FEC Resources Inc. (FECOF)

[styl]

Yes I agree It also means than MVP will be shot if he somehow lied about the surveys as to sell his shares on the way up. I personally don't believe that conspiracy but I've heard it around. That's why some figures say as big as malampaya and others say 5 times as big. There were independent studies so I can't see them all being false.

Here's another little article from an analytical point of view last month. Also explains how malampaya was a 45 45 10% split with ph pnoc getting only 10% back then probably because Marcos took a big check under the table to get that done that way. But it got me thinking. What would forums split be?? I'm guessing chinas demand would be 50% right off the top but does that mean we have to pay cnooc even more or additional percentage as the farm in/ driller? I'm hoping it's not worse then a divide. BY two for cnooc. Then give ph their 60%. And then the remainder 40% gets divided to the owners of sc72 accordingly. Am I missing a cut? Is there another factor to be considered?

https://malaccaresearch.com/relative-valuation-of-upstream-philippine-oil-and-gas-companies/