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FEC Resources Inc. (FECOF)

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Last Post: 11/19/2018 11:33:48 PM - Followers: 97 - 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
FECOF News: Report of Foreign Issuer (6-k) 06/04/2018 06:09:08 AM
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#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
#11198   https://www.facebook.com/MIAAGovPh/videos/2117291141647054/ irishintelligence 11/19/18 11:33:47 PM
#11197   This is the email opening history of the irishintelligence 11/19/18 07:49:17 PM
#11196   Yes. 7PM CST. irishintelligence 11/19/18 07:36:52 PM
#11195   Hey quick the conference is 700pm central standard edward1981 11/19/18 07:33:00 PM
#11194   https://m.youtube.com/watch?v=addu94XZevA No conflict of interest here... mov HDYMANIAC 11/19/18 07:17:51 PM
#11193   https://www.firstpacific.com/wp-content/uploads/2015/11/19398_LTN201507025511.pd irishintelligence 11/19/18 06:32:07 PM
#11192   I hope you change your mind. You will HDYMANIAC 11/19/18 05:43:32 PM
#11191   You should interrupt your sleep for half an styl 11/19/18 05:20:23 PM
#11190   I wonder how to get info and see styl 11/19/18 05:04:24 PM
#11189   to all :) the time of the CC goforthebet 11/19/18 04:38:12 PM
#11188   ---------- Forwarded message --------- irishintelligence 11/19/18 02:41:14 PM
#11187   PXP owns 72.18% of Forum Energy and is irishintelligence 11/19/18 02:33:38 PM
#11186   DoE to launch new energy contracting round this goforthebet 11/19/18 11:04:02 AM
#11185   PXP & APX up 5% on large volume eugenecj 11/19/18 07:59:25 AM
#11184   that is what I did. maybe some detailed goforthebet 11/19/18 06:54:48 AM
#11183   2 senators ask Duterte to release details of HDYMANIAC 11/19/18 06:35:22 AM
#11182   and so i replied to eyesgonzales@gmail.com; rollem777 11/19/18 06:25:11 AM
#11181   i didn't answer but will thank her her rollem777 11/19/18 06:18:59 AM
#11180   I have got the same answer from her. goforthebet 11/19/18 05:22:55 AM
#11179   i find it hard to believe pxp thinks rollem777 11/19/18 05:17:34 AM
#11178   I agree. The only saving grace is that styl 11/19/18 02:24:49 AM
#11177   One way China could bypass Locsin’s department would ItsmorefuminPH 11/19/18 12:20:59 AM
#11176   OOPS - we have informed PXP of our rollem777 11/18/18 11:24:21 PM
#11175   All of the big players have taken a HDYMANIAC 11/18/18 06:22:56 PM
#11174   Nice. irishintelligence 11/18/18 03:28:35 PM
#11173   https://www.philstar.com/headlines/2018/11/19/1869816/35-agreements-be-inked-dur sonnykapps 11/18/18 03:24:02 PM
#11172   Keep up the good work. edward1981 11/18/18 01:33:17 PM
#11171   ---------- Forwarded message --------- irishintelligence 11/18/18 12:59:08 PM
#11170   Why China chose Arroyo over Aquino goforthebet 11/18/18 03:38:56 AM
#11169   this is the updated email list - everyone rollem777 11/17/18 08:34:22 PM
#11168   ellentordesillas@gmail.com Did I share this one yet? She responded. irishintelligence 11/17/18 01:57:48 PM
#11167   This is becoming fun AND productive. MANY of irishintelligence 11/17/18 01:56:50 PM
#11166   This is fantastic! irishintelligence 11/17/18 12:54:33 PM
#11165   some more goforthebet 11/17/18 10:17:02 AM
#11164   the michelle email did not come back to me goforthebet 11/17/18 09:43:55 AM
#11163   This is huge IMO! This is an article HDYMANIAC 11/17/18 09:12:40 AM
#11162   this is not my game however we need rollem777 11/17/18 06:04:24 AM
#11161   goforthebet rollem777 11/17/18 06:01:04 AM
#11160   I guess so. Interesting story for them. And goforthebet 11/17/18 05:01:03 AM
#11159   this one is not working for me goforthebet 11/17/18 04:56:17 AM
#11158   The ball is rolling. After a bit of HDYMANIAC 11/17/18 04:21:06 AM
#11157   correct, I did that too yesterday with some goforthebet 11/17/18 04:04:11 AM
#11156   I've sent the following letter to all the rollem777 11/17/18 12:10:14 AM
#11155   Re: HDYMANIAC post# 11147 rollem777 11/16/18 08:18:03 PM
#11154   If you draft something that folks could copy eom7 11/16/18 11:28:59 AM
#11153   It's already done, this is just a formality... finally! eom7 11/16/18 11:27:04 AM
#11152   Sotto said discussions on the matter are now irishintelligence 11/16/18 10:19:21 AM
#11151   Thank you!! irishintelligence 11/16/18 09:41:22 AM
#11150   Very positive assessment. HDYMANIAC 11/16/18 09:24:27 AM
#11149   Amid joint exploration talks, Sotto says China now HDYMANIAC 11/16/18 07:30:12 AM
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