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FEC Resources Inc. (FECOF)

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Last Post: 10/14/2019 4:53:32 AM - Followers: 96 - 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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PostSubject
#9393  Sticky Note FECOF VALUATION IDEA: irishintelligence 04/12/18 05:06:25 PM
#11889   Something seems seriously wrong here for a long Traderfan 10/14/19 04:53:32 AM
#11888   Not as I thought. The PXP in Manila Nagasdog 10/14/19 03:52:17 AM
#11887   I was waiting that after the last 2 Nagasdog 10/14/19 12:02:59 AM
#11886   https://businessmirror.com.ph/2019/10/07/china-sweetens-joint-energy-exploration irishintelligence 10/13/19 02:05:37 PM
#11885   https://globalnation.inquirer.net/180955/cusi-meeting-being-set-for-ph-chinese-e irishintelligence 10/13/19 02:02:07 PM
#11884   It is important to note that going to irishintelligence 09/18/19 03:31:58 PM
#11882   fm%3Anewmoney 09/14/19 08:25:45 PM
#11881   Well we don‘t have any other choice than Traderfan 09/14/19 12:11:23 PM
#11880   You need to be patient. We have two irishintelligence 09/14/19 11:33:57 AM
#11879   Oh and btw Traderfan 09/13/19 04:10:15 PM
#11878   you have no idea......just putting it out there....stuff Traderfan 09/13/19 04:08:07 PM
#11877   Stock making new lows yet again. Looks like Traderfan 09/12/19 02:30:04 PM
#11876   https://www.philstar.com/headlines/2019/09/12/1951170/duterte-ignore-scs-ruling- sonnykapps 09/11/19 06:15:49 PM
#11875   https://www.philstar.com/headlines/2019/09/11/1950925/duterte-ready-ignore-arbit sonnykapps 09/11/19 06:22:59 AM
#11874   Didn’t even pick up shares, no action on ErkCapital 08/30/19 10:07:22 PM
#11873   So are you what the RCMP call “pump ItsmorefuminPH 08/30/19 04:57:26 PM
#11872   Maybe someone should step up to the plate! eugenecj 08/29/19 11:16:22 AM
#11871   So which "genius" is sitting at 007 on Traderfan 08/29/19 11:00:54 AM
#11870   Did you guys buy the 6k shares yesterday Traderfan 08/28/19 04:10:39 PM
#11869   https://investorshub.advfn.com/boards/profilea.aspx?user=720948 it`s a fake ? hain 08/28/19 10:32:33 AM
#11868   Like the man asked!Who? eugenecj 08/28/19 09:22:27 AM
#11867   We are erk Capital ErkCapital 08/28/19 07:51:02 AM
#11866   who is erkcapital and team ? hain 08/28/19 07:50:13 AM
#11865   My team and I are starting to look ErkCapital 08/28/19 12:52:12 AM
#11864   this is very good hain 08/27/19 02:20:41 PM
#11863   https://cnnphilippines.com/news/2019/8/25/carpio-locsin-terms-of-reference-joint irishintelligence 08/27/19 10:03:40 AM
#11862   In Manila the stock closed over 13 (13.8) Nagasdog 08/19/19 01:49:14 PM
#11861   https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00005275 We irishintelligence 08/17/19 05:51:59 PM
#11860   If you have not yet done so, I irishintelligence 08/15/19 04:17:53 PM
#11859   yes the idea is good, only the implementation hain 08/15/19 01:35:42 PM
#11858   I have received several replies and have had irishintelligence 08/15/19 01:35:02 PM
#11857   Does the guy ever replies or is he Traderfan 08/15/19 11:15:25 AM
#11856   ---------- Forwarded message --------- irishintelligence 08/15/19 10:00:14 AM
#11855   PXP back above 12 up nearly 7% this morning jubbyjubber 08/13/19 02:21:22 AM
#11854   I have. They have no idea we are irishintelligence 08/07/19 05:41:39 PM
#11853   I have. They have no idea we are irishintelligence 08/07/19 05:41:38 PM
#11852   Have you ever asked yourself the question why Traderfan 08/07/19 04:31:52 PM
#11851   ---------- Forwarded message --------- irishintelligence 08/07/19 04:06:01 PM
#11850   Certainly not on FECOF. Back down to 005's. Traderfan 08/07/19 03:26:58 PM
#11849   https://quotes.wsj.com/PH/PXP Things are looking up... irishintelligence 08/06/19 10:59:06 AM
#11848   MOU on WPS oil exploration may be on hain 08/05/19 01:42:34 PM
#11847   https://quotes.wsj.com/PH/PXP irishintelligence 08/05/19 01:30:39 AM
#11846   https://www.cnnphilippines.com/news/2019/8/4/president-duterte-xi-jin-ping-bilat irishintelligence 08/04/19 10:46:21 AM
#11845   Ahhh...yes...while I am not an attorney and cannot irishintelligence 08/03/19 12:00:24 PM
#11844   Irish, I sent you an E-Mail regarding the March BurndB4 08/02/19 06:38:42 PM
#11843   http://financemanila.advfn.com/forum/viewtopic.php?f=1&t=1121&sd=d irishintelligence 08/02/19 05:58:13 PM
#11842   https://www.philstar.com/business/2019/08/02/1939789/pxp-energy-eyes-more-oil-ga irishintelligence 08/02/19 05:55:35 PM
#11841   The stock says no. Traderfan 08/01/19 03:21:02 PM
#11840   I am not to expert to understand this Nagasdog 08/01/19 01:01:06 PM
#11839   https://www.philstar.com/headlines/2019/08/01/1939724/china-acknowledges-philipp irishintelligence 08/01/19 05:35:58 AM
PostSubject