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FEC Resources Inc. (FECOF)

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Last Post: 10/20/2017 10:49:04 AM - Followers: 90 - Board type: Free - Posts Today: 1

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


On  March  23,  2017,  PXP  announced  that  it  has  increased  its  shareholdings  in  Forum  Energy  Limited  (“FEP”)  from  48.8%  to  69.5%  through  a subscription for new ordinary shares.  The Company did not participate in this financing transaction.  There were no changes made to the board of FEP.  The PXP investment resulted in the dilution of the Company’s interest in FEP from 18.42% to 8.03%
 
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.forumenergyplc.com/
http://www.otcmarkets.com/stock/FECOF/company-info

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PostSubject
#8507   % mgland 10/20/17 10:49:04 AM
#8155  Sticky Note Duterte’s favorite tycoon rings a golden bell MWM 08/06/17 08:54:47 AM
#8506   Just sitting waiting, selling under .01 is just MWM 10/19/17 02:15:13 PM
#8505   hey boys and girls, what's going on here, hain 10/19/17 01:39:57 PM
#8504   At least they are retail, Etrade and CSTI MWM 10/18/17 02:36:06 PM
#8503   and what happens then? hain 10/18/17 12:08:00 PM
#8502   Now we have remnants of two one million eugenecj 10/18/17 09:47:51 AM
#8501   As mentioned b4 I went to a lot jubbyjubber 10/12/17 06:33:34 PM
#8500   Sound Familiar? MWM 10/12/17 06:04:43 PM
#8499   You're bidding, or you see bidding? jubbyjubber 10/12/17 12:55:29 PM
#8498   bidding here. mgland 10/12/17 11:42:16 AM
#8497   great for pxp and fec ? hain 10/12/17 11:39:41 AM
#8496   PXP nice push to close at the HOD MWM 10/12/17 09:03:33 AM
#8495   https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135274811 eom7 10/10/17 02:52:12 PM
#8494   Thank you sir... Such a deal would be geopressure 10/10/17 01:48:21 PM
#8493   Looks like your just getting back to trading MWM 10/10/17 01:02:55 PM
#8492   I don't really think it's going to matter, MWM 10/10/17 01:00:50 PM
#8491   Question: Are FEC's E&P Licenses inside China's "Nine geopressure 10/10/17 11:19:43 AM
#8490   Who wouldn't. lol I think our 6m eom7 10/10/17 10:32:16 AM
#8489   i just want to put this out there capn00 10/10/17 10:27:36 AM
#8488   i totally agree if an when we get capn00 10/10/17 10:24:12 AM
#8487   Even 2% of the pie is a few billion. MWM 10/10/17 10:23:03 AM
#8486   Always good to see someone trying to drop eom7 10/10/17 10:04:35 AM
#8485   Clearly they have nothing lol! MWM 10/10/17 09:59:55 AM
#8484   Overall Performance eom7 10/10/17 09:55:42 AM
#8483   yes, please! eom7 10/10/17 09:43:50 AM
#8482   As I said it looks to me like MWM 10/09/17 09:38:42 PM
#8479   Smart money? 0 volume today. They've diluted ownership hispeedsoul 10/09/17 11:29:13 AM
#8478   Once again, you might want to look at MWM 10/09/17 11:15:40 AM
#8477   gnoonster 10/09/17 11:15:26 AM
#8476   Yet none of this news does anything for hispeedsoul 10/09/17 11:08:47 AM
#8475   yes ,yes $$$$$ hain 10/09/17 10:08:38 AM
#8474   The Philippines plans to sign a contract with MWM 10/09/17 10:04:57 AM
#8473   South China Sea MWM 10/09/17 10:04:07 AM
#8472   The View !!! hain 10/09/17 09:44:46 AM
#8471   yes, it's only a short time until the hain 10/09/17 09:38:58 AM
#8470   well we are very close to the end gnoonster 10/09/17 08:01:28 AM
#8469   PXP up another 9% this morning jubbyjubber 10/09/17 06:40:39 AM
#8468   Post# 8298 eom7 MWM 10/06/17 09:23:29 AM
#8467   You might want to dig just a little MWM 10/06/17 09:21:10 AM
#8466   According to the latest filing in March 30th, hispeedsoul 10/06/17 09:08:23 AM
#8465   PXP Volume is very telling too... MWM 10/05/17 04:42:31 PM
#8464   Got to love the recent volume, Good sign MWM 10/05/17 04:39:48 PM
#8463   i wouldn't sell at this level... but it capn00 10/05/17 04:11:09 PM
#8462   ooh man what a f... hain 10/05/17 03:49:08 PM
#8461   Weeeee....nice! greenwillow 10/05/17 02:50:09 PM
#8460   There are too many other places to get MWM 10/05/17 02:36:19 PM
#8459   I remember the days when any symbol request kairos 10/05/17 02:31:03 PM
#8458   That was me that painted .01 lol! I MWM 10/05/17 02:30:23 PM
#8457   I have not requested a symbol in years, MWM 10/05/17 02:29:32 PM
#8456   wow ... that paint job makes the bank kairos 10/05/17 02:28:51 PM
PostSubject