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 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 northwest of the Philippine island of Palawan. The area is approximately 10,360 square kilometers and includes the Sampaguita gas discovery, which has expected gas in place of 3.4 trillion cubic feet (TCF) and potential upside to 20 TCF. The firm also has an investment in a gold exploration project in the Philippines.

Industry: Crude Petroleum & Natural Gas