful ItsmorefuminPH 10/31/20 04:52:01 AM
#12012   This link is useful ItsmorefuminPH 10/31/20 04:49:13 AM
#12011   PXP is up 8.42% with volume 12.374.000, Nagasdog 10/30/20 01:08:40 PM
#12010   Wow, a third filing today. This one is Shift-4 10/30/20 10:53:54 AM
#12009   Yeah, I don't know how the community is Shift-4 10/30/20 10:18:02 AM
#12008   Then the Form 4 which posted now just Shift-4 10/30/20 10:17:11 AM
#12007   I saw it and wondered about comments here. Traderfan 10/30/20 10:16:47 AM
#12006   Wow, no comment on yesterday's change of PXP Shift-4 10/30/20 10:05:10 AM
#12005   Open at 11 to close the gap signals Shift-4 10/22/20 09:32:19 AM
#12004   This guy is totally lost somehow. I‘m not Traderfan 10/21/20 01:11:36 AM
#12003   Read the pink sheets regulation and caution. This Nagasdog 10/20/20 08:12:48 PM
#12002   Are you confused on something? Traderfan 10/20/20 07:00:03 PM
#12001   what are you saying???? eugenecj 10/20/20 04:17:21 PM
#12000   Be care full people,don't believe everything that you Nagasdog 10/20/20 02:39:24 PM
#11999   Still I am asking, what is cooking on Nagasdog 10/20/20 12:02:36 PM
#11998   New articles not bad hain 10/20/20 11:53:35 AM
#11997   Well obviously the exchange has them asked to Traderfan 10/20/20 10:05:25 AM
#11996   Only that they know of no non public eugenecj 10/20/20 08:09:13 AM
#11995   What does this latest press release mean ? ItsmorefuminPH 10/20/20 07:44:57 AM
#11994   What you mean „maybe something is cooking“? We Traderfan 10/19/20 05:15:49 AM
#11993   Yes PXP up 50% with 7 million trading Nagasdog 10/19/20 12:22:42 AM
#11992   PDP up an additional 50 % eugenecj 10/18/20 10:48:16 PM
#11991   https://www.philstar.com/headlines/2020/10/18/2050388/beijing-claims-consensus-r sonnykapps 10/18/20 10:34:51 PM
PostSubject
Consent Preferences