FEC Resources Inc. (FECOF)

[styl]

Nice find but the article is riddled with errors. She meant philex corp not Phoenix....and she hasn't updated her cheat sheets from years ago,,,, philex spun it off to pxp. Mont pro got bought by apex. And I " believe" not positive, but fro.l had its shares go to pxp and is delisting. So many transfers. Between pxp 70% and apex 30% that's all of it. Fecofs 7% is alreAdy accounted for as pxp is the new parent company of fecof after the philex spinoff. Lots of changing hands....
I vaguely remember that the other 30% of the reed bank not covered by sc72 is either pitkin petroleum (private?) or under some other contract.


The math will be something like this

If the well contract has X dollars worth
Then Sc72 gets 70% minus then 50% to the govt minus "y" amount to the driller minus "Z" to china the extortionist. "Z" could be as high as another 50% off the top.... then they split costs /expenses and profits might show in 3 to 4 years. Just my rough math. Do your own due diligence. I'm not a financial advisor Invest at your own risk.