FEC Resources IncOOTC FECOF Stock Report

FEC Resources, Inc. is an investment holding company, which engages in the exploration and development operation of oil and gas business. The company is headquartered in Vancouver, British Columbia. The firm has one operating segment which is primarily the business of exploration and development of oil and gas and other mineral related opportunities, through companies in which the Company invests. The firm has an 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. FEL’s subsidiaries are Forum Energy Philippines Corporation (FEPC), Forum (GSEC 101) Limited (FGL), and ForumPH SC72 Holdings, Inc. (ForumPH).