FEC Resources Inc. (FECOF)

[ItsmorefuminPH]

Quote “The Philippine government has directed Pangilinan-led PXP Energy Corporation to go ahead with its programmed seismic survey and well drilling at the Recto Bank even without securing first the concurrence of China National Offshore Oil Corporation (CNOOC) or that of the Chinese government.”
China won’t allow drilling so they are going to take the SC72 property and give it to their friends.
The time to drill expires before the President’s term expires
Also no agreement with China then no way to raise the money to drill the well. PXP is short on cash.