OTCPK:FECOF - Post by User
Post by
Hanno11on Apr 19, 2018 1:43pm
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Post# 27912434
The Rocket
The Rocket
FECOF. Up 50% today and. 350% in 2 weeks!!! Fec resources= fecof
You've all heard about the crisis in the South China Sea between the philipines and China..... china actually rammed an exploratory boat on the reed bank 6 years ago and stopped a world class discovery in Sc72 from happening. Since then china and ph are in talks to finally make this happen. It's all over google news outlets. Search it. Pres Xi of China meets PH Duterte to sign a framework contract to go drill sc72 together. Maybe a few weeks away more or less. Sc72 is estimated at 8tcf to 20tcf ( wetherford research. And us energy dept. research)which is gigantic and primed to replace the world class malampaya oil/gas field next to it. Malampaya was a 2.7tcf and according to a few reports , malampaya has produced about 90 billion net profits and about 180 billion net profits by the time it's done in 10 years.
I'm here to bring attention to a micro cap huuuuuige oil play. Fecof has a 6.8% position of forum energy, and forum energy controls 70% of the sc72 contract. Pxp energy owns a large 72% position in forum energy, as well as being fecof' parent company.. pxp is a large 600 million market cap company trading on the pse, philipines. But fecof is a Canadian company in the pinks roughly a 15 million market cap.
When the reed bank deal with china was announced as probable, the stock of pxp went from 2.80 to 14 pesos in anticipation. When comparing pxp's equity in forum shares, it's clear that fecofs 6.8% in forum is at a huge discount and besides that when the deal is done and the contract announced, this 15 million dollar market cap company fecof will be sitting on a possible 4 billion dollar value or more in its lifetime net profits. It's safe to guess this stock can easily reach 50 cents in a year with forward announcements and a contract. There are 100 of us on the fecof board and are holding this stock up very strong for a long term gain but we need new attention . We won't sell this 4 cent stock until a contract is announced soon and we get 50 cents minimum. Please come to out board where we have the research and valuations mapped out.