FEC Resources, Inc. (FEC or the Company) is listed under the ticker symbol “FECOF” and is a subsidiary of Philex Mining Corporation (Philex) who holds 51.2% of the undiluted issued and outstanding capital of the Company.
The principal investment of FEC is a 18.42% stake in the UK company Forum Energy Plc (Forum) who are listed on the AIM market of the London stock exchange.
Forum’s principal asset is a 70% interest in the GSEC101 offshore licence located to the north west of the Philippine island of Palawan.
The area is some 10,360 Km2 and contains the Sampaguita gas discovery which has expected gas in place of 3.4TCF and potential upside to
20 TCF (“Trillion Cubic Feet”). Further appraisal work will be carried out endeavouring to bring the field to commercialisation.
For further information on Forum Energy Plc visit www.forumenergy.com
FEC additionally holds a 1.08% interest in the Lascogan Mining Corporation (LMC) in partnership with Philex Gold Inc, another subsidiary of Philex Mining Corporation.
In pursuance of FEC’s stated objective to seek world class mining projects on commercially attractive terms LMC holds a Mineral Production Sharing Agreement 148 (MPSA 148) comprising of 2306 Hectares in the province of Surigao, on the Philippine island of Mindanao.
For further information on MPSA148 visit www.philexmining.com.ph
To learn more about the Oil, Gas and Coal assets of Forum Energy Plc visit
their website at www.forumenergyPLC.com
For regular updates on the operations of Forum Energy Plc
For General Enquiries email: info@FECResources.com