Sunday, February 26, 2012 11:13:04 PM
My question is...........
does that mean if philex petro gets a contract that it will be done with fep doing the subcontracted work and getting some of that revenue? or is it considered seperate, as just a holding company and not really a dept. in the company that would handle that.
My assumption is that Fep would not benefit from it at all, unless they themselves bid on the contract. They are not a driller....i view them more of a middle man finance company focusing on oil contracts.
I see fep in philex petro the same way i would compare fep's association with fecof,,,,strictly a holding.
if fep makes money, fecofs equity goes up too.........but if Philex's revenues go up it has no correlation or effect on fecofs equity or profits.................although the opposite is true if you reverse the sentence......if fep and fecof makes money than philex/parent company will benefit.
anyway, maybe there is a possibility that they mean FEP afterall, when they talk about the contractual side of philex petro bidding, but the wording in it doesnt make it so. they should be more clear and say a subdivision , FEP , will be bidding...........otherwise its likely to be seperate.
I am not claiming to know for sure what they mean, but the way they state it leaves FEP out of it ..............for now.
glta
Recent FECOF News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/06/2024 06:55:46 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/06/2024 06:55:04 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 09/06/2024 06:53:41 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM