FEC Resources Inc. (FECOF)

[styl]

Oilfield Production Consultants (OPC) Limited produced an Evaluation Report covering GSEC101. The report indicated mean resources of 3.4 TCF Gas in Place

how does that compare to a more accurate 3d scan and how reliable was or is this evaluation to begin with? Did this evaluation report also include a 3d scan or not?

PGS has produced an Oil & Gas Competent Person's Report covering SC 40 (Cebu). On a risked basis, estimated potential reserves from the two discoveries total some 1.14 BCF of gas and estimated risked reserves from prospects within the licence total 93 mmbbls or 320 BCF in a gas case

320 bcf is less than one tenth of the 3.4 Tcf....may not even be justifiable investment to actually drill there once they consider expenses and risk capital...Not trying to be negative here .......Just the facts are that if sc72 doesnt get people excited to invest in this stock than nothing else they have will either.

I wonder if those 2 lousy gunboats from china never showed up where this companys stock would be right now.

More importantly...how reliable is this evaluation report done in 2006....how often are they proven or disproven by actual 3d scan imaging? I really dont know, do you? Malampaya keeps me hopeful, but maybe theres only one malampaya there and that evaluation report was made to look more rosy than it really is...we will soon find out...Dont forget how the top accounting firm Arthur Anderson also played with numbers a decade ago for top companies.which helped lead to the stock market crash of 2000.
the bid and ask are kind of funny...someone wants to buy 170 dollars worth of fecof and someone at the ask wants to sell 90 dollars worth........laughable.
GLTA
glta