FEC Resources Inc. (FECOF)

[styl]

quick math


to settle a 9 mil. potential payout....and squash it


they pay 650,000 in CASH

and this is the amount i come up with that they will give bec per agreement, in future annual gross revenues that will slowly decline.

2,ooo,ooo galoc rev.
274,000 Nido revenues
720,000 matinloc revenues
---------
3,000,000 ...........roughly 3 million in 2011 revenues.what the net profit of that would have been i have no clue.
plus the 650 cash dont forget

I simply took the numbers they had.so if the had 50% of something left , then b.e.c. had the same numbers with the other 50% split....
then i added multiplied those barrels by $100 a barrel and multiplied the percentage again in decimal points.

its not a cheap settlement by any means for a company with currently a small market cap. Probably why they opted to do it this way then to pay out more cash.
I didnt get any figures to do math on with service contract sc6a and 6b since they didnt supply it.......I'm wondering if they left that one alone as part of the agreement...Might have to call this guy tomorrow