FEC Resources Inc. (FECOF)

[irishintelligence]

https://business.mb.com.ph/2017/11/18/govt-revenues-from-malampaya-reach-p990-billion/

--17 years = US$21.284 billion or $1.3 Billion per year GROSS revenue.

--It is said that Recto Bank has 3X the gas in malampaya

--$3.9 Billion of GROSS revenue per year * our 4.76% ownership = $185,640,000 per year.

--If we generate 10% net profit on that GROSS revenue we would have $18 Million/year or $0.045 per share per year of profit.

--If we generate 20% net profit on that GROSS revenue we would have $37 Million/year or $0.09 per share per year of profit.



On 10% net profit we will be trading at $0.70/share. (6% dividend)
On 20% net profit we will be trading at $1.40/share. (6% dividend)