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FEC Resources Inc. (FECOF)

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Last Post: 8/5/2020 3:48:54 AM - Followers: 93 - 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: Prospectus Filed Pursuant to Rule 424(b)(2) (424b2) 06/26/2020 05:16:19 PM
FECOF News: Securities Registration (foreign Private Issuer) (f-1/a) 06/19/2020 11:52:53 AM
FECOF News: Securities Registration (foreign Private Issuer) (f-1/a) 05/12/2020 04:00:26 PM
PostSubject
#11971   Well the news release says ................increasing their interest ItsmorefuminPH 08/05/20 03:48:54 AM
#11970   Did anyone subscribe to rights offering other than PXP eugenecj 08/03/20 09:26:42 AM
#11969   Not sure if this helps or hinders at BurndB4 07/31/20 03:35:14 PM
#11968   PXP Energy stands by to resume drilling of hain 07/29/20 08:26:12 AM
#11967   I have been phoned by my broker this jubbyjubber 07/29/20 05:02:46 AM
#11966   I received the offering through TD Ameritrade yesterday. BurndB4 07/12/20 12:56:40 PM
#11965   Nothing but how would they get your email ItsmorefuminPH 07/12/20 10:21:02 AM
#11964   Did NOT eugenecj 07/11/20 06:22:44 PM
#11963   Did anyone else get an email, with this sidedraft 07/11/20 03:39:42 PM
#11962   Why would PXP spend 1.2-2 million on eugenecj 06/29/20 07:00:50 AM
#11961   PXP in Manila closed up 32 with 20 Nagasdog 06/24/20 04:30:47 AM
#11960   How do we get Dave Portsoy to promote ItsmorefuminPH 06/17/20 08:46:14 AM
#11959   what is this ? hain 05/21/20 11:17:53 AM
#11958   News Offering hain 05/13/20 10:23:43 AM
#11957   I know it as Forum Energy and that BurndB4 04/24/20 11:47:35 AM
#11956   That is correct it is not listed anywhere,but eugenecj 04/20/20 04:21:46 PM
#11955   What the hell I'm doing on this board BurndB4 04/20/20 03:03:35 PM
#11954   Do not understand why PXP would excercise rights eugenecj 04/18/20 03:07:44 PM
#11953   PXP can offer public shareholders .05 per for eugenecj 04/18/20 01:05:32 PM
#11952   Not who,what.forum energy.why are you on this board eugenecj 04/15/20 10:45:31 PM
#11951   Ok, I'll bite. Who is FEL ? BurndB4 04/15/20 09:50:29 PM
#11950   Any comments on yesterdays news of fel sale eugenecj 04/15/20 02:02:33 PM
#11949   FECOF will make R/S if there have a Nagasdog 02/20/20 11:17:52 PM
#11948   Today PXP in Manila closed with 7 million Nagasdog 01/28/20 02:49:22 PM
#11947   I have not received the Prosectus and I BurndB4 01/09/20 10:14:16 AM
#11946   So is anyone participating in the Rights issue? jubbyjubber 01/07/20 01:34:45 PM
#11945   Still confused ...... Irish you say they dumped ItsmorefuminPH 12/21/19 01:23:51 AM
#11944   Still confused ...... Irish you say they dumped ItsmorefuminPH 12/21/19 01:23:41 AM
#11943   Thanks for everything you do in regards to Traderfan 12/20/19 05:19:20 PM
#11942   FECOF Team, just spoke with Trader Fan on irishintelligence 12/20/19 05:08:50 PM
#11941   Please retweet irishintelligence 12/20/19 03:53:00 PM
#11940   This is a backdoor sale of Forum. irishintelligence 12/20/19 02:31:53 PM
#11939   This stock should be at 5-8 cents and Traderfan 12/20/19 02:06:18 PM
#11938   Well they say they will not sell any ItsmorefuminPH 12/20/19 02:04:45 PM
#11937   Of course the main question here is will Traderfan 12/20/19 01:46:46 PM
#11936   i agree with Traderfan if you don’t participate ItsmorefuminPH 12/20/19 01:42:53 PM
#11935   Check your email...let's talk. irishintelligence 12/20/19 12:17:21 PM
#11934   You are all receiving an email from me irishintelligence 12/20/19 12:14:58 PM
#11933   Why not? 0022 not cheap anymore for this Traderfan 12/20/19 12:13:04 PM
#11932   I would not recommend participating... irishintelligence 12/20/19 12:09:58 PM
#11931   What would be the value of the rights? Traderfan 12/20/19 05:35:41 AM
#11930   The document says “ A copy of the ItsmorefuminPH 12/20/19 05:31:51 AM
#11929   What you mean with „not receiving cash“? Anybody Traderfan 12/20/19 03:50:43 AM
#11928   Help . This is my only US OTC ItsmorefuminPH 12/20/19 12:55:58 AM
#11927   Count me in, I have a good amount Traderfan 12/19/19 05:36:29 PM
#11926   The best one can do at this point irishintelligence 12/19/19 05:25:29 PM
#11925   Update still coming? I figure if PXP thinks Traderfan 12/19/19 10:37:16 AM
#11924   I did often state that irishintelligence 12/19/19 09:39:07 AM
#11923   Didn‘t you often state that they won‘t pull Traderfan 12/19/19 06:18:00 AM
#11922   FEC Resources owns 6.8% of Forum Energy irishintelligence 12/18/19 04:27:03 PM
PostSubject