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FEC Resources Inc. (FECOF)

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Last Post: 4/20/2018 10:54:16 PM - Followers: 104 - Board type: Free - Posts Today: 0

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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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
#8723  Sticky Note Makes sense why PXP paid .30 cents a GAINSDAY 02/21/18 12:36:18 PM
#9725   I shows after trading hours 0.05, up 0.01 (22.19%)? Nagasdog 04/20/18 10:54:16 PM
#9724   Hey sonny. How probable do styl 04/20/18 08:19:22 PM
#9723   tbh you are right , BUT they can sonnykapps 04/20/18 06:39:04 PM
#9722   Maybe next Friday? HDYMANIAC 04/20/18 05:22:20 PM
#9721   The dry season in the PI runs from HDYMANIAC 04/20/18 05:20:17 PM
#9720   Yes. It's complicated. It only took me 8 styl 04/20/18 05:17:39 PM
#9719   thx styl, I have to read that tomorrow goforthebet 04/20/18 04:09:31 PM
#9718   When pxp bought the controlling issue of fecof.... styl 04/20/18 04:03:04 PM
#9717   oh yes, I understand now. I remember that goforthebet 04/20/18 03:33:14 PM
#9716   Management in no way sought the best price MWM 04/20/18 03:31:07 PM
#9715   ok thanks MWM for the details. goforthebet 04/20/18 03:26:29 PM
#9714   This is just holding managements feet to the MWM 04/20/18 03:22:14 PM
#9713   This one of of the most thought out, styl 04/20/18 03:06:59 PM
#9712   Unfortunately, they brought this on themselves. All shareholders, HDYMANIAC 04/20/18 02:51:45 PM
#9711   sorry for my question, but what exactly do goforthebet 04/20/18 02:42:15 PM
#9710   investorshub.advfn.com/uimage/uploads/2018/4/20/zfrwbAcknowledgement_Lett irishintelligence 04/20/18 02:38:04 PM
#9709   Sorry I left for lunch. .0401 at the moment MWM 04/20/18 01:07:17 PM
#9708   here you go, that is mine, thx goforthebet 04/20/18 12:32:28 PM
#9707   I do not have an all or none goforthebet 04/20/18 12:32:01 PM
#9706   Arca 29300 .0402 eugenecj 04/20/18 12:21:17 PM
#9705   I think if you have an all or capn00 04/20/18 12:20:27 PM
#9704   what do you see on L2 as first bid? goforthebet 04/20/18 12:14:57 PM
#9703   Looks like a bid fight! MWM 04/20/18 12:10:47 PM
#9702   right. I am bidding 30.000 above 0.0401 and goforthebet 04/20/18 12:07:44 PM
#9701   Nite are pure scum jubbyjubber 04/20/18 12:01:44 PM
#9700   It's clear there is a large bidder. CDEL MWM 04/20/18 11:39:02 AM
#9699   I happened to be watching the last trade. HDYMANIAC 04/20/18 11:34:22 AM
#9698   right :) goforthebet 04/20/18 11:27:52 AM
#9697   Very Lucky! Not sure why people don't understand MWM 04/20/18 11:10:43 AM
#9696   I was lucky, got the only trade at goforthebet 04/20/18 10:30:25 AM
#9695   Should be able to trade through BOOM jubbyjubber 04/20/18 10:28:47 AM
#9694   It Trades on the PSE exchange. I'm sure MWM 04/20/18 09:24:48 AM
#9693   gm all. are those PXP shares only available goforthebet 04/20/18 08:37:13 AM
#9692   Just noticed a PM Print, interesting! MWM 04/20/18 08:22:52 AM
#9691   We are trading so well, I really think MWM 04/20/18 08:14:49 AM
#9690   can be a positive day again !! hain 04/20/18 08:10:23 AM
#9689   https://quotes.wsj.com/PH/PXP We ended even irishintelligence 04/20/18 08:03:36 AM
#9688   Philippine Stocks Crushed While Malaysia Soars Problems keep piling MWM 04/20/18 05:38:52 AM
#9687   1 Philippine Piso = $0.019 irishintelligence 04/19/18 10:40:58 PM
#9686   This is such an easy lift for PXP. irishintelligence 04/19/18 06:13:06 PM
#9685   Thanks HOSE...SYCRF is at least a double from irishintelligence 04/19/18 05:33:43 PM
#9684   If that really were to happen I imagine MWM 04/19/18 05:31:01 PM
#9683   That would surely raise the excitement level around HDYMANIAC 04/19/18 05:14:43 PM
#9682   If you are on this board.....I know that hosedraggers 04/19/18 05:01:06 PM
#9681   That would be something if they restored FEC's MWM 04/19/18 05:00:11 PM
#9680   The FOIA is submitted. irishintelligence 04/19/18 04:57:32 PM
#9679   Hose, great to have you here! irishintelligence 04/19/18 04:56:39 PM
#9678   I had a good chat with the SEC irishintelligence 04/19/18 04:54:04 PM
#9677   Hi Irish.....This is Hose, and I bought shares hosedraggers 04/19/18 04:48:57 PM
#9676   I hope they do the right thing and respond. HDYMANIAC 04/19/18 04:29:26 PM
PostSubject