Fomento Economico Mexicano ADR Representing 10 Units of Ord Shs V.FMX

Primary Symbol: FMX

Fomento Economico Mexicano, S.A.B. de C.V. (FEMSA) is a holding company. The Company's segments are Coca-Cola FEMSA, FEMSA Comercio-Retail Division and FEMSA Comercio-Fuel Division. The Company conducts its operations through holding companies, such as Coca-Cola FEMSA, S.A.B. de C.V. and subsidiaries (Coca-Cola FEMSA), which produces, distributes and sells beverages; FEMSA Comercio, S.A. de C.V. and subsidiaries (FEMSA Comercio), which consists of a Retail Division operating various small-format chain stores, and CB Equity LLP, which holds its equity investment in Heineken N.V., and Heineken Holding N.V. The Company's Coca-Cola FEMSA produces, markets, sells and distributes Coca-Cola trademark beverages through standard bottler agreements in certain territories in the countries, in which it operates. Coca-Cola FEMSA also sells bottled water products. FEMSA participates in the retail sector primarily through FEMSA Comercio.

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Fomento Economico Mexicano ADR Representing 10 Units of Ord Shs > NEWS!!! FMX SPUDS NEW OIL WELL!!!

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Post by LineMaxon Dec 10, 2013 2:52pm

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Post# 21991183

NEWS!!! FMX SPUDS NEW OIL WELL!!!

CALGARY, Dec. 10, 2013 /CNW/ - First Mountain Exploration Ltd. ("First Mountain" or the "Company") (TSX Venture: FMX) is pleased to announce it has commenced a horizontal drilling program in the Atlee Buffalo area of Alberta. On December 9, 2013 the well FMEL 03HZ ATL-BUFF 14-20-21-5W4M (the "well") was spud and it is expected the well will reach a total depth of approximately 1,765 meters on December 17, 2013. Once completed, First Mountain plans to install production facilities and have the well on production early in January, 2014. First Mountain has an 85% working interest in the Atlee Buffalo Area.

MAX

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