FEC Resources Inc FECOF

Energy Oil & Gas E&P

FEC Resources Inc. is a Canada-based holding company. The Company has a 6.8% interest in Forum Energy Limited (FEL). FEL’s principal asset is a 70% interest in the GSEC101 offshore license located to the north west of the Philippine island of Palawan. The area is approximately 10,360 square kilometers and contains the Sampaguita gas discovery, which has expected gas in place of 3.4 Trillion Cubic Feet (TCF) and potential upside to 20 TCF. The Company also has an investment in a gold exploration project in the Philippines.

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FEC Resources Inc

Bullboard Posts

Post by xxtscon Oct 15, 2010 11:51am

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Post# 17569275

UK Forum

UK-Forum

plc today: - 30%

This is the RHPS sell recommendation from Bulford:

"I am going to call time today on FORUM ENERGY (FEP).

Two things make me uncomfortable about Forum. The first is that, because of the development of the USA’s shale gas fields the price of

is low relative to its historic relationship with oil and seems destined to stay that way.

Mysecond concern is that the future of Forum seems to be being decided inthe Philippines and frankly I doubt that the majority Filipinoshareholders and the country’s government officials have UK privateshareholders at the top of their list of priorities. I am uneasy here,so SELL.

Assessment based on gut feeling!

Hold

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