FEC Resources Inc. (FECOF)

[ItsmorefuminPH]

this article is rubbish! if I know anything about the oil business PXP won't want the FM lifted until there is an agreement agreed and signed with CNOOC for the exploration and rigs secured and pipes ordered. Why? because once the FM is lifted the clock starts ticking and there is then two years left to get mobbed up and drill two wells. PXP wont want to ask for an extension as it could lose the property.
When Forum puts in its share of the $100 million we will get diluted and diluted again when FEC runs out of cash
I figure no lifting of FM until Xmas 2019
So we need a generous cash offer which I cant see happening until a deal with CNOOC is done.
Keep the faith as good things must happen but assume no time soon.