FEC Resources Inc.
OOTC:FECOF0.00
USD
+0.00
(-12.12%)
CIK
849997
ISIN
CA30246X1087
CUSIP
30246X108
Return %
Stock
S&P 500
1Y
-60.54
14.20
3Y
-31.76
81.12
5Y
-94.20
68.34
Capital Structure
USD
•
in mil. unless spec.Working Capital
USD
•
in mil. unless spec.Growth Rates
USD
•
in mil. unless spec.Quarterly Revenue
USD
•
in mil. unless spec.Quarterly Earnings Per Share
USD
•
in mil. unless spec.Quarterly Dividends Per Share
USD
•
in mil. unless spec.Company Description
- CEO
- Daniel Stephen P. Carlos
- Full Time Employees
- - -
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- 550 Burrard Street Vancouver BC Canada V6C 2B5
- IPO Date
- Oct 31, 1989
- CIK
- 0000849997
- Website
- fecresources.com
- Similar Companies
- Business
- FEC Resources Inc. is a Canada-based investment holding company focused on the exploration and development of oil and gas properties, primarily in the Philippines. Founded in 1982 and headquartered in Vancouver, British Columbia, the company holds a 6.80% equity stake in UK-based Forum Energy Limited (Forum), which owns a 70% interest in Service Contract 72 (SC 72) offshore northwest of Palawan, encompassing the 10,360 square kilometer GSEC101 license area with the Sampaguita gas discovery estimated at 3.4 trillion cubic feet of gas in place and potential upside to 20 trillion cubic feet; FEC operates as a subsidiary of PXP Energy Corporation, which controls 54.99% of its shares. Its core investment activities target upstream oil and natural gas opportunities through Forum's Philippine-focused assets, with historical involvement in mineral-related ventures including coal and gold exploration. In July 2025, FEC completed a significant debt restructuring by issuing 131,563,725 common shares at $0.0088 per share to PXP Energy Corporation, settling $1,011,155.88 in principal plus $146,604.90 in accrued interest for a total of $1,157,760.78; earlier extensions on PXP loans in 2024 and 2025, along with pro-rata advances totaling approximately $627,020 to Forum for pre-drilling costs and a $3 million financing round in 2023, reflect ongoing efforts to preserve liquidity and support SC 72 exploration amid regulatory filings like the May 2025 British Columbia Securities Commission cease trade order, now resolved with recent financial reporting.
Company News
FEC Resources Settles PXP Loan by Issuing Shares
FEC Resources Receives Cease Trade Order from BCSC
FEC Receives Further Extension for Loan Repayment
FEC Receives Extension for Loan Repayment
FEC Resources Brings Attention to Share Exchange Between PXP and Tidemark for Forum Shares
FEC Resources Receives Extension on Loan Repayment and Converts Loans to Forum Energy Limited to Maintain 6.8 Percent Interest
FEC Resources to Participate in Financing of Forum Energy Limited