FEC Resources, Inc. (FEC or the Company) is listed under the ticker symbol “FECOF” and is a subsidiary of PXP Energy Corporation who holds 54.99% of the undiluted issued and outstanding capital of the Company.
The principal investment of FEC is a 6.80% stake in the UK company Forum Energy Limited.
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``)
FEC additionally holds a 1.08% interest in the Lascogan Mining Corporation (LMC) in partnership with Philex Gold Inc, a subsidiary of Philex Mining Corporation.
For further information on MPSA148 visit www.philexmining.com.ph
For General Enquiries email: info@FECResources.com