FEC Resources Inc. (FECOF)

[styl]

Manny. MVP pangilinan Head billionaire owner of this deal had said over a year ago... both sides should just agree to drill it at least once for confirmation ..to make sure there is something there positively confirmed before fighting over it ... I agree..... they decided to go with contracts first, and I'm not sure if that's better or worse...... but if we did drill first where is what we were about to do before the moratorium(pause), we might already have been at a steady 5 or 6 cents today awaiting contracts. Some will argue that I'm low balling but I'd rather be conservative as I also keep in mind that holding companies are at a discount in their equity holdings. Same as mutual fund companies with their "nav"... that doesn't mean that fecofs share won't be bought out by let's say someone like "shell". I hope it's not just with cnooc that we get a deal with. It was once strongly advised it would be multinational on the drilling /development side.... I couldn't agree more as that would keep the crooked Chinese govt from shafting ph and its players in sc72 completely.
I read an article that china doesn't want to hurt their reputation in the business world. ThatwS such a bull crap article. China doesn't care!! And there's no police to keep them honest except for a usa navy and duerte shuns the USA. If China was truly truly trustworthy they would never dispute another countries eez which they also benefit from. I don't know of any other major country that is under unclos agreements and yet doesn't honor a country's basic economic zone. They are contract breakers so this deal has to be done very smart and I don't know if a hill Billie like duerte can pull it off. Good luck to all