FEC Resources Inc. (FECOF)

[styl]

what i take away from this article is that the field with less than 2.5 tcf was bought by them for less than 200 mil..175 mil i think it said........dont know the exact percentage of that field they bought...around 50% i guess.... they expect "recoverable" to be much less........... and it sounds like that govt is more unstable than the philipines.....although it might not have been when they made this purchase...

so maybe fep in an "as is" condition, is worth around somewhere between 150 million to 500 million.......who knows for sure unless you put it up for auction. Continuing forward it could either enhance its worth greatly or diminish its worth with failures.........going forward will allow these guys to do many sweet deals for themselves off the books and paper/corporate ownership shuffling , so go forward they will.