Replies to post #9435 on FEC Resources Inc (FECOF)

[irishintelligence]

Yes. And China/Philippines are discussing a joint venture. We are going up from here.

[styl]

Yes. They do Jim. It was gse101 that became sc72
They use to have 25% at one time way back
of this field in the reed bank. The Chinese did their own research and are willing to fight and steal it so you know something of huge value is in there.
The project was delayed and now they are about to sign a deal I. What most of us believe are only months away from actual drilling. Talk about using the malampaya rig to bypass a new platform that takes years.
Exciting as the South China Sea has been said to have reserves only second to Saudi Arabia. Maybe an exaggeration but it's still a big deal. Definitely worth the speculative risk at these prices
Fecof has almost 7% of sc72 currently because of dilution in past years but still worth a value play at just a 10 mil market cap