FEC Resources Inc. (FECOF)

[styl]

i get anxiety sometimes doing the math.

forget the fact that we POSSIBLY have a malampaya sized field worth many billions...besides that

I cant get over the figure I heard again if at all true: Earlier surveys suggest that 96 billion cubic meters of natural gas and [url]440 million barrels of oil are held in the SC72 area.

fep has 70% of that so its 308 million barrels
so if the govt gets 60% and we get 40% of that...we have 123 million barrels strictly for feps gross < 12,300,000,000>..... thats 12 billion folks
if we net just 10 dollars a barrel thats 1.2 billion.........if we net 20 a barrel.2.4 billion.and if we net 30 dollars a barrel its 3.6 billion

so 25% for fecof means we have equity in oil alone somewhere between 300 mil and close to one bil.

thats a hell of an upshot for some company trading at just 20 mil right now...........ohh yeah......now you can add the gas too

glta