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FEC Resources Inc. (FECOF)

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Last Post: 5/24/2019 3:28:17 PM - Followers: 98 - 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: Annual and Transition Report (foreign Private Issuer) (20-f) 03/29/2019 04:49:06 PM
FECOF News: Report of Foreign Issuer (6-k) 03/22/2019 01:24:29 PM
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PostSubject
#10696  Sticky Note a calculation post regarding the eventual share price goforthebet 08/19/18 07:00:40 AM
#9393  Sticky Note FECOF VALUATION IDEA: irishintelligence 04/12/18 05:06:25 PM
#11776   yeah right sonnykapps 05/24/19 03:28:17 PM
#11775   looks like that.. maybe he got burnt already goforthebet 05/24/19 09:32:41 AM
#11774   Thank Irish and the lawyers edward1981 05/24/19 09:24:47 AM
#11773   Someone was feeling the HEAT... eom7 05/24/19 09:15:40 AM
#11772   FEC Provides Update on Directorships goforthebet 05/24/19 03:06:20 AM
#11771   I consider this good news - it would rollem777 05/23/19 10:19:13 PM
#11770   PXP is down every day with small volume, Nagasdog 05/20/19 01:43:10 PM
#11769   Any news? I see we are off the lows jubbyjubber 05/20/19 02:14:15 AM
#11768   PXP Energy reverts to profitability in Q1 hain 05/15/19 03:51:36 AM
#11767   CNOOK buy Forum Energy ? hain 05/15/19 03:46:15 AM
#11766   Philippines identifies sites in South China Sea for hain 05/06/19 07:58:55 AM
#11765   Helloooo Nobody more here? hain 04/24/19 12:24:24 PM
#11764   He's highly leveraged. My guess is that he irishintelligence 04/01/19 05:48:12 PM
#11763   This is getting worse by the day. Can't Traderfan 04/01/19 03:48:16 PM
#11762   again difficult to understand for me: does that goforthebet 04/01/19 09:41:03 AM
#11761   Given his Chinese connections you have to ItsmorefuminPH 04/01/19 04:45:40 AM
#11760   PXP is down 20% 2 hours after opening, Nagasdog 03/31/19 10:51:32 PM
#11759   https://www.scmp.com/week-asia/politics/article/3002950/david-vs-goliath-south-c ItsmorefuminPH 03/25/19 06:29:38 PM
#11758   what does that mean? goforthebet 03/22/19 04:05:54 PM
#11757   Not much here ItsmorefuminPH 03/22/19 04:42:02 AM
#11756   Yeah. That’s a big dump at a low styl 03/19/19 02:55:59 PM
#11755   irish is working, we will have better times again hain 03/19/19 02:17:50 PM
#11754   I guess I wish I had sold out Traderfan 03/19/19 11:59:36 AM
#11753   Hard to blame someone for moving on... but eom7 03/19/19 11:47:42 AM
#11752   Keeping options open HDYMANIAC 03/15/19 09:57:26 PM
#11751   DFA chief Locsin to visit China HDYMANIAC 03/15/19 09:53:00 PM
#11750   yes styl, thanks for your optimism. I also hain 03/15/19 05:29:32 PM
#11749   I still think that’s the case as I’m styl 03/15/19 04:17:12 PM
#11748   I think Irish made it clear earlier that styl 03/15/19 02:52:27 PM
#11747   This is really a roll of the dice here Traderfan 03/15/19 02:30:18 PM
#11746   not News irish ? hain 03/15/19 08:28:12 AM
#11745   Your answer is clearly stated in the repost styl 03/07/19 02:08:39 PM
#11744   does that mean we have to wait another goforthebet 03/07/19 09:13:43 AM
#11743   PXP awaits government move on moratorium over SC 72 hain 03/07/19 08:38:59 AM
#11742   Now a lot of focus on this ItsmorefuminPH 03/06/19 09:50:14 PM
#11741   Good find handyman-Inc styl 03/06/19 08:54:36 PM
#11740   I can only guess that this could be styl 03/06/19 08:43:25 PM
#11739   http://manilastandard.net/mobile/article/288831 ItsmorefuminPH 03/03/19 06:59:48 PM
#11738   why is China now taking so long to goforthebet 03/03/19 02:27:35 AM
#11737   http://manilastandard.net/business/power-technology/288831/china-firm-silent-on- HDYMANIAC 03/02/19 04:47:42 PM
#11736   https://www.philstar.com/business/2019/02/28/1897253/pxp-energy-explores-joint-v HDYMANIAC 03/02/19 04:03:24 PM
#11735   Yes...exactly... irishintelligence 02/22/19 04:49:47 PM
#11734   Could this be the same person we were eom7 02/22/19 04:37:32 PM
#11733   Looking over past info 3 family members owned eugenecj 02/22/19 04:31:10 PM
#11732   It can't be asian coast if he doesn't eugenecj 02/22/19 04:06:28 PM
#11731   I have it in writing from one of irishintelligence 02/22/19 03:54:12 PM
#11730   They are not talking to us anymore. irishintelligence 02/22/19 03:53:27 PM
#11729   Who is this SELLER??? eugenecj 02/22/19 03:42:23 PM
#11728   Have we tried something like: FECOF gets a eom7 02/22/19 03:35:49 PM
#11727   No one knows. At a penny per share, irishintelligence 02/22/19 02:37:46 PM
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