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12/03/12 11:54 AM

#6449 RE: kentcrek #6447

cash flow??

Fep should have some cash flow from Galoc field, and that equates to some equity gains for fecof, but not CASH FLOW.........Best Case scenario is for fecof to borrow the money as an equity loan at lets say an 8% interest rate or lower if they can get it from parent company Philex or first pacific.

The board is fully entrenched with philex members and may very well dilute the company instead because thats whats in the best interest for PHILEX.........just saying.