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FEC Resources Inc. (FECOF)

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Moderator: HDYMANIAC, goforthebet, irishintelligence
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Last Post: 9/21/2018 2:17:05 AM - Followers: 98 - Board type: Free - Posts Today: 0

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.

 

 


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FECOF News: Report of Foreign Issuer (6-k) 08/22/2018 02:43:19 PM
FECOF News: Report of Foreign Issuer (6-k) 06/04/2018 06:09:08 AM
FECOF News: Annual and Transition Report (foreign Private Issuer) (20-f) 04/30/2018 06:35:32 PM
PlusOneCoin Top Posts
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PostSubject
#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
#10838   the Flippers ALWAYS prefer 100% of nothing over sonnykapps 09/21/18 02:17:05 AM
#10837   As eloquent as ever and I agree. :-) HDYMANIAC 09/20/18 09:46:10 PM
#10836   I could care less who is selling or styl 09/20/18 08:46:26 PM
#10835   Aside from philex the only large owner is eugenecj 09/20/18 01:13:59 PM
#10834   I have 2 million myself :) do goforthebet 09/20/18 12:42:42 PM
#10833   there is ONLY 1 seller ........he is asset sonnykapps 09/20/18 12:37:59 PM
#10832   bid is looking weak and a lot sellers goforthebet 09/20/18 12:20:22 PM
#10831   maybe some other investor was sold out by goforthebet 09/20/18 11:53:56 AM
#10830   Nope I have been given a temporary jubbyjubber 09/20/18 10:53:44 AM
#10829   Did your broker sell you out over last eugenecj 09/20/18 10:51:26 AM
#10828   you are right. I have enough already, but goforthebet 09/20/18 02:43:25 AM
#10827   You probably have more than enough already. I HDYMANIAC 09/19/18 08:44:57 PM
#10826   Considering the amount of shares dumped it seems chickenvestor 09/19/18 06:40:49 PM
#10825   someone lost faith or needed money today. what goforthebet 09/19/18 11:24:41 AM
#10824   Any idea when they'll reschedule the meeting between styl 09/19/18 11:11:04 AM
#10823   Is there any other practical choice other than freesilver 09/18/18 01:07:37 PM
#10822   (From Fidelity) I chose the option to vote irishintelligence 09/18/18 08:04:23 AM
#10821   (From ETrade) irishintelligence 09/18/18 08:02:52 AM
#10820   http://www.fecresources.com/downloads/FEC-Notice-2018-AGM.pdf FEC RESOURC irishintelligence 09/18/18 07:33:57 AM
#10819   PH visit of China's top diplomat rescheduled over goforthebet 09/17/18 02:11:15 PM
#10818   "Leaders from China and the Philippines are expected irishintelligence 09/14/18 07:42:59 AM
#10817   http://www.xinhuanet.com/english/2018-09/10/c_137458644.htm irishintelligence 09/13/18 01:11:03 PM
#10816   http://www.gmanetwork.com/news/news/nation/666062/cayetano-i-raised-maritime-iss irishintelligence 09/13/18 01:10:36 PM
#10815   https://www.thetimes.co.uk/article/pragmatic-manila-barters-south-china-sea-terr irishintelligence 09/13/18 01:10:22 PM
#10814   https://www.wsj.com/articles/oil-and-gas-pact-poised-to-hand-china-a-victory-in- irishintelligence 09/13/18 01:09:57 PM
#10813   http://www.bworldonline.com/chinese-foreign-minister-set-to-visit-philippines/ irishintelligence 09/13/18 01:09:40 PM
#10812   https://www.philstar.com/headlines/2018/09/12/1850907/chinese-state-councilor-vi irishintelligence 09/13/18 01:09:23 PM
#10811   https://www.wsj.com/articles/oil-and-ga ... _lead_pos7 irishintelligence 09/13/18 01:09:12 PM
#10810   Chinese foreign minister set to visit Philippines irishintelligence 09/13/18 01:09:03 PM
#10809   Damn... screaming eom7 09/12/18 10:08:42 PM
#10808   Great start for pxp. Up to 16.30 now. styl 09/12/18 09:55:02 PM
#10807   ---------- Forwarded message --------- irishintelligence 09/12/18 06:53:50 PM
#10806   This is excellent information. Thank you. irishintelligence 09/12/18 05:18:08 PM
#10805   This is posted as information only. I was BurndB4 09/12/18 04:09:50 PM
#10804   relax ffs ........its happening sonnykapps 09/12/18 10:46:16 AM
#10803   Did they smelled something? Nagasdog 09/12/18 10:32:11 AM
#10802   Looks like seller gave up eugenecj 09/12/18 10:21:41 AM
#10801   Good sign... eom7 09/12/18 09:02:54 AM
#10800   APX PXP AB all up late in the day jubbyjubber 09/12/18 05:48:15 AM
#10799   he cancelled at the 11th hour and did sonnykapps 09/12/18 04:25:44 AM
#10798   Any newest from today's new address the 2nd SONA? Nagasdog 09/11/18 07:48:49 PM
#10797   What to believe anymore: styl 09/11/18 05:03:07 PM
#10796   Yep tell me about it... jubbyjubber 09/11/18 10:32:14 AM
#10795   Why did it take almost 2 months to eugenecj 09/11/18 10:04:28 AM
#10794   Ok looks like they were invoked again in jubbyjubber 09/11/18 08:28:16 AM
#10793   Does anyone know if the cease trade order jubbyjubber 09/11/18 08:21:37 AM
#10792   DOE to begin new contracting program for petroleum resources hain 09/11/18 04:30:10 AM
#10791   Rod to address the nation today in 2nd sonnykapps 09/11/18 02:18:11 AM
#10790   WSJ: https://www.wsj.com/articles/oil-and-gas-pact-poised-to-hand-china-a-victor eom7 09/10/18 10:45:49 AM
#10789   https://www.google.com/amp/s/m.scmp.com/news/china/diplomacy/article/2163415/wea styl 09/09/18 09:01:17 PM
PostSubject