FEC Resources Inc. (FECOF)

[irishintelligence]

My letter to FECOF and PXP leadership, as well as our shareholder group, below:

Everyone was BCCd



---------- Forwarded message ---------
From: Matt O'Malley <>
Date: Thu, Mar 10, 2022 at 11:55 AM
Subject: GOOD News 12/31/23 Loan // Fwd: Current FEC Resources Activity
To: LGI Admin <>


To All Concerned:

Thank you to PXP and FECOF CEO Daniel Carlos for this very responsible approach.

https://www.newsfilecorp.com/release/116286/FEC-Resources-Receives-Additional-Cash-Call-for-Participation-in-Forum-Energy-Limiteds-PreDrilling-Funding

A loan from parent company PXP to FECOF which is not due until 12/31/23 allows for time to have the exploratory drilling completed - and much more. The previous FECOF leadership would have diluted shareholders immediately, an extremely irresponsible and regulatorily questionable approach.

Although FECOF dilution is mentioned as a possibility, given the way this is written it is clear that FECOF shareholders are finally receiving the respect they deserve.

Thank you, Dan.


Matt


Matt O'Malley | Principal Consultant
LendSight | Looking Glass Investments
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Milwaukee, WI 53217
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