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FEC Resources Inc. (FECOF)

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Last Post: 1/15/2019 8:36:01 AM - Followers: 98 - 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


 

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FECOF News: Report of Foreign Issuer (6-k) 08/22/2018 02:43:19 PM
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PostSubject
#10957  Sticky Note https://www.fecresources.net/ goforthebet 10/19/18 10:49:47 AM
#10696  Sticky Note a calculation post regarding the eventual share price goforthebet 08/19/18 07:00:40 AM
#9393  Sticky Note FECOF VALUATION IDEA: irishintelligence 04/12/18 05:06:25 PM
#11654   Rep. Gary Alejano wants to strengthen PH maritime goforthebet 01/15/19 08:36:01 AM
#11653   What’s the delay with the moratorium lifting announcement??? styl 01/11/19 05:37:05 PM
#11652   Irish......I didn't get an email? Email is hosedraggers@yahoo.com hosedraggers 01/10/19 08:22:13 PM
#11651   https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143684863 goforthebet 01/10/19 01:40:48 PM
#11650   Where is this info coming from eugenecj 01/10/19 12:33:39 PM
#11649   Ah so he is the seller. Good to know. Traderfan 01/10/19 12:31:29 PM
#11648   The person who has to sell 3 million HDYMANIAC 01/10/19 12:18:29 PM
#11647   I agree on that statement goforthebet 01/10/19 12:18:24 PM
#11646   Who is broke? Traderfan 01/10/19 12:11:30 PM
#11645   Timing is everything. HDYMANIAC 01/10/19 12:10:50 PM
#11644   Someone has been selling large but who is Traderfan 01/10/19 10:55:40 AM
#11642   Dennis Uy's firm gives P40-million downpayment for PXP eom7 01/09/19 12:48:30 PM
#11638   A reminder to my fellow shareholders, please connect irishintelligence 01/08/19 10:30:47 AM
#11634   We have a big buyer today, I guess Traderfan 01/08/19 10:04:38 AM
#11633   No. Traderfan 01/08/19 10:03:38 AM
#11632   Thanks, everyone! irishintelligence 01/08/19 10:01:36 AM
#11631   yes goforthebet 01/08/19 09:51:53 AM
#11630   YES eugenecj 01/08/19 09:39:33 AM
#11629   Quick question - did everyone receive my email irishintelligence 01/08/19 09:37:16 AM
#11628   Material Information/Transactions - PSE Edge PXP ENERGY goforthebet 01/08/19 08:09:09 AM
#11627   Yes the stock is super thin and can Traderfan 01/08/19 01:36:34 AM
#11625   Someone has been selling large but who is buying?? eugenecj 01/07/19 08:27:47 PM
#11624   I disagree. You can’t say “many believe” styl 01/07/19 08:24:50 PM
#11623   With this map stuff why release it now. ItsmorefuminPH 01/07/19 06:53:42 PM
#11622   I agree with you there is not enough ItsmorefuminPH 01/07/19 06:51:34 PM
#11621   Who knows who it is but overall I Traderfan 01/07/19 05:03:39 PM
#11620   I don’t think that at all. HDYMANIAC 01/07/19 04:45:10 PM
#11619   That makes sense for sure! irishintelligence 01/07/19 04:27:19 PM
#11618   when I remember right, Paul Wallace offered about goforthebet 01/07/19 03:56:37 PM
#11617   Not looking good here, threatening to go below Traderfan 01/07/19 02:39:59 PM
#11616   FEC Provides Map of Various Philippine Oil and styl 01/07/19 02:22:00 PM
#11615   Yes irishintelligence 01/07/19 12:44:36 PM
#11614   As far as I know Paul Wallace is goforthebet 01/07/19 11:30:11 AM
#11613   Why are these PRs coming out of Australia? eom7 01/07/19 11:05:07 AM
#11612   https://www.finanznachrichten.de/nachrichten-2019-01/45645689-fec-provides-map-o irishintelligence 01/07/19 09:32:39 AM
#11611   DOE calls for removal of oil exploration ban goforthebet 01/07/19 06:27:33 AM
#11610   Thanks buddy ItsmorefuminPH 01/06/19 04:34:50 AM
#11609   https://www.finanznachrichten.de/nachrichten-2019-01/45645689-fec-provides-map-o goforthebet 01/06/19 04:01:35 AM
#11608   What map ? ItsmorefuminPH 01/06/19 03:50:19 AM
#11607   Wow that piece of crap Wallace is on styl 01/05/19 07:18:39 AM
#11606   As part of our negotiations, we should be eom7 01/03/19 12:09:09 PM
#11605   PXP asks Department of Energy (DOE) lift the irishintelligence 01/03/19 11:54:12 AM
#11604   Published January 3, 2019 6:46pm irishintelligence 01/03/19 11:50:48 AM
#11603   So first the ph govt says the lifting styl 01/03/19 11:46:51 AM
#11602   I will try to get an answer and goforthebet 01/02/19 04:15:57 PM
#11601   Copy that. We need her to be ready...and irishintelligence 01/02/19 04:12:48 PM
#11600   that is still open. I have got no goforthebet 01/02/19 03:52:56 PM
#11599   Could someone email me the information we gathered irishintelligence 01/02/19 03:35:58 PM
#11598   Nice to see you back Blaze eugenecj 01/02/19 09:22:55 AM
#11597   wow https://www.fecresources.net/ JohnnyBlaze 01/01/19 11:32:36 PM
PostSubject