FEC Resources Inc. (FECOF)

[styl]

yes jsperrazz...

thats what china is claiming with very few words..they cancelled a meeting with the philipines about the subject.....it was an international incident with gunboats aiming at the explorer vessel veritas about 2 months ago.........They finished the seismic a few days later anyway..the philipines asked for an apology and china in return says that because they own the spratly's a.k.a. nanshun islands..they own that territory..........but according to international law and the economic zone it shows sc72 to be closer to palawan.....They dont challenge malampaya but the do challenge the reed bank.
So basically we have a stalemate here.......... It will be hard to get a partner to continue drilling without a diplomatic resolve from the nasty communist govt. of china. Theres a slight chance china knows they were wrong and is trying to save face by acting tuff and avoiding apologies...they want their bully image to stay intact. Commies rule thru fear..not respect.