FEC Resources Inc. (FECOF)

[Lottalead]

FECOF .0112 The minority shareholder group is going to force management to use a formal, independent, global, and transparent bid process for the sale of our 6.80% ownership stake in Forum Energy / SC - 72 / Reed Bank. Quite a compelling Davy vs. Goliath story. There will be more media exposure coming because so many prominent Philippine billionaire businessman have positioned themselves directly and indirectly with Forum Energy. The lowest valuation we will accept is $40m or .10 per share FECOF. We would prefer that they exchange shares of PXP for our asset because it’s worth is far greater than the $40m minimum once commercialized. Each day the asset grows in value because they move closer to the exploration moratorium on SC72 being lifted.