Hey guys. No scam. Legit company in the news daily. Technicals are it's up 300% in 2 weeks. Possible short squeeze. For the stock FECOF. It's a holding company with ownership in forum energy which is owned by multiple companies as explained on our site. It's trading at half the value of the same shares owned by pxp energy so you're looking at a 100% move just for fair valuation alone and another 1000% when drilling is done for this world class oil/gas field in the philipines which will be joint developed with the Chinese govt. it in the news daily as the "reed bank. Sc72 contract " President Xi of china and the Philipunes recently met and gave a green light to work on a contract for possible joint development . All the details are up on this site under Fecof and we've had the page for over 8 years. Come check it. Total legit. Huge opportunity. 4 cents going to 30 cents within a year .

Looks like a short squeeze on Fecof. Stock up around 300% in 2 weeks, solid story with oil contract about to be agreed for service contract 72 reed bank. South China Sea. Strong fundamentals. Upside potential of 1000% from here in less than a year. Come to out board which is up for about 8 years now and reed public news on the president of china and philipines giving the green light to make this world class oil find come into fruition. Fecof has a 6.8% ownership in forum energy which co trolls this huuuuuge find. Should be drilled in less then a year but you need to get in early. Come check our board and see all the valuations. And fundamentals too. The technicals are also red Hot. Check it yourselfs

Hey sonny. How probable do you think it is that they'll just run a pipe to malampaya and Luzon to bypass building another rig which could take up to 3 years? I've read a few articles that they CAN but how probable is it? You sound like you're in the business

Yes. It's complicated. It only took me 8 years to figure it out. Lol

When pxp bought the controlling issue of fecof.... over 50% ownership, they went in their new subsidiary and put the same management in fecof and its board that also is connected and sits with pxp's. Management.

Ongpin went to court facing serious charges but was dismissed, for buying shares of Philex petroleum ( who once owned pxp petroleum and later spun it off as pxp energy with ownership in its forum shares( which even then were slowly being bought from fec corp back then ( fec had the forum shares/c72 contract once, which they bought from sterling), which ongpin ordeal was that he helped buy philex shares under his company back then and sold it to "first Pacific" ( the mother of all aggressive transactions and whose hand is in the biggest transactions in ph ( first pacific has ties to china and is Manuel Pangilinans Beginning), s this was done by ongpin ( the other billionaire) to help first Pacifica aggressive takeover of Philex petroleum.

I write this with parenthesis within parenthesis to paint the picture clearly on how you must sometimes if not always, read between the lines.

A side note is that Sterling which later sold its forum shares to fecof, (a Canadian company)had the huge stake and Sterling intentionally Did a deal with Tidemark (a ph company)with the strategy of appeasing Ph laws and having a ph company on the deal for doing this as well as to lower their taxes on this deal for doing so. The ph has restrictive and unique laws to go around.

Tidemark with its 30% ownership of Sc72( separate from forum shares ownership of the other 70% of sc72).
Tidemark was bought by mount Oro, A private company. Not many years ago Apex (a public company) bought mount Oro resources so now Apex mining in ph has that 30% stake in sc72 and is by far the least volatile stock out there with a great position to profit from this situation.
Many Pangilinan who is half Chinese and half philipino originating from China's first pacific financial has had his loyalty questioned more than a few times including when he invited cnooc to do the deal 6 years ago in the midst of the conflict. The term Manchuria Candidate quickly comes to mind for me. Duterte who campaigned really tough against the Chinese actions on ph sovereignty has totally flipped and became the most friendly puppy with china being quoted "I love Xi", ..... yes we know you love him, maybe too much.
I hope this helps a bit

This one of of the most thought out, well written articles about sc72 from 2 years ago and very prophetic so far at that. I repost it to show that the idea of just running a pipe from malampayas existing platform is both extremely cost effective and a time saver in the alternative of a 3 year project to build such a platform.
We literally could be pumping profits out of the reed bank within 16 months if the contracts are also speedy and they do seem to be heading that way. Teams were set up in advance to speed up contract drafts for quick approval.
The paragraph to look for is the second paragraph but the entire article is a good read.
https://www.eurasiareview.com/13042016-reed-bank-china-philippine-joint-development-area-analysis/

P.s. I was in IHub jail for spamming, they just let me out on good behavior. It was rough in there but I made it. Be careful of copy and pasting to get the word out. It's considered spamming

You are absolutely right sir. In our valuations we already expect to see china take half, and yet , this sc72 is expected to be 3 times the size of a 150 billion dollar malampaya. Those are estimates from wetherford research. They almost started a war over this reed bank find!! So if it is 450 bil lifetime as estimated, then even if China takes half, and even after the ph govt takes its share too..... the rise from a 15 million dollar company upward to a 4 billion dollar company representing its fair value of 6.8% in forum shares is a huuuuve run. But I expect 50 cents when the reserves are"proven". Look at pxp energy chart in. The ph market. Ph:pxp. They are already up huge in anticipation around a 600 mil idollar market cap. But off its high of 45 pesos. From 6 years ago when the conflict happened. Since then pxp actually added another 20% more forum shares in their company in anticipation to getting this world discovery well drilled!!! Trading at 15 for pxp. And fecof in comparison is way undervalued compared to them.

Actually do not copy and paste as i was just told by an administrator that I was"spamming" without realizing. I think. One a day is allowed. Oh well

South China Sea!!!

FECOF. Up 50% today and. 350% in 2 weeks!!! Fec resources= fecof

You've all heard about the crisis in the South China Sea between the philipines and China..... china actually rammed an exploratory boat on the reed bank 6 years ago and stopped a world class discovery in Sc72 from happening. Since then china and ph are in talks to finally make this happen. It's all over google news outlets. Search it. Pres Xi of China meets PH Duterte to sign a framework contract to go drill sc72 together. Maybe a few weeks away more or less. Sc72 is estimated at 8tcf to 20tcf ( wetherford research. And us energy dept. research)which is gigantic and primed to replace the world class malampaya oil/gas field next to it. Malampaya was a 2.7tcf and according to a few reports , malampaya has produced about 90 billion net profits and about 180 billion net profits by the time it's done in 10 years.
I'm here to bring attention to a micro cap huuuuuige oil play. Fecof has a 6.8% position of forum energy, and forum energy controls 70% of the sc72 contract. Pxp energy owns a large 72% position in forum energy, as well as being fecof' parent company.. pxp is a large 600 million market cap company trading on the pse, philipines. But fecof is a Canadian company in the pinks roughly a 15 million market cap.
When the reed bank deal with china was announced as probable, the stock of pxp went from 2.80 to 14 pesos in anticipation. When comparing pxp's equity in forum shares, it's clear that fecofs 6.8% in forum is at a huge discount and besides that when the deal is done and the contract announced, this 15 million dollar market cap company fecof will be sitting on a possible 4 billion dollar value or more in its lifetime net profits. It's safe to guess this stock can easily reach 50 cents in a year with forward announcements and a contract. There are 100 of us on the fecof board and are holding this stock up very strong for a long term gain but we need new attention . We won't sell this 4 cent stock until a contract is announced soon and we get 50 cents minimum. Please come to out board where we have the research and valuations mapped out.

Feel free to copy and paste this on to othe boards like the oil energy board I already did. Help promote your investment while helping new members and future friends get rich too. Or post your own info but share the info so we grow our investor base and take the float away from the market makers and flippers.



FECOF. Up 50% today and. 350% in 2 weeks!!! Fec resources= fecof

You've all heard about the crisis in the South China Sea between the philipines and China..... china actually rammed an exploratory boat on the reed bank 6 years ago and stopped a world class discovery in Sc72 from happening. Since then china and ph are in talks to finally make this happen. It's all over google news outlets. Search it. Pres Xi of China meets PH Duterte to sign a framework contract to go drill sc72 together. Maybe a few weeks away more or less. Sc72 is estimated at 8tcf to 20tcf ( wetherford research. And us energy dept. research)which is gigantic and primed to replace the world class malampaya oil/gas field next to it. Malampaya was a 2.7tcf and according to a few reports , malampaya has produced about 90 billion net profits and about 180 billion net profits by the time it's done in 10 years.
I'm here to bring attention to a micro cap huuuuuige oil play. Fecof has a 6.8% position of forum energy, and forum energy controls 70% of the sc72 contract. Pxp energy owns a large 72% position in forum energy, as well as being fecof' parent company.. pxp is a large 600 million market cap company trading on the pse, philipines. But fecof is a Canadian company in the pinks roughly a 15 million market cap.
When the reed bank deal with china was announced as probable, the stock of pxp went from 2.80 to 14 pesos in anticipation. When comparing pxp's equity in forum shares, it's clear that fecofs 6.8% in forum is at a huge discount and besides that when the deal is done and the contract announced, this 15 million dollar market cap company fecof will be sitting on a possible 4 billion dollar value or more in its lifetime net profits. It's safe to guess this stock can easily reach 50 cents in a year with forward announcements and a contract. There are 100 of us on the fecof board and are holding this stock up very strong for a long term gain but we need new attention . We won't sell this 4 cent stock until a contract is announced soon and we get 50 cents minimum. Please come to out board where we have the research and valuations mapped out.

South China Sea!!!

FECOF. Up 50% today and. 350% in 2 weeks!!! Fec resources= fecof

You've all heard about the crisis in the South China Sea between the philipines and China..... china actually rammed an exploratory boat on the reed bank 6 years ago and stopped a world class discovery in Sc72 from happening. Since then china and ph are in talks to finally make this happen. It's all over google news outlets. Search it. Pres Xi of China meets PH Duterte to sign a framework contract to go drill sc72 together. Maybe a few weeks away more or less. Sc72 is estimated at 8tcf to 20tcf ( wetherford research. And us energy dept. research)which is gigantic and primed to replace the world class malampaya oil/gas field next to it. Malampaya was a 2.7tcf and according to a few reports , malampaya has produced about 90 billion net profits and about 180 billion net profits by the time it's done in 10 years.
I'm here to bring attention to a micro cap huuuuuige oil play. Fecof has a 6.8% position of forum energy, and forum energy controls 70% of the sc72 contract. Pxp energy owns a large 72% position in forum energy, as well as being fecof' parent company.. pxp is a large 600 million market cap company trading on the pse, philipines. But fecof is a Canadian company in the pinks roughly a 15 million market cap.
When the reed bank deal with china was announced as probable, the stock of pxp went from 2.80 to 14 pesos in anticipation. When comparing pxp's equity in forum shares, it's clear that fecofs 6.8% in forum is at a huge discount and besides that when the deal is done and the contract announced, this 15 million dollar market cap company fecof will be sitting on a possible 4 billion dollar value or more in its lifetime net profits. It's safe to guess this stock can easily reach 50 cents in a year with forward announcements and a contract. There are 100 of us on the fecof board and are holding this stock up very strong for a long term gain but we need new attention . We won't sell this 4 cent stock until a contract is announced soon and we get 50 cents minimum. Please come to out board where we have the research and valuations mapped out.

We just need other message boards on this same site and other sites to take up and notice us. We're up 50% so I'll spread the word. Feel free to help promote as it's obvious by now it won't be fecof who promotes us. Gotta do it ourselves. New blood. More. New investors , more buying power and steady base.

Older article but still worth considering a re-read

Great picture of the reed bank.

In this article it's guessing that the reed bank is twice the size of malampaya.... and yet says energy for a century..... mentions malampaya having another 8 years or 10 years? Article is 2 years old but I've heard new projects extended malampaya another 3 to 5 years and that they've only depleted half the reserves...... so at roughly 9 billion that ph got from malampaya for their 10%. That puts malampayas net profit so far at 90 bil. Multiply that by 2? For the rest of their reserves and you get 180 bil...... maybe ongpin wasn't far off to begin with.... also if you consider most contract details, there is a good portion off the top that the govt didn't get to share at all. So that may be the 200 bil ongpin was mentioning as in lifetime expectation.

Even at just once the size of malampaya. And even cut in half by china its Huge!!! To think that Fecof once owned the entire forum stock, pissed it away and traded as low as .0012 under a million dollar market cap at one point is utterly mind blowing. How can anyone have faith in that management. And now the new real management is our pxp parent company, which loyalty is questionable at best. Hopefully the letter Irish sent and whatever else shareholders send will keep the wolves at bay.

There's also about 8 billion in oil in that field which should cover any expenses to getting the gas. But we will need loans first. I'm sure it's being prepared as we speak for a fast track after approval. If we can get cnooc to do it as part of their fulfillment to getting a well they don't really deserve it would be a huge plus and offset the 50% cut china will receive.... I hope.

https://philnews.ph/2016/07/14/natural-gas-supply-reed-bank-untapped-gold-mountain/

Lol. I did not watch it the entire day. I had a feeling it wouldn't have much support and end lower around .035, but I can tell by the graph that it was edging to go higher before the market maker walked it down to .033 so in that aspect I'm happy with it , knowing more shares were bought than sold. I would love to see new hands buying into this and not just the same 20 people adding to their positions. We can only do that for so long.
I still wish we could of had the us navy there and drilling the bastard for twice the profits instead of waiting for approval from china. The closer we get the more anxious I am. Long time coming, But it is what it is...... would be a helluva story to say this bounced from .002 all the way to 5 bucks in 5 years. Crypto returns using real stocks ??

Short interest. I've searched a few websites to see the short interest on fecof but most charts or boards like Nasdaq.com don't support it and say NA. It would be nice to know but we will be able to tell regardless when the framework is announced.
It's good to know that a team was already assembled and has been working on a framework for some time already. Days slide by quickly and before you know it, they announce the framework and it's going to be a huge squeeze hopefully if I'm right about short shares out there. Today looked like shorting to me.

Hi all.

So I haven't checked til now. When I first looked at the chart I got stunned because it looked like it was halted at 1:30 pm for some crazy reason not realizing that it simply didn't have any more trades til then.

If you would have sold today at let's say .045. Thinking you can get back at .035. If you check the. Plume you quickly realize the strong hands here as well as the spreads. Keep you from doing that. I for one am happy to see this solidify rather than watch it go up in a straight line. Any flipping here, especially for me will be a huge tax bill I wo t have money to cover for so I'm just better off holding regardless.

I was worried. Irish's letters made pxp put a hold on the stock. Who knows what game if any pxp will try to play here with us. An early buyout? I hope not yet. We need to rise a bunch to get a fair price.

Irish , you got your account up to 6.5 mil? From under 2 mil about 2 months ago? That's one hell of a buying spree. I lkind of wish it was someone else (institutional buyer)showing us confidence but good on you!!! I guess that make you the institutional buyer then. Lol.

I'll try to promote on some message boards here today on penny stock ideas. All I have to mention is that we are up 300% from lows of .008 3 weeks ago and it should turn some heads.

The chart looks like nobody really sold anything at .033. No volume there. Very very good sign. Thanks for being a strong group.

An interesting note is, that when framework alone is anounced, pxp itself may or may not actually double from its 15 to 30,,,,,,, Of pxp doubles. Then fecof will need way more than a double as well to catch up.
As "intelligentIrish" points out, it should be trading around 9 or 10 cents to reflect a fair comparison value to pxp's equivalent value of forum shares/equity. So therefore when that happens fecof would need to jump to 20 cents with those calculations. The further pxp goes the way more we fall behind in comparison. Right now we are just 5 cents away from fair comparison. Needing a double from here. When pxp doubles. We will be 15 cents behind and trading at just 25% of pxp's future 30 price....so we would need to triple from here and still be 5 cents off from fair value comparison. Pxp was as high as 50 before the conflict made it crash.
Many companies struggled with fair value comparisons. One example was when yahoo needed to free up their ali baba shares to get their fair value equity of that holding. Eventually forum will be spun off again from pxp And if it gets a p.e. Of 3 we can then be blown away with our price evaluation as we don't need to have a p.e. In fecof, just a fair equity valuation on a company that receives a p.e. When it's actually earning.
This is to do with short term gains and not the long hold that I have. Despite the talk that such a joint venture contract in a disputed area doesn't exist in that region ,doesn't mean the very strong will to make this the first one won't be successful .
I'm going to take the day off and not watch it. The price swings hurt my stomach and I won't consider selling any of it for at least 5 years and re evaluate it then. I'm tapped out so I couldn't add more if I wanted to. I'm not going to flip because my taxes would shoot up and market timing is unpredictable anyway.
Good luck to all

Pxp is one of the bigger holding in the PSE. Philipine stock exchange. So when there is selling in their broad market, pxp will go down more then the rest because it is simply up 1000% in 2 years!!! Without a contact officially being announced yet. Any pullback of 10% should not evoke fear on this board that a contract talk is in trouble. Pxp was actually dropping quite a bit before turning around and closing up for the day.

There will be articles coming out soon that are politically motivated, and that will say negative things about the deal in the hopes that the deal doesn't happen and that it's bad for the philipines to give up 50% of their equity in sc72. They want prez duterte to be removed as a traitor and for their administration to take over instead. Sounds very much like what the democrats are doing with Trump even if it's to the detriment of the USA. Very politically and selfishly motivated . I saw a negative article recently that put a spin on Ceytano positive remarks, and when I researched the author, it was one of the guys who helped win the battle in the In trial over the reed banks sovereignty so he has a personal issue about it as to why fork it over when they won.
I was anti China on this deal for obvious reasons but if they structure the deal similar to the % sharing they normally would do, the way when they give about 50% to a major driller to do the work, then by using cnooc. , a Chinese state owned driller. , maybe the % won't be askewed by an additional 50% ontop of 50%. But even if it was, the find is estimated to be so big that it shouldn't matter.
When the framework is signed they will need to go re-explore the well before details of a working contract are signed just to confirm it's still there. With gas finds, its known to slowly evaporate over due time so it's important they get to it right away. Time is somewhat against Fecofs side as in 2 years more without progress could bring more dilution I am with the pro china camp now just to see this thing done. At under 5 cents this is still a very good bet. If you're heavily invested already I wouldn't take loans out to add to this because 85% likelihood of this working out, success is not a 100% guarantee..
The recent volume dropped off by half yesterday so don't be surprised if it drops somewhat today. If you're in it for the marathon instead of the sprints. You win more gold medals and recognition. Pace yourself and win lots of gold.

Hello board members here. I'd like to bring your attention to Fecof. Up 400% in 2 weeks Huge volume moves and involving the presidents of both china and the philipines to get this deal done known as sc72 in the reed bank. Fecof owns 5% of this oil well that's extremely undervalued and now that a contract /deal is being worked on it's really popping .
Fecof up 400% in less than 2 weeks

This oil and gas find in the reed bank/south china Sea has finally found a compromise White the Chinese prime minister Xi and the philipines president Duterte agreeing to meet and to find a framework contract to actually drill. Sc72 which is estimated to have about 300 billion in its well. This 4 cent stock can easily be valued as a 5 dollar stock in 5 years as their 5% equity in this world class fund is finally being recognized prior to contract approval!! Still early to get in

Fecof up 400% in less than 2 weeks

This oil and gas find in the reed bank/south china Sea has finally found a compromise White the Chinese prime minister Xi and the philipines president Duterte agreeing to meet and to find a framework contract to actually drill. Sc72 which is estimated to have about 300 billion in its well. This 4 cent stock can easily be valued as a 5 dollar stock in 5 years as their 5% equity in this world class fund is finally being recognized prior to contract approval!! Still early to get in

Hello


It's best to look up above on this page. Also check the fec profile and pxp I. The "pse" profile page. To see what's going on.

Obviously after every run there will be volatility before running again but if you have a 6 month horizon just to be on the safe side there are contracts about to be signed with China about one of the biggest finds in the South China Sea. All that noise about conflict is about to finally be resolved over a rich oil field in the reed bank. If China wants it so bad imagine how big it is. I imagine in the 300 billion range lifetime oil supply divided up many ways. I reckon. Fecofs hidden ownership of just 5% in this oilfield is worth about 1 billion in about 20 years. But possibly paying dividends every year or having it locked in their share price heading above 2 bucks in that long period. To say 5% of a 300 billion fund is at least a 1 billion dollar company is conservative. This company despite its big rise is still under 20 mil

The risks are. Contract doesn't get signed , But recent articles are super positive
Other risks. Are that the oil well collapses when drilled as with any well, but very unlikely since it's next to the successful malampaya well off the coast of Palawan island philipines. Malampaya oil well is somewhere between a 100 to 200 billion well producing over 15 years now.... and our service contract is estimated to as much as 5 times the size to about 3 times the size. China will probably take half and yet there's so much money in there it's sick

Yes. If you go to the pxp profile you will see what pxp owns indirectly thru their forum shares. Same as fecof. Forum has a piece of the golic oil field too. Very small. But pxp is all about 80% on its sc72 contract thru forum energy limited. Known in the past as forum energy petroleum which traded in London don but since has been taken private by pxp. The other secondary value of forum is sc75 which is also promising but only Galicia is producing right now and it helps a bit with administration expenses

I think that was an old post of mine about the power plant . I believe it's forum energy that has the power plant. Some very minimal earnings there , especially since pxp has moved from 1 peso to 15 peso..... it was worth mentioning because forum indirectly owns a piece of that thru forum. 6.8% of it and that was considerable mention when Fecof was barely trading at a 1 million or 2 million market cap. Right now that's beyond secondary. We are all risking the investment that sc72. Gets developed with the Chinese



Once this contract for framework is signed, expect china to just go in and drill for confirmation before they even bother to write the contract for shared interest. China doesn't have beaurocracy and will go in all gang busters. And as an equal owner I. The contested area they will probably take the lead and let pxp follow their lead. For Better or worse. It will happen quickly.

Hey Edward


Fecof is a "holding company" and not a growth company. They posted earnings. Ecause the got some cash for some of there forum shares stolen by pxp many months ago when pxp could smell a deal brewing and used their 51% ownership of fecof to just ok the transaction they wanted in pxp's benefit.
That cash looks like earnings and there fore there is a p.e.

In my opinion you simply need to value this differently. Comparison evaluation in their equity holding in forum shares compared to other companies like like pxp. Apx. And Ab. (Atok big wedge) all trading in the philipines.

Or you can compare it to the success of malampaya. Ive read that malampaya was anywhere from an 100billion dollar well to a 210 billion dollar well...... let's say 100 billion lifetime..... if its 3 times the size as malampaya which I've heard even possibly 5 times.... let's just say 3 times. .... then it's 300 bil. Divide it by half to China....150 bil. And fecof has just under 5% of the entire sc72 contract. That's 7 billion lifetime earnings of it doesn't get bought out. That would be over 18 dollars a share earnings in their lifetime. 25 years? Maybe in dividends. Maybe just in that stock price. That's if they retain that equity %. And do not get bought out. Even if for some crazy reason they dilute again on the cheap instead of taking a loan....it's not wrong to say this 10 million dollar company can get to a billion in some form of earnings. Maybe we get equal shares of pxp in a buyout and let those pxp shares ride up. Philex mining shareholders actually got pxp shares before pxp listed as a spinoff. So that is all within their realm.

Bottom line. Huuuuuge opportunity. No guarantees.

That post With those quotes from Ceytano ....should be put on our main. Oars as its most recent and very relevant. It will explain to New in editors what's goin on here.

No go forthebet Within the year simply means before the year is over. He is being overly conservative allowing even that 7 month time crime just in case they needed it. Ceytano was clear. It's happening. Duterte wants this as fast forward as possible. This guys comments are nothing compared to duterte and ceytano

That's fantastic that ihub is on the breakout boards. That's exactly what we need. New eyes and new investors to solidify the ride up to 25.

We should start reposting the good info links to convince new investors

The .10 cent by Friday is overly optimistic before any announcement, But if I am correct that they were shorting this in anticipation of a bankruptcy all the way down to .002...... then a short squeeze could get us there.
There will be quite a few hands willing to take a profit at 10 cents without any news so it's a tough call. I'd be happy to solidify at 5 cents. Just solidify for the next double from there. Patience. Not greed. My holding is for the developement of the well and not a short term gain. Even if it's a 800% gain. When will I ever get a chance to see a 5 million market cap rise to a billion dollar company

Like I said. I once took the short gain on Netflix when I originally intended to put it in my 401k but couldn't resist the 50% in a month. So I sold it at like 7. Now it's 300. So I'm not making that mistake again. It's not greed when you are using strategy and math to evaluate.

I think there might be another run up by close as it was 2 million shares that were sold yesterday. Not just one. And I bought 400k of that at .016 and 150k at .013

Yeah. That .008 limit sell was either meant to be a limit buy. Or they meant to have a limit sell at .08. Or a dumb head fake by a market maker and they had to cover today.

Could also be someone who got excited with ongpin analysis and took a $40,000 position just to be in it.

I'd love to see more news or see that damn bid move up soon from where the hell it is.

It's sure to stay volatile on both ends before an announcement 2 or 4 weeks away. But if we can all do our share on the penny boards and bring attention to a stock that's moved 400% in 2 weeks. We might get some new longs to hold our base and edge those bids higher

It's notable to point out that when we hit an intraday high of 4 pennies a few sack (Friday). We actually hit a 5 year high and tied a 7 year high. It's reasonable to say that many people were waiting to get out of this position after holding what looked like a dead horse. For Tax write offs, or to happily break even. After so many years breaking even on a stock that once traded at .002 feels like a win.

Considering all that, it's a pretty good sign that it's holding up as well as it's doing. It's not just talks or hype when it's done between two presidents and one of them being the second largest economy in the world. (China). But besides forward looking statements we are now looking for a framework contract which will jump fecof to 5 cents...... as pxp will jump to 25 as well. And when the contract is signed. Pxp will double to 50....which ultimately means fecof will need to actually jump at least 500% from 5 cents (to .25 cents). Just to keep up as it would still be grossly undervalued every time pxp rises. Does anyone follow my logic?

It would Also ph:Ab. Atok big wedge USA pure play on ac72/specifically forum shares. If you do the comparison there says that if atoms 48 billion pesos market cap converted to 920 million usdollars for their 22% of forum,,,,, then how grossly undervalued is fecofs shares? Comparing apples to apples here as a pure play compared to a pure play. We have one third the shares they do so either they need to crash or we need to trade at a 300 million market cap today by that example. But pxp is a better value for purchasing forum shares compared to Atok. So I've never made that argument before. It's better to compare conservatively then to pxp. The sooner these contracts are signed the safer we are from the wolf pxp who would love to take the rest of our shares for peanuts.


I'm putting my 4.3 mil shares into my retirement account. When it goes to 10 billion as per ongpin remarks. I'll be sitting on over 100 mil is. ??

Big drop in volume today. Bid looks healthy but no real action. Decent spread.

I don't think we will see systematic buying from someone like a micro cap institutional investor until after contracts get signed, and then it's a domino affect as it makes lists as biggest % gainers. Etc.
It will be sporadic til then and dependent on news releases.

Good luck

Yes. Apx was down 10% too. Down to 1.75 but still awesome



The entire pse was in the red. They cant go up everyday. And when contracts are done we will buck the trend of what the pse is doing with sell offs. It will trade in its own bubble after that. Just my opinion.

Most stocks on the pse are down including in their sector. Considering they are up the most in comparison they give back the most. Nothing to worry about. If it's not dropping 70% like fecof did before recovering, then obviously it had nothing to do with secret information. All is well.

To specify some more. Fecofs 6.8% of forum which is 70% of sc72. Is equal to just under 5% of the entire sc72 . So 5% of a speculative 210 billion lifetime amount is actually 10.5 bil. So saying that it's a billion dollar company leaves room for error like taxes, expenses. Additional partner etc.

As long as my speculative variables for future confirmation become accurate then you must be a total nut job for selling 2 million shares at .008 today. Lol. Good luck to all you longs!!! Things are looking good, You can expect the ph senate to give the framework some resistance but I believe they have already worked it out with lawyers to go around it. When they make that noise the same week don't let them shake you out!!

For those of you who can't hear clearly the YouTube video, the article HAIN posted types out the same quotes from the video and then some.

One discrepancy is that somehow ongpin comes up with 21billion in revenues that the govts 10% share of malampaya was about 21 billion. But the reporter states that it's just over 8billion so far and probably like 14 billion by the time it's dead in 2025.

Still. Take. That 14 bil. Make malampaya in total worth about 140 billion..... lets say times 3 times the size instead of 5 times and we still have 420 billion. Divide it by two. Thank you so much china. So kind of you to delay my reward for 6 years and cut it in half.... thanks china....

So 420 is 210 billion. And this is why I say fecof could conservatively be a 1 billion dollar company in its lifespan on this 25 yr holding of pxp leaves us alone!! Just saying it's in the math.

Lol. You're cracking me up. It's so nice to fantasize about it...... and imagine if China didn't take half!!! And if we still had around 20%!!!!

Even though. You can argue that now is just a good a time as any because the stock reached 6 or 7 cents before imploding under the china threat.

So now at one third the ownership. And at 2 cents it's one third the price before imploding. You've had plenty of years to build up a big position at cheaper prices and eliminating the China threat which means a more straight ride up....... if duterte can dangle The Hague ruling just. A little bit. Maybe we can get a 60/40 split with them instead of 50/50. Everything helps. Our position will keep dwindling down, and still it's not out of the question that this position can conservatively be a 500 mil to 1 bil market cap if allowed to grow without any more bull crap from pxp tricks. And I will go after them when they get bigger in the same fashion the twins went after crooked zuckerberg.

Here's the link Edward

It's titled the hidden value of sc72


Of you google "Ongpin" of the philipines you'll understand how far and how deep his connections are. All his previous companies/ employment are intertwined with this deals history. He maybe hyping it up a bit. It it's the real deal. He upped his stake when he could too. Everyone upped their stake except fecof!!! Lol

You hear me talk about diversifying in pxp and apx in the philipines. But there's also Ab. Which owns about 23% of forum energy via their trademark purchase.

By the time I could react the ask already jumped to .013 and I took it. Executed some .016 as well that I set up inanticipation for a drop similar to Friday's dip. Had I k own the dip could reach that much deeper I would have had twice as many. At half the price. But I'm greatful. Especially since we all know this is going much higher .

If you didn't watch the YouTube. Video I posted about Atok big wedge annual shareholders meeting which discusses the hidden value of sc72. Please watch it....billionaire ongoing goes on to say that malampaya was worth about 200 bil in its lifetime and that sc72 could be 3 to 5 times malampaya size...... making. That field a trillion dollar find??? Make it 300 billion and I'm still jumping for joy.
Oil is over 70 a barrel again. Gas is edging higher and LNG demands a huge premium in Asia if we follow through!!!:

Furthermore the united states energy dept is on record saying that the reserves in the South China Sea are only second to Saudi Arabia and bigger than Mexico... they also say that 1/5th of that is in the reed bank!!!! Estimating like 20tcf? But also point out the risk and the fact that we don't know if it's recoverable yet. But considering malampaya is just right there too I feel pretty darn good about it..

A very big thank you to all you long holders on this board for. It being shaken. We have a very tight team hereabd you will be rewarded!!!

The next ask is at .025 at under 50k shares. Lol. Thats awesome. We are very strong despite such a crazy mind boggling dip that would have scared half the shareholders on another board into selling. Hold tight for months to come. I won't be surprised to see this actually close up around .034

We have all pondered about where all those shares were coming from the last 2 months since it's suppose to be a thinly traded float .... if anything there should have been 95% buyers the last 2 or 3 months in anticipation but shorting this stock has worked very well for the market maker in past strategy so I really believe strongly that he or another broker are very short this stock and are panicking to cover their large short position.
These are the stock fluctuations they easily manipulate to scare you into selling your position or even buying into a position much higher.

I will not go on record with saying this will be a 10,000% return as I don't know the details of the split with china. And I also don't know if it's 3 tcf.... or 20tcf. Or if it's a water deposit(god I hope not, lol). But obviously I'm fully invested because I like the high reward to risk. But there's always risk.

Here's a link to what might actually be there and it's worth , even if exaggerated it is still remarkable if fecof can realize its full valuation without interference. Let's just say it's going way higher.

These links are about Atok big wedge that also hold roughly22% of forum shares, I hardly mention them as their volume is almost zero but hear what they say about sc72 at their apt shareholders meeting.