FEC Resources Inc. (FECOF)

[styl]

Additional leases you say Edward?

Edward, Fecof has been pissing away percentages of their ownership in sc72 , the largest find of natural gas and oil since malampaya' oil/gas find. Considered a world class discovery when first discovered. This company is cash broke.The say the do this with their parent company to stay afloat.... meanwhile they are just a holding company so I don't know what the hell their spending money on besides their chummy friends hotels and dinners during board meetings where they just think about themselves.

Let's just pray/hope they don't sell any more percentages as this had dwindled down to about half its ownership in sc72 to stay afloat since I first owned it. If you want a bigger piece of that Sea then see about buying pxp if that's possible for a foreigner.
It's optimistic enough to think that this has a chance of finally getting done let alone dream that it can get another contract in still "disputed" waters. Just being realistic here.
Only chance they generate more money besides screwing us out of sc72 ownership is a secondary offering at 5 cents or so and diluting us to crap again. I'd rather we just stay as is.