FEC Resources Inc. (FECOF)

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found an older <3 weeks> article that i think was overlooked, dont remember seeing this:


Forum Energy to start natural gas production off Cebu



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Published : Wednesday, November 16, 2011 00:00 Article Views : 984 Written by : Euan Paulo C. Añonuevo






UNITED Kingdom-based Forum Energy Plc. is set to start production of natural gas at the Libertad field in Cebu.
Department of Energy Undersecretary Jay Layug said Forum Energy will start churning out gas from the said field this month, enough for a one-megawatt power generating capacity.

Forum Exploration Inc., a wholly owned unit of Forum Energy, controls two-thirds of petroleum Service Contract 40, which contains the field. Coal miner Forum Pacific Inc. owns the remaining stake in the contract.

Jose Raymond Apostol, Forum Energy Philippines president, earlier said the company signed a supply agreement with Desco Inc., a local petroleum and geothermal company, which plans to use natural gas from Libertad for power generation.

Desco will sell power to the Cebu Electric Cooperative Inc.