FEC Resources Inc. (FECOF)

[styl]

Irish.....

I respect your opinion , but I've been following this for years. It's a fact that Malampaya gives the govt only ten percent on the revenues per the contact they signed. The govt receives roughly a billion a year from profits depending on the price of nat gas and expenses the drillers take first. There's a picture on google where they govt receives a check for 1 billion in I think 2012.... so that year alone the entire Malampaya produced 10 billion in profits.
They've been pumping profits for over 16 years now. I think the project started 2001 but they got pumping in 2003.

Lastly. The title is "govt revenues ". Once again the govt gets 10% of the deal.

Nobody would be getting this excited , especially china if this (sc72)was just a 60 billion dollar well (3 times malampayas govt revenues). They would just buy the damn thing.

There are articles that are released by the energy dept that also state there's trillions in the South China Sea and that a good chunk of it is in the reed bank. They compare this to Saudi Arabia for a reason.

I think you will be pleasantly surprised when you realize and verify my numbers. Or I will be very disappointed if I'm wrong. Lol