FEC Resources Inc. (FECOF)

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One of my favorite things about this speculation is the huge potential reserves in sc72 in the reed bank.
This is a re posting of an updated article claiming as high as 55tcf with a means of 25 tcf on the reed bank. I'm not sure if our sc72 covers all of the reed bank or 80%/most of it. I imagine what's not auctioned off there , the ph govt would keep for its own development giving them the incentive to get this done without trying to alter our own contract. Kind of also meets another reports survey that said 5 tcf to 25 tcf. I imagine a us geological survey would be using the better tech to get this done and why pangilinan was so giddy/ happy as was ongpin saying the were extremely happy and excited with potential estimates better than expected.

https://www.rappler.com/newsbreak/rich-media/200820-west-philippine-sea-joint-exploration-china-constitution

“USGS assessments estimate anywhere between 0.8 and 5.4 (mean 2.5) billion barrels of oil and between 7.6 and 55.1 (mean 25.5) tcf of natural gas in undiscovered resources,” the document said.

Even the estimates for oil are huge At 20 dollars profit per barrel , the means 2.5 bil barrels would be 50 bil in profits rarely discussed. Only gas is discussed