FEC Resources Inc (PK) (FECOF) News

https://malaya.com.ph/news_business/pxp-energy-to-pursue-shares-swap-worth-p1-56b/?amp

Take aways:

-Increased Control by PXP Energy: PXP Energy will almost fully control Forum Energy Limited with a 97.88% stake, which could lead to more decisive and streamlined decision-making processes within Forum Energy.
-Potential for Enhanced Operations: With a larger stake in SC 72, PXP Energy might be better positioned to invest in and develop this asset, possibly leading to improved operational outcomes for Forum Energy.
-Ownership Changes: Existing minority shareholders of Forum Energy Limited will see a significant shift in the ownership structure, potentially reducing their influence.

-Future Strategic Directions: The increased stake by PXP Energy and the proposed changes to the board could signal strategic shifts or new initiatives aimed at maximizing the value of Forum Energy's assets.

gm free

I have no pm possibility anymore. and I sold FECOF a longtime ago on one ofthe runs. Pls. send your pm to irishintelligence, I guess he is still involved. I am not. I dod not even know if this list is still actual as this was in 2018.

good luck, go

Amen, all things are possible, the people must stand strong for territorial rights. We will see in the future; faith is strong.

Selfish insiders plus Chinese oppression leaves a little hope for us. Nonetheless, all things are possible with God —so I keep praying about it—the Philippines needs it’s a oil and gas. These discoveries are in Filipino national territory. Pray that God will remove the oppression of the Chinese, and that the Philippines will be allowed to use their own natural resources. Then, perhaps, we, too, will prosper.

Hi all, this is my first time posting on this board. I've been holding for a little over a year and still believe this could be big in a few years. Is there still hope here? Thoughts?

To me, the question is not will they eventually drill, it's how long can FECOF hold out financially.

This is far from done.

https://ca.finance.yahoo.com/news/philippines-marcos-open-military-exchanges-094143236.html

https://powerphilippines.com/pxp-energy-hopeful-to-continue-explorations-in-west-philippine-sea/

NEWS out now

https://www.newsfilecorp.com/release/130523

Just wondering, why do you view this situation so negative? I guess you have more insight to this than I do but from what I read the company is hopeful to restart the work soon and the new incoming administration already said they wanna work with China on the dispute and to explore this stuff together. What am I missing here? PXP stock price has been relatively strong lately as well based on these rumors or not?

I believe the nail in the coffin, so to speak, is that the moderator has left the building....

Yes dead as a dodo

https://www.philstar.com/business/2022/06/27/2191095/energy-exploration-dims-further-west-philippine-sea

Hi Everyone, So tell me................Is this company dead or alive? What chances of a pulse? Thanks in Advance.......Hosedraggers

At 31 March they had cash of $78000 so it looks like these blokes are going to run out of money again and soon so another dilution coming ?

So it was a personal perspective.
As you are aware, many people on this board have been holding for 15+ years. You are not scaring or persuading anyone.
Thanks

From the last 5 year personal experience .

And you know this based on.............

Buy buy buy you will sell at 0001..............

Unofficial Election Results

https://ph.rappler.com/

https://www.manilatimes.net/2022/04/07/news/national/marcos-sees-ph-as-producer-of-wind-power/1839150

These articles show some of the turmoil in the current Philippines election process.

https://www.manilatimes.net/2022/04/10/opinion/editorial/painfully-high-fuel-prices-may-hasten-green-pivot/1839527

https://www.manilatimes.net/2022/02/20/opinion/columns/maybe-the-lawyers-should-go-drill-for-gas/1833589

Well said good Sir

I'm actually surprised that PXP has held up so well since this news. I thought it would take a much bigger dive.

That is good. Hope the company to get clearance asap. Will add more and hold for a few years.

PXP trades on the Philippine Stock exchange and has given back all of its gains.

https://www.pse.com.ph/company-information-PXP/

In a letter dated April 6 signed by Energy Usec. Donato Marcos, which PXP Energy attached in its disclosure, the DOE said the SJPCC took into consideration the “political, economic, and national security implications of any activity in the West Philippine Sea” in deciding that exploration firms should secure clearance first before proceeding.

The Philippines is a very poor country that is lead by a banana republic govt full of corruption, my cousin lived there for a while and couldn't wait to get out. I remember sending only $100 each month and that was enough to live on. This deal is worth 100's of millions of dollars and I would assume some one is not satisfied with the deal. It all comes down to money and payoffs, JMHO

Yes it appear while I was not paying attention, the Philippines got woke and swallowed the Green Cool aid.
It looks like the former dictators son is going to be elected, at this time. He is pushing wind instead of oil or gas to "fix" the country.
This is the third time in many years I have gotten burned by this stock. I am out, out. Good luck to all.

Political pressure and the threat of force is the cause.
Communist Party of China ????? Zhongguó Gòngchandang
Get on your knees or on your feet.
A lot of that goin’ around these days ..
Jmo

I’ll take a stab at it….
It sucks.

When there are billions of dollars at stake, with multiple greedy billionaire mfers all vying for control of the same asset, the game goes on..

Sure did, and am curious as to there efforts to fix this dilemma
Do you happen to know why this happened what caused this

Whats you take on this?

Cant find any other news on this, but suspect that this may have something to do with it:

https://www.manilatimes.net/2022/04/07/news/national/marcos-sees-ph-as-producer-of-wind-power/1839150

Did you read the news?
FEC Resources reports on SC 72 Force Majeure Declaration.

What do you mean ?

It looks like it. All corruption.

GAME OVER ?
See local media report on PXP
https://www.bworldonline.com/corporate/2022/04/12/441853/pxp-energy-suspends-exploration-on-doe-directive/

Has anyone read the news this morning on TD?

I was wrong my bad

Not sure how this is related to FEC Resources?
Eagle trades under FECRX I believe.

$FECOF:

New Insider Filing on First Eagle Credit Opportunities Fund's

Director

JOHN P ARNHOLD:https://t.co/PEzlqmE1Ky— Insider Alerts (@InsiderAlerts4U) April 5, 2022

---------- Forwarded message ---------
From:
Date: Mon, Apr 4, 2022 at 11:46 AM
Subject: Forum Energy: Increasing Your Stake
To: Dennis A. Uy <dennis.uy@udenna.ph>, <info@atokbigwedge.com>, <investorrelations@apexmining.com>, <mdbaltazar@apexmining.com>
Cc: <admin@pxpenergy.com.ph>, <bcm@migalloslunalaw.com>, <dpcarlos@pxpenergy.com.ph>, Riaz Sumar <riazs@telusplanet.net>, CCPR <cccpramirez@gmail.com>, <philex@philexmining.com.ph>, <pmnavarro@philexmining.com.ph>, Paul Wallace <pfwallace@msn.com>


Dennis, Roberto, Jose:

FEC Resources (https://fecresources.com/) owns 6.8% of Forum Energy.
The FEC Resources (ticker: FECOF) market cap is $6.5 Million.
FECOF is publicly traded and shares can be purchased with relative ease.

Roberto, according to your Atok Big Wedge public filings, you value Forum Energy @ $2.5 Billion. And Dennis, according to your Udenna Corporation public filings, you value Forum Energy @ $500 Million.

Roberto and Dennis, using an average of your valuations, FECOF should be trading at about $0.10/share and not its current price of $0.02/share. Atok Big Wedge, Udenna Corporation, and Apex Mining could increase its stake in Forum Energy by purchasing shares of FECOF on the open market.

Many thanks.

I think a deal gets done before the election - it is too important - energy security. But I could be wrong.

100% and it makes sense that it gets done before the Presidential election.

The other thing is that the wheels of government get very sticky for the next 5 months until new ministers appointed so generally officials think it best to avoid big decision during this period such as granting the extension for SC 72. Friends of new president may have their eye on the project .
We should keep a watch out for PXP 2021 results ( not sure when that will be )

Good summary of Philipine elections
and China friendly candidates.

The Philippines' pivot toward China could change when Duterte steps down https://www.cnbc.com/2022/03/24/philippine-presidential-election-dutertes-china-pivot-could-change.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

I’m not sure what the humor was in my question? Asking because I’m unsure.

LOL!

So what's the deal here? Is there potential for a buyout? Have they started drilling the two wells? Any idea when we could potentially hear an update?

If we get a deal this thing here could explode.