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FEC Resources Inc. (FECOF)

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Last Post: 7/19/2018 8:07:35 AM - Followers: 99 - Board type: Free - Posts Today: 5

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) 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
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PostSubject
#9587  Sticky Note Duterte, Xi give 'go signal' to craft joint MWM 04/17/18 04:40:29 PM
#9585  Sticky Note I like this article better: HDYMANIAC 04/17/18 04:12:03 PM
#9393  Sticky Note FECOF VALUATION IDEA: irishintelligence 04/12/18 05:06:25 PM
#10485   hmmm, that is scary. I know from a goforthebet 07/19/18 08:07:35 AM
#10484   They tried to do it in December but jubbyjubber 07/19/18 08:05:04 AM
#10483   ok, thanks. and they told you you have goforthebet 07/19/18 07:59:11 AM
#10482   Interactive investor the old TD Direct investing jubbyjubber 07/19/18 07:57:11 AM
#10481   sorry, what name?? Li broker London I cannot goforthebet 07/19/18 07:56:10 AM
#10480   Ii jubbyjubber 07/18/18 05:41:54 PM
#10479   which broker is that? thx goforthebet 07/18/18 04:21:11 PM
#10478   FYG A certain london broker is closing all jubbyjubber 07/18/18 04:15:06 PM
#10477   PXP closed up 0.60, 6.06%, the best numbers Nagasdog 07/18/18 03:39:14 AM
#10476   sounds all good imo. getting closer to a goforthebet 07/17/18 11:54:51 AM
#10475   Duterte: China never asked PH for 'one square hain 07/17/18 11:29:10 AM
#10474   Reed Bank and Malampaya hain 07/17/18 11:24:52 AM
#10473   there headquarter in Europe is in Switzerland, but goforthebet 07/17/18 01:41:10 AM
#10472   Interactive broker's where? jubbyjubber 07/16/18 04:07:08 PM
#10471   yes, Interactive Brokers goforthebet 07/16/18 03:58:18 PM
#10470   hi does anyone here hold this stock or jubbyjubber 07/16/18 03:20:43 PM
#10469   If Duterte repeats next week on 23rd that Nagasdog 07/15/18 10:53:58 PM
#10468   South China Sea Exercises Fortify Once Edgy U.S.-Philippine Relations goforthebet 07/14/18 06:14:56 AM
#10467   Will we ever get out of the .02's eugenecj 07/13/18 02:09:45 PM
#10466   I hope that day we will read the Nagasdog 07/13/18 11:46:22 AM
#10465   6 trading days... let the countdown begin! eom7 07/13/18 10:53:29 AM
#10464   https://asia.nikkei.com/Politics/International-Relations/Duterte-under-pressure- goforthebet 07/12/18 01:47:22 PM
#10463   https://www.philstar.com/headlines/2018/07/12/1832919/palace-dares-critics-duter goforthebet 07/12/18 01:44:08 PM
#10462   I mean, this is a calm before the storm hain 07/12/18 05:40:41 AM
#10461   Hi Hein, what this means Nagasdog 07/11/18 05:06:42 PM
#10460   but the lake does not rest for long !!! hain 07/11/18 01:18:48 PM
#10459   Duterte's SONA 2018 will be 'straight from the heart' goforthebet 07/09/18 10:05:59 AM
#10458   that is my intention as well. holding for goforthebet 07/09/18 06:50:33 AM
#10457   With all these encouraging news I believe from Nagasdog 07/08/18 04:46:47 PM
#10456   thanks a lot for the encouraging finds irish. goforthebet 07/08/18 02:15:57 PM
#10455   State of the Nation Address (SONA) is scheduled irishintelligence 07/08/18 11:12:22 AM
#10454   http://www.fmprc.gov.cn/mfa_eng/wjbxw/t1572779.shtml irishintelligence 07/08/18 11:06:51 AM
#10453   https://twitter.com/itradeph/status/1014670443909824513 irishintelligence 07/08/18 11:06:29 AM
#10452   [NGW MAGAZINE] PHILIPPINES E&P HOPES RETURN irishintelligence 07/08/18 11:06:06 AM
#10451   hang onto your hats ladies.........word is Rod to sonnykapps 07/07/18 09:32:49 PM
#10450   ok, so if that is correct it just goforthebet 07/06/18 08:07:07 AM
#10449   Exposed ? Homebrew 07/06/18 06:48:59 AM
#10448   can anyone pls. help me out. what does goforthebet 07/06/18 06:38:59 AM
#10447   PH can invade China in 4001, jokes Duterte hain 07/06/18 03:15:51 AM
#10446   I think because the vacation started? maybe tomorrow Nagasdog 07/06/18 01:02:36 AM
#10445   No trades two (2)days eugenecj 07/05/18 03:22:20 PM
#10444   gm sonny. what does that mean for FECOF? goforthebet 07/05/18 02:01:37 AM
#10443   Is any thing good for FECOF the last article? Nagasdog 07/04/18 09:25:20 PM
#10442   Rod to announce charter change later this month sonnykapps 07/04/18 04:38:21 PM
#10441   Chinese company eyeing other areas in PH petroleum hain 07/03/18 10:33:00 AM
#10440   I am waiting for that to happen.. I goforthebet 07/03/18 10:22:57 AM
#10439   I'll worry if it gets hit eugenecj 07/03/18 10:15:40 AM
#10438   shareprice going lower and lower. we have seen goforthebet 07/03/18 09:58:56 AM
#10437   Hi sonnykapps, you mean nothing good news expecting Nagasdog 07/02/18 06:30:55 PM
#10436   would be great if that refers to a goforthebet 07/02/18 06:46:54 AM
PostSubject