FORUM ENERGY erste Kohleeinnahmen!!! - 500 Beiträge pro Seite

[hainholz]

Forum Energy A0ERXT


Die FEC Betriebsmittel-Zunahmen, die der Eisenerz-Lizenz halten, und die Produktion beginnt bei 20.000 metrischen Tonnen pro Monat 11/8/05 CALGARY, Alberta, Nov. 08, 2005 /PRNewswire-FirstCall über COMTEX/ -- FEC BETRIEBSMITTEL Inc.. (OTC Anschlagbrett: FECOF; Frankfurt/Munich: FE8) ("FECR" oder "die Firma") freut sich, um zu berichten, daß die Firma Bezeichnungen zugestimmt hat, um sein Interesse an einer Eisenerzminelizenz zu erhöhen, die auf den Norden von Manila in der Provinz von Bulacan, Philippinen aufgestellt wird. Die Vereinbarung ersetzt das vorher verkündete Abkommen mit dem begrenzten Transpacific Bergbau ("TML") und dementsprechend die Firma erhöht seine Stange in der Lizenz um 15%, indem sie ein direktes die 35% Billigkeit Interesse an Metalore Mining Corporation ("MMC"), Philippine Operating Company erwirbt, das die 64-Hektar-Lizenz besitzt und laufen läßt, die in der nahen Nähe nach Manila aufgestellt wird. Als Teil der Verhandlung wird die vorhergehende 20% indirekte Holding der Firma, gehalten durch TML, annulliert, wie das ursprüngliche Nichtinteresse USS500,000 Lager und das ungesicherte Darlehen von FECR zu TML werden. Tml bleibt der Majorität Aktionär von MMC. Ein unabhängiger kompetenter Person-Report zeigt an, daß die geschätzten wahrscheinlichen Reserven der Lizenz zwischen 25 - 50 Million metrische Tonnen hohes Gradeisenerz, mit F.E. Inhalt in der Strecke 60 - 75% sind. Produktion begann im Oktober mit einer Ausgangsrate von 20.000 metrischen Tonnen pro Monat. "wir werden erfreut, unsere Holding erhöht zu haben, besonders da Bargeldumlauf unmittelbar drohend ist. Die Ausgangsproduktion Rate, die bis jetzt auf Arbeit basiert, liefert erheblichen Bargeldumlauf an die Firma, wenn über die ersten Verkaufsverträge in naher Zukunft verhandelt werden. Die Firma kann einen gleichwertigen zuerstanteil der Produktion 7,000MT pro Monat erwarten, der unsere Bilanz und Kassenposition verbessert, und diese Produktion Abbildung wird prognostiziert, um durch 2006, "kommentiertes Larry W. Youell, Präsident u. CEO im wesentlichen zu verbessern. Herr Youell fuhr, "mit unseren Öl- u. Gaswerten fort, die jetzt völlig finanziert wurden und sachverständig durch London gehandhabt waren, und unser erster gewinnenwert jetzt in der Produktion, sind wir überzeugt, daß 2006 liefern erheblichen Wert an unsere Aktionäre." Im Namen des Brettes von, FEC Betriebsmittel, Inc.. "Larry W. Youell" Präsident U. CEO Diese Freigabe enthält "das Vorwärts-Schauen von von Aussagen" wie pro Abschnitt 21E der US Aktien und der Austausch-Tat von 1934, wie geändert. Obgleich die Firma glaubt, daß die Erwartungen, die in solchen Vorwärts-schauenden Aussagen reflektiert werden, angemessen sind, kann sie keine Versicherung geben, daß solche Erwartungen beweisen, korrekt gewesen zu sein. Management wiederholt z.Z. viele Wahlen und es gibt keine Versicherung, daß sie die Entscheidungen nicht anders als die jetzt erwogen treffen. Die Firma ist abhängig von politischen Gefahren und funktionsfähigen den Gefahren, die in den Dokumenten gekennzeichnet werden, die mit der Sicherheiten und Austausch-Kommission, einschließlich das Ändern und die niedergedrückten Ölpreise geeinordnet werden, in den erfolglosen bohrenresultaten, im Regierungswechsel und in der politischen Ruhelosigkeit in seinem Hauptbereich von Betrieben Zu mehr Information treten Sie bitte mit Larry Youell an [phone] E-mail [e-mail] in Verbindung oder besichtigen Sie die FEC Betriebsmittelweb site an www.FECResources.com QUELLFEC Betriebsmittel Inc.. Larry Youell von FEC Resources Inc., [phone] oder [e-mail] http://www.prnewswire.com Copyright (c) Fotorezeptor 2005 Newswire. Alle Rechte vorbehalten.

[hainholz]

früher als erwartet

ab 2006 geht es erst richtig los

[hainholz]

guckt euch mal den Kurs von Forum an und dann zum Vergleich manchen Explorer der noch nichts auf der Schippe hat.

[hainholz]

1 Tonne Eisenerz ca. 100$ simmt das?

[borazon]

Welche Sprache soll das in #1 sein?

[hainholz]

28 November 2005





Forum Energy Plc (`Forum` or `the Company`)



Preliminary results for the six months to 30 September 2005





Forum Energy Plc, the UK-based energy group with a portfolio of oil, gas and coal assets in the Philippines, today announces its preliminary results for the six months to 30 September 2005.



Highlights of the year include:



Raised £3.4 million in a pre-IPO placement in May 2005
Admitted to AIM in August 2005 raising £11.0 million
First revenues from gas and coal developments in the Philippines expected in the first half of 2006
Completed 2D seismic survey in Tañon Straits, SC40
Completed 3D seismic survey over the Sampaguita Gas Field, GSEC101
Completed feasibility study for the Libertad Gas Field development, SC40


Commenting, David Robinson, Chief Executive, said:



“We are very pleased with the progress that Forum has made since its inception earlier this year, through the acquisition of the Philippine oil & gas and coal assets of Sterling Energy plc in the UK and FEC Resources Inc. in Canada. We look forward to many positive developments during the months ahead. “







For further information please contact:



David Robinson, Chief Executive, Forum Energy Plc: [phone]



Adam Westcott, Noble & Company Limited: [phone]



Ian Foster, First City Financial Public Relations: [phone]

[phone]







Or visit the Company’s website:



www.forumenergyplc.com





















Chairman’s Statement:



Dear Shareholder:



Since its establishment in April 2005 through the merger of the Philippine oil & gas and coal interests of FEC Resources Inc. of Canada and of Sterling Energy Plc of the UK, Forum Energy Plc has made considerable progress in advancing the exploration, appraisal and development of its portfolio of assets. It is the only AIM-listed international E&P company that is currently focused exclusively on the Philippines.



Financial

Forum recorded a loss of US$0.571 million for the interim period ended September 30, 2005. This loss was primarily attributable to expenses associated with the administration of the company in the period since formation whilst the IPO was being completed. .



The company successfully raised £3.4 million (pre-expenses) in a pre-IPO placement at 100p per share in May 2005, followed by an IPO placement of £11.0 million (pre-expenses) at 112p per share and admission to AIM in August 2005. Forum’s working capital position as of September 30, 2005, was US$16.4 million



The Board of Directors has approved the 2005 and 2006 capital and operating budgets for Forum, which include development of the Libertad Gas Field and the Central and Southern Cebu coal operating contracts (COCs), all of which are expected to become revenue generating during the first half of 2006.



General Survey and Exploration Contract 101 (GSEC101)

In August, Forum completed a key 3D seismic survey across the major Sampaguita gas discovery, offshore the Philippines. The survey was carried out over an area of 248 square kilometres by DGC Asia Pacific Ltd, part of Veritas. The data is currently being processed in the UK by Veritas, and is expected to be completed by the end of the first quarter of 2006. The processed data will be interpreted at Forum’s office in the Philippines.



Interpretation and analysis of the 3D seismic data will provide more information on the commercial potential of this highly promising discovery, and help identify the best location for a possible appraisal well which is targeted to be drilled over the next 18 months, subject to rig availability and, if deemed appropriate, finding a farm-in partner.



The Sampaguita Gas Field is located within license area GSEC 101 west of Palawan Island in the South China Sea; Forum holds 100% of this under-explored acreage, which covers 10,630 square kilometres and contains at least eight other undrilled prospects and leads besides Sampaguita.



Sampaguita lies 250 kilometres southwest of the world-class Malampaya Gas Field, where operator Shell has installed extensive production facilities and pipeline infrastructure that supplies gas to three Philippine power plants. Gas has already been tested from Sampaguita during the 1970s and 1980s. A recent independent assessment by petroleum consultants PGS Reservoir Ltd estimated that the field could contain potential recoverable gas reserves of up to 2.3 trillion cubic feet.



Service Contract 40 (SC40)

Forum completed an offshore 2D seismic acquisition programme in the Tañon Strait, west of Cebu Island within SC40, in June 2005. The data acquired is being processed by Spectrum Energy (UK), along with 1,000 kilometres of vintage 2D data from the region. The processed lines will be integrated with the reprocessed vintage lines and interpreted in-house in the Philippines. Interpretation is forecast to be completed during the second quarter of 2006.



The seismic survey, completed by the Veritas Searcher, acquired 310 kilometres of new 2D data in licence SC40, where Forum holds a 67% interest. Structures within the area covered by this survey, including the Central Tañon and Jibitnil Island prospects, have combined potential reserves of 350 million barrels of oil equivalent according to estimates by PGS Reservoir Ltd.



The new seismic lines have been acquired in order to improve the mapping of the Central Tañon and Jibitnil Island prospects. The seismic data will be tied to old wells such as Bangus and Anapog (for Central Tañon) and Bakyad (for Jibitnil Island) for better well-to-seismic correlation. The new seismic lines acquired between Jibitnil and Cebu Islands will help define more precisely the Jibitnil Island structure which is cut by several faults. In addition to seismic data, the survey included the acquisition of marine gravity and magnetic data, which is now being processed by Ark Geophysics Ltd (UK).



Elsewhere within SC40, first gas production is expected during the first half of 2006 from the onshore Libertad Gas Field, to supply a 2 MW gas-to-electricity project. The Philippine Department of Energy is expected to formally announce a Declaration of Commerciality for the Libertad Gas Field shortly after which development of the field will begin, subject to satisfactory commercial terms and approvals.



In 2003, a gas and oil discovery was made within SC40 at the northern tip of the island of Cebu, in the Maya region. Workover and testing of one of the discovery wells, F2X, is planned to begin in the first quarter of 2006, once the necessary materials have been delivered and the scheduled maintenance and refurbishment of the company’s 66.7%-owned Hycalog drilling rig has been completed.



The open-hole section within the F2X well will be cleaned out and a liner run to prepare the well for testing through a completion string. If the well flows oil, it will continue into an extended testing period. If it produces gas, it will be shut-in and considered for future production as a gas-to-electricity project, similar to the Libertad Gas Field development.



Coal Operating Contracts

Forum’s 66.7%-owned coal operating contracts (COCs) in Central and Southern Cebu, COC 131 and COC 132, are currently being appraised and developed in accordance with the company’s commitments to the Philippine Department of Energy. These commitments are due to be fulfilled during the first quarter of 2006, at which time commercial production is expected to begin. Some incidental production is likely to occur prior to that from the driving of shafts and other development activities.



CSA Group has produced a Coal Competent Person`s Report covering COC 131 and COC 132. Proven and probable coal reserves are estimated to be 1.4 million metric tonnes and 3.5 million metric tonnes respectively.



New Ventures

In May, Forum entered into an agreement with Basic Consolidated, Inc. in the Philippines whereby the parties agreed to work under an exclusivity period towards finalizing the purchase by Forum of Basic’s petroleum interests in the Philippines. The exclusivity period was subsequently extended to 31 January 2006 while Forum continues the technical due diligence of Basic’s petroleum interests.



This potential acquisition is consistent with the company’s strategy to consolidate its position in the country by acquiring further oil, gas and coal assets, and if successful, would add significant value to Forum’s portfolio. In this regard, the company is also in discussions with a number of other groups that own oil, gas and coal assets in the Philippines.



Additionally, in June 2005, Forum loaned $600,000 to MG Mining and Energy Corporation in the Philippines, as part of an option agreement to potentially acquire some or all of MG’s coal mining assets in the country. To date, Forum and MG have been unable to agree to the terms of an acquisition, and it is uncertain whether a transaction will ultimately be completed between the parties. The $600,000 loan plus interest is due and payable as of September 30, 2006 or earlier in certain circumstances, and security is provided by MG’s coal operating contract which is located next to Forum’s Southern Cebu COC.



Outlook

Forum Energy is well-positioned to move forward with the exploration, appraisal, and development of its existing portfolio of oil, gas and coal interests in the Philippines, as well as with the acquisition of additional interests in the country. The company is in a strong financial position, which should be further improved as first revenues from coal production and from the Libertad Gas Field begin as expected in the first half of 2006.



In addition to the start of production from Libertad and its coal operating contracts, Forum expects to be in a position to report to its shareholders on other significant developments in the coming months. These include the results of interpretation of the 3D seismic acquisition over the Sampaguita Gas Field and of the 2D seismic covering the Tañon Straits prospects off Cebu; the results of the workover and testing of the F2X well in the Maya region on Cebu; the possible acquisition of the petroleum interests of Basic, and other promising opportunities that are currently being evaluated and pursued.



We believe the future looks extremely positive for Forum and its shareholders.



Alan B. Henderson

Chairman



David R. Robinson

President and Chief Executive Officer


feine Resultate

Da wird 2006 noch viel Freude aufkommen

[hainholz]

We believe the future looks extremely positive for Forum and its shareholders.



Alan B. Henderson

Chairman



David R. Robinson

President and Chief Executive Officer

[hainholz]

http://www.forumenergyplc.com/downloads/Forum251105v3.pdf

[hainholz]

Die spinnen die Amis 0,043

[hainholz]

Es geht rasant weiter

NEWS NEWS NEWS

November 30 2005
Gas field declared commercial in key step to early production revenues


Forum Energy plc, the AIM-quoted UK energy group with gas, oil and coal assets in the Philippines, together with the Department of Energy, has declared commercial the Libertad gas field on the island of Cebu. This represents the first Declaration of Commerciality within the Philippines since Shell’s Malampaya offshore gas field development, which came onstream in 2001.

The Libertad field is located 100km north of Cebu City on the island of Cebu. Forum is in discussions to utilise the gas for local electricity generation in line with a Philippine government directive to increase the use of natural gas. The project is expected to generate up to 2 MW of electricity commencing next year following a $2.5 million development programme.

The Libertad gas field lies within Service Contract 40 (SC40) where Forum holds a 66.7% interest. SC40 also contains the onshore Maya oil and gas find, as well as prospects on Jibitnil Island and offshore in the Tañon Strait which, like Libertad, lie near existing infrastructure networks, enhancing the potential for their commercial development.

Forum Chief Executive David Robinson said: "Our success with Libertad underscores the potential of the broad base of energy assets we hold in the Philippines, where the government has implemented policies aimed at encouraging energy self-sufficiency."

In line with its policy to quickly exploit its undeveloped reserves, Forum recently completed a 250 sq km 3D seismic survey over the Sampaguita structure in its GSEC101 licence offshore Palawan. The structure has previously tested gas and is estimated by PGS to contain up to 2.3 trillion cubic feet of potential natural gas reserves.

Forum arrived on London’s AIM market in August this year following two fund-raisings totalling £14.4 million.

For further information, contact:
David Robinson, Chief Executive, Forum Energy plc: [phone]
Adam Westcott, Noble & Company Ltd: [phone]
Ian Foster, First City Financial Public Relations

[hainholz]

Market cap is £34m.

Full marks to them for their folder, not only did they have enough of them (unlike many of the other companies which ran out before those of us got there that were foolishly trying to get into town by train) but they included the presentation, a broker note and the latest accounts - nice one. Plus a separate sheet with the morning`s RNS about the DoC for Libertad. If you`re paying £3k to present at the conference, you might as well do a proper job, and Forum came across as much the most professional in that respect.

No keyrings though :-))

Website is www.forumenergyplc.com

Unfortunately the boss had the lurgy, which meant that the FD had to do the presentation at short notice, which is never easy, and he didn`t sell it as well as he could have done.

The excitement is a combination of near-term cashflow and big gas. Most of their stuff is on one of the central Filipino islands, Cebu. Coal will generate ~$2m/year initially starting this month, and the recently approved Libertad gas to electricity project will supply 2MW to the likes of Intel from H1 2006. They have some more gas discoveries to the north (Maya etc) which were drilled by previous owners but the money ran out. Forum plan to work them over, with a view to more GTE next year.

They`re also processing some old and new seismic offshore northern Cebu, with prospects of 85mmbbl (Jibitnil Island) and 265mmbbl (Tanon) potential among the prospects.

The big excitement is Block GSEC101 (ex Sterling), which is the one that borders the disputed territory of the Spratleys, off the western Filipino island of Palawan. Only `some` of the block may be in the area that`s actively disputed, but it`s pretty obvious that if the Chinese navy decided to start throwing Silkworms and Su-30`s around the area, you wouldn`t want to be on an `enemy` oil rig anywhere in the vicinity.

Shell operate the 3.4tcf Malmpaya field about 75 miles away, which has a pipeline to Manila. Forum`s Sampaguita discovery has been estimated by PGS at 2.3tcf potential, with several more tcf elsewere in the block. Currently processing $5m-worth of 3D seismic, looking to drill within 12 months. Development options include GTL (<sub-tcf), extension of the Malampaya pipeline(1-3tcf) or LNG (>3tcf)



They`re also close to agreeing a deal to acquire Basic Petroleum, who have a bunch of prospects (but only 40bpd production) offshore Palawan.

In some ways they`re a bit of a ragbag of interests, and there is obviously an overexposure to the continuing stability of the Philippines.


On the other hand they are focussed :-) and you are looking at a $60m company with a 400mmboe gas field in Sampaguita (with as much again elsewhere in the block??), another 350mmbbl potential off Cebu, and the bits and pieces of current production from the coal and GTE. According the website :

Potential unrisked reserves estimates for the seven prospects and three discoveries within the licences total some 900 mmbbls in the oil case or 5,500 BCF in the gas case. On a risked basis, estimated potential reserves from the three discoveries sum to 2,330 BCF of gas and estimated risked reserves from prospects within the licences sum to 93 mmbbls or 320 BCF in a gas case.

The presentation might not have been as exciting as it could have been, but I`d suggest that $60m market cap doesn`t really reflect the potential.

Be interesting to hear what others think.

[hainholz]

[borazon]

Tax loss selling am OTC scheinbar beendet.
Die Stücke neulich unter 0.03 USD hätte ich gern abgegriffen, hab es aber leider zu spät bemerkt.
Da hatte wohl einer unlimitiert etwas über 100k verkauft.

[hainholz]

[posting]19.463.266 von borazon am 30.12.05 19:35:39[/posting]Grüß Dich

Kannst du mir mal erklären,warum die von allen übersehen wird.

Gruß Hain

[hainholz]

sind wir überzeugt, daß 2006 liefern erheblichen Wert an unsere Aktionäre."

so soll es sein

[hainholz]

gewaltig

jetzt auch noch in GOLD

NEWS von Stockwatch.com -
FECR mit goldigen Ambitionen !!!




FEC RESOURCES ORD
Symbol FECOF

Acquisition of Significant Interest in Gold Mining Project in the Philippines

2006-01-05 17:20 ET - News Release

CALGARY, Alberta, Jan. 5 /PRNewswire-FirstCall/ -- The following was released on behalf of the Board of FEC Resources Inc, by Larry W. Youell, President and CEO: FEC RESOURCES INC. (OTC Bulletin Board: FECOF, Frankfurt/Munich: FE8) (" FECR" or " the company" ) is pleased to report the company has concluded an agreement to acquire a 40% interest in a mining project in the Philippines in partnership with Philex Gold, Inc. (TSX Venture: PGI) (" PGI" ).

The project concerned is the Mining and Production Sharing Agreement (" MPSA" ) between PGI and the Government of the Philippines, which is identified as MPSA #148-99-XIII (" MPSA148" ), comprising 2306 Hectares in the province of Surigao, Mindanao. The Company has been evaluating the project for some time in pursuance of the company`s stated objective of seeking world class mining projects on commercially attractive terms.

As part of the evaluation of this opportunity the company commissioned an independent geological and technical report from a firm of technical experts who are registered as Qualified Persons for reporting to the major Stock Exchanges in the United States, Canada and the United Kingdom.

The evaluation obtained by the company is for the Lascogon Gold Prospect which is contained within the 2306 Hectare acreage of MPSA148. The area is mainly comprised of limestones intercalated with mudstones, siltstones and shales and follows the main attitude of the Philippine Fault oriented northwest to southeast. Along this direction, numerous test pits have been dug through the sediments and samples of the sediments and the surface jasperoid boulders have been obtained. Assays reveal gold grades ranging from 1.0g/t to 64.0g/t, whilst assays on the mineralized sediments reveal grades consistent with Carlin-type deposits.

The company has acquired the interest in MPSA148 by way of assignment from Indexa Corp. to FECR of an Agreement between Indexa and PGI. Indexa is a Philippine corporation who had entered into a sole Agreement with PGI for the rights to a joint exploration program. Indexa has assigned its rights and obligations in their entirety to the company, pursuant to which a new Philippine Joint Venture Company is to be formed of which the company will initially own 40% and Philex Gold Inc. will own 60% equity interests respectively.

The commitments of the company in this regard are to provide an initial US$250,000 signature bonus to PGI and then for the company to contribute to the Joint Venture Company a total of US$1,000,000 from January 1st 2006 through to October 31st 2006 being estimated as sufficient funding to complete the planned exploration and prospect delineation work program on the 100 Hectare Lascogon Gold Prospect which is contained within the 2306 Hectare acreage of MPSA148.

Upon completion of the planned exploration program, the company has the option to increase its equity interest in the Joint Venture Company to 60% by arranging or contributing by way of repayable loan up to US$10,000,000 as the initial contribution to mine development and production by the Joint Venture Company.

To secure the rights to the project as described above the company has the sole right to appoint a qualified independent international firm of experts to evaluate the benefit of the assignment of the agreement between Indexa and PGI, such evaluation to be based on an arm`s length present value open market basis and which must be completed by March 31, 2006. Any consideration due to Indexa Corp. from FECR pursuant to the foregoing shall be settled by FECR within 30 days of receipt of said report being in the form of newly issued fully paid shares of FECR, cash or a combination of both.

Statement from Larry W. Youell, President & Chief Executive Officer

" In line with our objective of pursuing relatively low risk mining opportunities in the Philippines we are delighted to have been able to secure this substantial mining interest on commercially competitive terms in the face of intense competition from numerous other interested parties."

" The Lascogon Prospect is situated within a known, and established gold bearing and producing province, in an area with an existing infrastructure and locally available ore processing facilities. We are pleased to be working on this project with Philex Mining Corporation; a long established and publicly quoted leading mining company in the Philippines. Furthermore the technical and production expertise of Philex Mining Corporation will be made available to our joint venture company thus providing proven technical resources."

" We very much look forward to working on this new project, and further information will be released as soon as it is available."

This release contains " forward looking statements" as per Section 21E of the US Securities and Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Management is currently reviewing many options and there is no assurance that they will not make decisions other than those now contemplated. The Company is subject to political risks and operational risks identified in documents filed with the Securities and Exchange Commission, including changing and depressed oil prices, unsuccessful drilling results, change of government and political unrest in its main area of operations.

For more information please contact Larry Youell at 1-403-290-1676, e-mail [e-mail], or visit the FEC Resources website at www.FECResources.com.

SOURCE FEC Resources


ÖL KOHLE GOLD

was will man mehr

[sufukli]

[posting]19.574.739 von hainholz am 06.01.06 19:39:28[/posting]ich will folgendes; FECR sollte
endlich mal in die Gänge kommen und ein Projekt
profitabel machen. Ich beobachte, daß FECR sich
eine Imbißbude nach der nächsten kauft, aber keine
Würste an den Mann bringt.

Ich werde max. noch 2006 abwarten.
Wenn sich dann nichts tut - weg damit.!

Und noch was. FECR gehört mit zu den Firmen, die
gern das Geld der Anleger nimmt, aber kaum dazu
in der Lage ist zu kommunizieren, was damit gemacht
wird.

[hainholz]

2006 wird FEC Jahr

nach dem AIM Listing ordentlich Kapital vorhanden.

und noch was

Kohle werden schon Einnahmen generiert
Öl geht in diesem Frühjahr los

[borazon]

Nur sollte man nicht FEC Resources und Forum Energy durcheinanderwerfen.
Forum hat Cash durch den Börsengang.
FECR nur, wenn man Forum-Anteile verkauft.
Aus dem Eisenerzprojekt dürfte für FECR nicht so viel Cash kommen, daß die Goldambitionen finanziert werden können.
Gibt FECR noch mehr Aktien aus, wird der indirekte Anteil an Forum für die FECR-Aktionäre überdurchschnittlich verwässert, da FECR z.Z. mit einem deutlichen Abschlag auf den Wert der Forum-Beteiligung notiert. Nur über 0,15 USD scheint mir die Ausgabe neuer FECR-Aktien gerechtfertigt.
Falls FECR jetzt (bei 0,06 USD herum) einen Haufen neuer Anteile ausgibt, wäre der deutliche Holding-Abschlag wohl endgültig gerechtfertigt.

[hainholz]

Das erste Umlaufkapital wurde hauptsächlich für den Erwerb der 2D seismischen Daten über zwei attraktiven Aussichten in der Cebuinsel des Strait Tanon vom Land entfernten und Erwerb der seismischen Daten 3D über dem großen Gasfeld Sampaguita im vom Land entfernten Reedbankbereich aufgebracht. Die Firma erwartet, Einkommen frühem 2006 zu erzeugen.

Forumenergieplc wurde im April 2005 enthalten, um die philippinischen Werte zu kombinieren, die früher durch FECBETRIEBSMITTEL Inc. von Kanada gehalten wurden und Sterlingenergieplc. FEC Zielen-veranschlug und Sterling haben Sie z.Z. Interessen am Forum von 57% und von 23% beziehungsweise.

Die Firma hat seine Headquarters in London und seine Betriebe werden von Manila laufen gelassen.

Sowie der Lizenzbereich der Reedbank GSEC 101 vom Land entfernte, umfassen Werte des Forums die Lizenz Sc 40 (Cebu) mit bekannten onshore und vom Land entfernten Gas- und Ölentdeckungen und zwei funktionierende Verträge der Kohle auf Cebuinsel mit den erwiesenen und wahrscheinlichen Reserven von 4,9 Million Tonnen. Gasproduktion von SC40 wird erwartet, um im ersten Viertel folgendes Jahr und in der Kohleproduktion anzufangen durch die Mitte von 2006.

[borazon]

Zu #4 Eisenerzpreise:
meines Wissens müßte der Spotpreis in Asien um die 50-60$ herum betragen, für ca. 50-55%ges Eisenerz. Das von FEC sollte also etwas mehr bringen. Eisenerz wird aber üblicherweise nicht am Spotmarkt, sondern über längerfristige Abnahmeverträge verkauft, wo sich die Preise nicht unbedingt am Peak-Eisenerzpreis orientieren. Deswegen würde ich den 7000-Tonnen/Monat-Anteil von FEC auf 300k bis 400k USD pro Monat Umsatz schätzen, den Cashflow daraus kann ich allerdings schwer einschätzen, 50-150k/Monat vielleicht?

[borazon]

Es tut sich was.
Zuletzt 0.079 USD.

[hainholz]

Ein Zeichen wird gesetzt

vor allem der Umsatz heut in USA ist enorm gegenüber sonst

[borazon]

Ja, vor allem die letzten ein, zwei Wochen waren seltsam.
Immer wieder umsätze von hundert bis ein paar hundert Stück, entsprechend 5-30 Dollar Umsätze.
Wer macht sowas?

Momentan juckt es mich schon ein wenig, einen Teil meiner Position herzugeben.
Fast 100% Plus in 4 Wochen und die Bewertung nähert sich der Forum-Beteiligung an.
Andererseits kann ich schwer einschätzen, was das Goldprojekt für den Kurs zusätzlich bringen könnte.

[hainholz]

Quick Quote: 0.09 (+ 0.024) FECOF

da liegt was mächtiges an

[hainholz]

ohne MEWS

irgendwo ne Empfehlung????

[hainholz]

Volume
01/19/06 0.065 0.090 0.050 0.080 421,312
01/18/06 0.063 0.065 0.063 0.065 26,509
01/17/06 0.060 0.060 0.060 0.060 77,000
01/13/06 0.053 0.053 0.053 0.053 100
01/12/06 0.053 0.053 0.053 0.053 1,050
01/11/06 0.053 0.065 0.053 0.060 30,000
01/10/06 0.060 0.060 0.053 0.053 7,735
01/09/06 0.060 0.060 0.060 0.060 853
01/06/06 0.060 0.060 0.060 0.060 42,500
01/05/06 0.056 0.056 0.053 0.053 5,600
01/04/06 0.056 0.056 0.053

mehr als ungewöhnlich

[Mosi07]

[posting]19.791.632 von hainholz am 19.01.06 21:25:41[/posting]werden diese Stücke in FFM überhaupt gehandelt?
Überall wird Volumen 0 (im letzten Monat) angezeigt!

[borazon]

Wir meinen FEC Resources (A0ERXT), eine der Muttergesellschaften von Forum Energy. FEC Resources hieß früher auch Forum Energy, hat gemeinsam mit einer anderen Gesellschaft Assets in die Forum Energy (neu), die in London am AIM gelistet ist, eingebracht und sich in FEC Resources umbenannt.

[hainholz]

Forum Energy Boosts Reserves, Adds Production Offshore the Philippines
http://www.rigzone.com/news/article.asp?a_id=29505

Forum Energy has agreed to acquire Basic Petroleum and Mining Inc (BPMI), whose interests include several producing fields in the North West Palawan Basin.

The acquisition, which is subject to shareholder approval of BPMI`s parent company, Basic Consolidated Inc. (BCI), and Philippine government approval, will provide Forum with initial net production of approximately 40 barrels of oil per day (bopd), and varying interests in nine oil fields offering significant additional production and reserve potential.

Forum Chief Executive David Robinson said: " This acquisition creates an exceptional opportunity for us as we seek to grow our company and create maximum value for our shareholders. It will complement our already strong asset base in the Philippines, giving us immediate oil production with tremendous potential to increase it through improved production technology."

Under the terms of the agreement, Forum will pay US$5 million over the next 12 months in a combination of cash and shares (subject to hold periods) to acquire 100% of BPMI. Further cash payments of up to $2 million will become available if the acquired interests produce more than 5.4 million barrels of oil. BCI may also ultimately receive up to $10 million of cost recovery amounts that come with the interests, but not until Forum has recovered 100% of its invested capital.

The BPMI assets include interests in nine offshore fields as follows: Nido (8.47%), Matinloc and Pandan (12.41%), North Matinloc (19.46%), Libro (28.6%), Tara (10%), Bonita (7.03%), West Linapacan (9.1%), Galoc (8.17%) and a 27.7% interest in SC41 situated within the Sulu Sea and covering some 4,820 square km. SC41 is thought to have significant exploration potential.

Forum`s existing assets, focused entirely in the Philippines, include the highly promising Sampaguita gas discovery within the GSEC101 (Reed Bank) offshore license area, and the SC40 (Cebu) license with known onshore and offshore gas and oil discoveries, where the Libertad gas field was recently declared commercial. The company also holds two coal operating contracts on Cebu Island with estimated proven and probable reserves of 4.9 million tons.


Die Assets werden immer werthaltiger

[hainholz]

in USA ausgesetzt!!!!!!?????????????



Quick Quote: 0 (0.00) FECOF

[hainholz]

Forum deckt ein großes Spektrum ab!!

Kohle,Gas,ÖL, und Gold

nur noch eine kurze Frage der Zeit ,wann Forum von den einschlägigen Gazetten entdeckt wird.

Der CEO hat es schon angekündigt,das 2006 für die Shareholder ein gutes Jahr wird.

[hainholz]

Da geht es bald mächtig rund

22.02.2006
Forum Energy Gets Cracking On Its Near Term Production Projects In The Philippines
When writing about Forum Energy last August, some three months after it floated on London’s Alternative Investment Market (AIM) raising £14.4 million, we said it had a mix of near production oil and gas with exploration upside in the following Philippine assets: SC40 (Cebu), GSEC 101 (Reed Bank) and two coal-operating contracts.

The near production has now come nearer with the announcement that the Libertad gas field on Cebu Island, in the middle of the Philippine Islands, within SC40, where Forum holds a 66.7 per cent interest, has been declared commercial.

Forum has anticipated that Libertad holds some 1.2 billion cubic feet of gas. The company believes that two or three wells are capable of producing up to 1.2 million cubic feet of gas a day individually. This is equivalent to around 200 barrels of oil a day from each well.

Forum is in discussions to utilise the gas for local electricity generation in line with the Philippine government directive to increase the use of natural gas. The project is expected to generate up to 2MW of electricity starting in the first half of 2006 following a US$2.5 million development project.

The Declaration of Commerciality for Libertad is the first within the Philippines since Shell’s Malampaya onshore gas field development, which came onstream in 2001. With the exception of Malampaya, the Philippines has never had big finds of hydrocarbons like its neighbours Indonesia and Malaysia. But with demand for electricity and energy soaring, the heavily populated Philippines is keen to encourage companies like Forum to exploit oil and gas even if it is found in small accumulations.

At the moment the country imports some 300,000 bpd of oil and 3.8 million tonnes of coal per year. David Robinson, CEO of Forum, says: “This is a real drain on their economy. The country has set out generous terms for oil and gas concerns to establish themselves. The Department of Energy is very helpful and accommodating. This is a good place to do business.”

The company’s second source of near term production is two coal-operating contracts on Cebu Island. These projects should be producing 3,000 tonnes of coal per month in 2006 rising to 9,000 tonnes in 2007. Again there is a ready market for the coal in the form of demand from utilities and mining companies. Forum reckons in 2006 there is likely to be a mining cost of US$25 a tonne and a sales price of at least US$45 a tonne.

Forum thus can look forward to some early cash flow and can think about its development and exploration opportunities. The SC40 licence covers several thousand hectares in the northern half of Cebu Island both onshore and offshore and Forum holds two thirds of it. Within the basin approximately 130 shallow wells have been drilled, with a number of oil and gas discoveries.

Apart from the Libertad field, there is the Tanon Straits prospect. This is currently being evaluated through a seismic acquisition and re-processing programme. The Philippines Department of Energy says the Tanon Straits structure could contain up to 1 billion barrels of oil and extensive gas reserves. Independent Petroleum Engineers have estimated the potential reserves of the prospect at 264 million barrels of oil or 660 bcf on a gas case scenario.

Forum also wants in 2006 to re-enter a well on the Maya prospect on the northern tip of Cebu Island and work it over before placing it on a long term testing. A well nearby tested at 217 million standard feet of gas per day and estimates indicate that the Maya field could have reserves of 2.8 million barrels of oil or 0.75 billion cubic feet of gas.

Having said that there seemed to be no big prospects on the horizon in the Philippines, Forum has a key asset in the Reed Bank licence, which covers a large offshore area to the west of Palawan Island. In 2005 Forum completed the acquisition of 100 per cent of GESC 101 (Reed Bank) from the UK’s Sterling Energy in exchange for Sterling having a 28.6 per cent interest in Forum (pre-fund raising). Reed Bank holds a number of prospects and leads, the most exciting and immediate of which is the Sampaguita gas discovery that could contain over 2.3 trillion cubic feet of gas reserves and is on trend with the giant producing Malampaya gas and oilfield 150 kms away.

This is not hot air. Three wells were drilled into the structure in the 1970s and found gas, although they were not tested at the time.

“We think there could be up to 8 tcf just within that structure, with upwards of 20 tcf in the wider area” David Robinson said. The company is currently assessing the prospect through a 3D seismic acquisition programme.

[hainholz]

Antwort auf Beitrag Nr.: 18.676.796 von hainholz am 08.11.05 18:46:21

LATEST RNS ANNOUNCEMENT
Back to list

March 29 2006
Disclosure by Basic Consolidated, Inc


Forum Energy Plc (‘Forum’ or ‘the Company’) is pleased to announce that further to the announcement made by the Company on 15 February 2006, the shareholders of Basic Consolidated, Inc. (‘Basic’), at its AGM held on 29 March 2006, approved the acquisition by Forum of its wholly-owned subsidiary Basic Petroleum and Minerals Inc.

The terms of the agreement are set out in the announcement made by Forum on 15 February 2006.

The merger of Basic's petroleum interests with those of the Company is now subject to approval from the Government of the Philippines. The Company will make a further announcement regarding the decision in due course.

An extract of the disclosure made by Basic is appended at the end of this announcement.

For further information please contact:
David Robinson, Chief Executive, Forum Energy plc: [phone]
Derrick Lee, Noble & Company Ltd: [phone]
Ian Foster, First City Financial Public Relations: [phone] or [phone]

An extract of the disclosure made by Basic is appended at the end of this announcement.

DISCLOSURE FOR MARCH 29, 2006
During the Annual Stockholders’ Meeting for 2006 of Basic Consolidated, Inc., March 29, 2006, Manila Elks Club, Corinthian Plaza, Paseo de Roxas, Makati City (the meeting was adjourned at 4:50 P.M.), wherein 1,038,150,000 (69.21%) outstanding shares of the Corporation were represented either in person or by proxy, the following resolutions/items were APPROVED:


Minutes of the 2005 Stockholders’ Meeting.
2005 Annual Report and Audited Financial Statement.
Ratification of all acts of the Board and Management of Basic for 2005.
Approval of the Acquisition of Basic Petroleum and Minerals, Inc., a 100% subsidiary of Basic Consolidated, Inc., by Forum Energy Plc., a UK registered corporation. The details were contained in our previous disclosure to SEC/PSE dated February 15, after the Board of Directors approved the acquisition.
Amendment on Article VII of the Articles of Incorporation of BCI reducing the authorized capital stock from TWO BILLION PESOS (P2,000,000,000.00) to FIVE HUNDRED MILLION PESOS (P500,000,000.00), and reducing the par value of its shares of stock from P1.00 per share to P0.25 per share.
Authorizing the Board of Directors to amend the By-Laws of BCI to conform with SEC regulations, etc.
Amendment on the Articles of Incorporation and By-Laws by changing the name Basic Consolidated, inc. to BASIC PETROLEUM CORPORATION.
Election of the following Directors:
- Oscar C. de Venecia
- Sergio M. Locsin
- Ramon L. Mapa
- Francis Chua
- Isidoro O. Tan
- Prudencio C. Somera, Jr. (Independent Director)
- Rufino Antonio Mijares (Independent Director)
- Roberto S. Malonzo
- Sergio M. Andal, Jr.
- Jose P. de Venecia III
- Rogelio T. Serafica
Election of SGV as external auditors with Mr. Aldrin M. Cerrado as the engagement partner.

[hainholz]

Antwort auf Beitrag Nr.: 18.676.796 von hainholz am 08.11.05 18:46:21

Key acquisition gives Forum first production


Forum Energy plc, the AIM-quoted energy group with gas, oil and coal assets in the Philippines, has acquired interests in nine offshore oil fields and additional exploration prospects.

It has acquired the new assets through the takeover of Basic Petroleum and Mining Inc (BPMI, formerly held by Philippines-based Basic Consolidated Inc.

Forum Chief Executive David Robinson said: “This acquisition represents an exceptional opportunity for us to increase shareholder value. We are starting with around 40 barrels of output a day, but with considerable potential to boost production.”

The newly-acquired assets cover nine offshore fields west of the Philippines, comprising: Nido (8.47%), Matinloc and Pandan (12.41%), North Matinloc (19.46%), Libro (28.6%), Tara (10%), Bonita (7.03%), West Linapacan (9.1%), Galoc (2.28%) and a 27.7% interest in SC41 situated within the Sulu Sea and covering some 4,820 square km, an area with proven hydrocarbon potential. Project work will be managed by Forum’s team in Manila.

The Nido and Matinloc fields have been producing since the early 1980s in 40 metres of water, achieving peak production of 50,000 barrels per day (b/d) together and currently producing about 1,000 b/d. Remaining proved and probable reserves in the two fields, and nearby Galoc (currently under development), have been independently estimated at more than 8.6 million barrels, with considerable upside potential both in these fields and the others where interests have now been acquired.

Forum will pay US$5 million over the next 12 months in a combination of cash and shares to acquire 100% of BPMI. Further cash payments of up to $2 million will become available if the acquired interests produce more than 5.4 million barrels of oil. BCI may also progressively receive cost recovery of up to $10 million, but not until Forum has recovered 100% of its invested capital.

Forum’s existing assets, all in the Philippines, include the highly promising Sampaguita gas discovery within the GSEC101 (Reed Bank) offshore licence area, and the SC40 (Cebu) licence with known onshore and offshore gas and oil discoveries, where the Libertad gas field was recently declared commercial. Forum also holds two coal operating contracts on Cebu Island with estimated proven and probable reserves of 4.9 million tonnes.

For further information, contact:
David Robinson, Chief Executive, Forum Energy plc: [phone]
Adam Westcott, Noble & Company Ltd: [phone]
Ian Foster, First City Financial Public Relations: [phone] or [phone]

Full Stock Exchange announcement follows:
Completion of Acquisition and Issue of Equity

Forum Energy Plc (‘Forum’ or ‘the Company’), the AIM quoted oil, gas and coal company with assets in the Philippines, is pleased to announce that all the conditions relating to its acquisition of Basic Petroleum and Minerals Inc (‘BPMI’), the wholly-owned subsidiary of Basic Consolidated, Inc. (‘BCI’), have been met.

On 30 March 2006 the Department of Energy of the Government of the Philippines approved the assignment of the participating interests of BCI to its subsidiary BPMI, this being the final condition relating to Forum’s acquisition of BPMI. As announced on 29 March 2006, the shareholders of BCI have previously approved the acquisition by Forum of BPMI.

The acquisition of the entire issued share capital of BPMI, in exchange for a mixture of cash and ordinary shares in Forum, can now be completed.

This acquisition will provide Forum with initial net production of approximately 40 barrels of oil per day, and varying interests in nine oil fields offering additional production and reserve potential.

The terms of the agreement are set out in the announcement made by Forum on 15 February 2006 and can be summarised as follows:


Forum will pay US$5 million to BCI over the next 12 months, made up of US$2.2 million in cash payments and the issue of 1,333,759 new ordinary shares of 10p in Forum (equating to US$2.8 million);
Further cash payments to BCI of up to US$2 million will be made if the acquired interests produce more than 5.4 million barrels of oil; and
BCI, the current owner of BPMI, may also ultimately receive up to US$10 million of cost recovery amounts that are associated with the interests, but not until after Forum has recovered 100% of its invested capital.

As part of the consideration for the acquisition, the Company is required to issue a total of 1,333,759 new ordinary shares of 10p in the Company to BCI. These shares are subject to lock-in arrangements as follows:


1,047,953 new ordinary shares of Forum issued to BCI will be subject to a 12 month holding period from 3 April 2006;
285,806 new ordinary shares of Forum issued to BCI will be subject to an 18 month holding period from 3 April 2006, subject to the conditions of certain service contracts.

The new ordinary shares were allotted on 3 April 2006 and application has been made for the admission of the new ordinary shares to trading on AIM. Dealings are expected to commence in the new ordinary shares on 10 April 2006.

Following the admission of the new ordinary shares to AIM on 10 April 2006, BCI will be interested in a total of 1,333,759 ordinary shares of 10p each in the Company, representing 4.67% of the issued share capital of the Company.

Back to list

[hainholz]

so langsam kommen wieder news, könnte bald losgehen, da sind schnelle 100 % drinnen.

Press Release Source: FEC Resources Inc.


Work Commences to Confirm Gold Discovery
Thursday June 22, 8:20 pm ET


CALGARY, Alberta, June 22 /PRNewswire-FirstCall/ -- FEC RESOURCES INC. (OTC Bulletin Board: FECOF; Frankfurt/Munich: FE8) ("FECR" or "the company" announces significant progress on the Geologic investigation of MPSA148 in which the Company has the exclusive right to earn a 40% interest through a Joint Venture (Lascogon Mining Corporation) with Philex Gold, Inc. (TSX Venture: PGI - News; PGI).
Surface investigation and limited diamond drilling that started in mid 2005 have identified gold-bearing jasperoid horizons in two (2) prospects, Lascogon and Danao.

Starting next month, some 3,000 meters of reverse circulation (RC) drilling over a 30 hectare area will cover four (4) prospects. The objective of this work program is to confirm the presence of the 500,000 ounces of gold so far identified within the gold bearing jasperoid horizons in Lascogon and Danao and to prove up further potential reserves within the other two (2) prospects.

The agreement calls for FEC to contribute US$100k/mo to a total of US$1mm to earn the 40% interest, and to date FEC has contributed the required US$700k called for during the exploration program.


STATEMENT FROM LARRY W. YOUELL, PRESIDENT & CHIEF EXECUTIVE OFFICER
"I am extremely encouraged by these preliminary results as only 16 holes have been drilled to date and we still have a full work program of over 100 holes to be drilled. In addition with the current price of gold at over US$550 an ounce we believe this project will deliver significant value to our shareholders and we therefore look forward to releasing further operational updates in the near future."

The company has the option to increase its equity interest in the Joint Venture to 60% by arranging or contributing by way of a repayable loan up to US$10,000,000 as the initial contribution to mine development and production. A payment of 30,000,000 shares in the Company also becomes due at such time of declaration of commerciality.

FEC Resources Inc. holds a diverse portfolio of Oil, Gas, Coal, Gold and Iron Ore assets located in the Philippines through its shareholdings in Forum Energy Plc, Lascogon Mining Corporation and Metalore Mining Corporation. For further information email [e-mail].


On behalf of the Board of,
FEC Resources, Inc.
"Larry W. Youell"
Larry W. Youell
President and CEO

[hainholz]

schon 50 % im Plus drüben

[hainholz]

Antwort auf Beitrag Nr.: 22.250.474 von hainholz am 23.06.06 17:55:17

das Geschäftsfeld reicht von Öl,Kohle und Gold bis Eisenerz

Eine vergessene Perle!!

[hainholz]

neuer Report

http://www.forumenergyplc.com/downloads/Annual-Report-and-A…

[hainholz]

Antwort auf Beitrag Nr.: 22.266.766 von hainholz am 25.06.06 19:30:52

da sind ruckzuck 100% drin

[hainholz]

Antwort auf Beitrag Nr.: 22.268.018 von hainholz am 25.06.06 22:05:27

in USA kommt Bewegung rein

[hainholz]

Antwort auf Beitrag Nr.: 22.283.773 von hainholz am 26.06.06 17:51:08

Bei Stockhousebullboards unter den Top

US Top 5
CMKX

UNCN

WSCE

CWPC

BWR

BPG

XKEM

FECOF PWAC

MMTIF

[hainholz]

Antwort auf Beitrag Nr.: 18.676.796 von hainholz am 08.11.05 18:46:21

Die Oilassets

[hainholz]

Antwort auf Beitrag Nr.: 22.288.655 von hainholz am 26.06.06 23:07:47

-Die Kohleliegenschaften

[hainholz]

jetzt brauchen wir nur noch die endgültige bestätigung von den
500.000 unzen gold, dann schießt der kurs nach oben

[schneebe]

Antwort auf Beitrag Nr.: 22.301.965 von hainholz am 27.06.06 18:12:04

habe Larry Youell um 18:27 geschrieben
wann wir mit der bestätigung der 500.000 unzen rechnen können

dies war sein antwort

Oliver
We hope to be issuing news releases on a regular basis as we continue our exploration of the Lascogan property. With any luck we will have much more than the 500,000 ozs.
Regards
Larry Youell
----- Original Message ----- From: "Oliver Schneeberger"

To: "Larry Youell" <[e-mail]>
Sent: Tuesday, June 27, 2006 9:27 AM
Subject: Re: E-mail to FEC Resources


With any luck we will have much more than the 500,000 ozsaufmerksamaufmerksamaufmerksamaufmerksam

[schneebe]

Antwort auf Beitrag Nr.: 22.302.633 von schneebe am 27.06.06 18:59:16

With any luck we will have much more than the 500,000 oz

[hainholz]

FEC RESOURCES INC. (OTCBB: FECOF) - Tuesday's shares stayed even at $0.0600. The volume was at 124,411. FEC RESOURCES INC. announces significant progress on the Geologic investigation of MPSA148 in which the Company has the exclusive right to earn a 40% interest through a Joint Venture (Lascogon Mining Corporation) with Philex Gold, Inc. (TSX Venture: PGI - News; PGI). Surface investigation and limited diamond drilling that started in mid 2005 have identified gold-bearing jasperoid horizons in two (2) prospects, Lascogon and Danao.

FEC Resources Inc. holds a diverse portfolio of Oil, Gas, Coal, Gold and Iron Ore assets located in the Philippines through its shareholdings in Forum Energy Plc, Lascogon Mining Corporation and Metalore Mining Corporation. For further information email [e-mail].

For a quote and the latest news on this company, please visit: http://www.stockguru.com/profiles/FECOF.php

[hainholz]

Antwort auf Beitrag Nr.: 18.676.796 von hainholz am 08.11.05 18:46:21

nun geht es los

July 20 2006
Coal production commences as part of accelerated development program


Forum Energy plc, the AIM-quoted energy group operating in the Philippines, is pleased to announce the start of production from its Naga coal mine operations in Central Cebu.

First sales are targeted for August and a further four shafts at Naga are planned to raise production to circa 300,000 tonnes a year by the end of 2008.

Newly-appointed Forum Chief Executive Russell Harvey commented:

“The commencement of coal production represents a major step forward in providing early cash flow. The coal development has been accelerated to take advantage of the infrastructure which has already been put in place. This will maximise value to shareholders and at today’s prices the predicted revenues from Naga based upon conservative production figures, will yield approximately US$12m per year by the end of 2008. A similar development programme at Dalaguete, our Southern Cebu coal contract, is planned for 2007. This is also anticipated to generate comparable revenues at peak production”

“We see this initial development of our reserves as the start of a continuing revenue generating operation. With this in mind Forum has already applied for two additional coal production licences in the Naga area”

For further information, contact:
Russell Harvey, Chief Executive, Forum Energy plc: [phone]
Mark Froggatt, Noble & Company Ltd: [phone]
Ian Foster, First City Financial Public Relations: [phone] or [phone]

[hainholz]

Antwort auf Beitrag Nr.: 22.811.945 von hainholz am 20.07.06 18:31:23

da kommt gut Money ins Haus

[hainholz]

Antwort auf Beitrag Nr.: 18.676.796 von hainholz am 08.11.05 18:46:21

jetzt ist die NEWS in USA raus

und schon kommt Bewegung rein

FEC RESOURCES INC Quick Quote: FECOF 0.05 (+0.01)




Coal Production Commences as Part of Accelerated Development Program
7/20/2006

CALGARY, Alberta, July 20, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
FEC RESOURCES INC. (OTC Bulletin Board: FECOF, Frankfurt/Munich: FE8) ("FEC") reports that Forum Energy Plc ("Forum"), the UK energy group with gas, oil and coal assets in the Philippines, of which FEC Resources holds a 35% equity interest, has announced that its coal production program has now commenced and an aggressive acceleration program has been initiated by the groups new Chief Executive. In a release to the London Stock Exchange this morning, the UK energy group released news that its Naga coal mine operations in Central Cebu have entered into commercial production.

First sales are targeted for August and a further four shafts at Naga are planned to raise production to circa 300,000 tonnes a year by the end of 2008. Current regional prices are in excess of US$40 per tonne.

Newly-appointed Forum Chief Executive Russell Harvey commented:

"The commencement of coal production represents a major step forward in providing early cash flow. The coal development has been accelerated to take advantage of the infrastructure which has already been put in place. This will maximise value to shareholders and at today's prices the predicted revenues from Naga based upon conservative production figures, will yield approximately US$12million per year by the end of 2008. A similar development programme at Dalaguete, our Southern Cebu coal contract, is planned for 2007. This is also anticipated to generate comparable revenues at peak production."

"We see this initial development of our reserves as the start of a continuing revenue generating operation. With this in mind Forum has already applied for two additional coal production licences in the Naga area."

President & CEO Larry W. Youell

"Though our substantial shareholding in Forum Energy Plc we are delighted that following their recent management changes, our gas, oil and coal interests are being developed at an accelerated rate.

Today's news regarding the progress Forum has made with the coal development program is particularly pleasing, as the group has now entered into revenue generating operations, this will in turn deliver value to the shareholders of FEC Resources.

Furthermore in the near future we expect to issue positive news on both our Gold and Iron Ore assets."

On behalf of the Board of, FEC Resources, Inc. "Larry W. Youell" Larry W. Youell President and CEO

This release contains "forward looking statements" as per Section 21E of the US Securities and Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Management is currently reviewing many options and there is no assurance that they will not make decisions other than those now contemplated. The Company is subject to political risks and operational risks identified in documents filed with the Securities and Exchange Commission, including changing and depressed oil prices, unsuccessful drilling results, change of government and political unrest in its main area of operations For more information please contact Larry Youell at [phone] e-mail [e-mail] or visit the FEC Resources website at www.FECResources.com

SOURCE FEC Resources, Inc.

Larry Youell, [phone], or [e-mail] http://www.prnewswire.com

Copyright (C) 2006 PR Newswire. All rights reserved.

© 2006 Stockgroup

[hainholz]

This will maximise value to shareholders

das liest man gern