FEC Resources Inc. (FECOF)

[stervc]

sonnykapps, with these FECOF related articles...

Thanks for posting these articles relating to FECOF:
https://www.cnnphilippines.com/news/2020/10/15/duterte-lifts-moratorium-petroleum-exploration.html
https://www.cnnphilippines.com/business/2020/9/14/Dennis-Uy-Manny-Pangilinan-oil-exploration-Recto-Bank.html

With the Department of Energy announcing this past Thursday that President Rodrigo Duterte approved the lifting of the moratorium on oil and gas exploration in the West Philippine Sea, this could bode well bode well for FECOF and us shareholders.

Important to note, per the Form 6-K filed with the SEC, for those who are new to researching FECOF, is that PXP Energy Corporation (Philex) increased their interest in FECOF from 54.99% to 78.39%:
https://www.otcmarkets.com/filing/html?id=14371717&guid=93-eUq67du81Q3h

PXP Energy Corporation (Philex):
https://www.pxpenergy.com.ph/

http://www.fecresources.com/
Forum's principal asset is a 70% interest in the GSEC101 offshore licence located to the north west of the Philippine island of Palawan. The area is some 10,360 Km2 and contains the Sampaguita gas discovery which has expected gas in place of 3.4TCF and potential upside to 20 TCF ("Trillion Cubic Feet").

v/r
Sterling