FEC Resources Inc. (FECOF)

[styl]

101 bil in philipine peso is 2.3 bil us dollars

thats an accumulation of profits since 2005<around there>, drilled in 2002 i think,

and thats a 3tcf find..even heard it referred to as 2.7tcf........ oil is worth more now than the average the last 5 or 6 years....amd i think gas in that region too.

so if that represents 60% of the profits.......

they must have pumped out around 4 bil in profits

if we can prove 5 or 6tcf...we'll be twice as big a find.......then only 70% of the field........minus 60% to the govt.....minus ? to the lead driller..and so forth ...and then 25% of whatever fep is worth.....

I am hoping for a huge find for proven not only for bigger profits but moreso that it guarantees the 5 bil investment going forward.