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Weltklassegasfeld ..... es geht loooooooos FEC RESOURCES - 500 Beiträge pro Seite

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Antwort auf Beitrag Nr.: 34.783.413 von hainholz am 20.08.08 20:45:14na dann werfe ich doch mal ein auge drauf ;)

lg speku
Antwort auf Beitrag Nr.: 34.783.413 von hainholz am 20.08.08 20:45:14hast du das ding selber heme geschrieben.:D
naja,langsam kommt Bewegung rein !!

das ist das Gasfeld!!

The Reed Bank concession, GSEC 101 (Reed Bank), is located in the South China Sea west of Palawan Island. The licence is located to the southwest of the Shell-operated Malampaya Gas Field.

GSEC 101 (Reed Bank) was awarded to Sterling in June 2002 and covered an initial two-year term. Exploration in the area began in 1970 and in 1976 gas was discovered following the drilling of a well. In total, four wells have been drilled to date, all located at the south west end of the structure. Two of the wells tested gas at rates of 3.6 mmcf/d and 3.2 mmcf/d.

More recently, in 2003 Sterling reprocessed 250 km of 2D seismic and completed a feasibility study on the gas-to-liquid options for the gas field. The seismic work and the gas-to-liquid study fulfilled the initial work commitments on the concession and Sterling was granted a 12 month extension in June 2004. In 2005 Forum acquired new 3D seismic data over the licence area fulfilling its work commitments required under the 12 month extension.

In September 2006 results of the interpretation of the 3D seismic programme at the Sampaguita gas discovery indicated a world class gas accumulation with potential reserves of up to 20 TCF (“Trillion Cubic Feet”)

Results from the 3D seismic programme and its interpretation performed by independent consultants, Count Geophysics Limited, confirmed a minimum of 3.4 TCF proven gas in place from sands tested in the 3 wells drilled to-date and the extension of the structure to a possible closure of 290 sq. km giving an upside reserves in these sands alone of 10 TCF. Forum is currently in the process of converting the license to a Service Contract.
Sehr geehrter Wallstreet-online Nutzer,

für eine aktuelle Diskussion enthistorisieren wir diesen Thread.

die Regierung hat grünes licht gegeben

das weltklassegasfeld kann bearbeitet werden !!!!!!!:eek::eek:

Award of Service Contract!

The board of Forum Energy, the UK based gas & oil E&P company with a portfolio of projects in the Philippines, is delighted to announce that the Government of the Philippines, acting through the Philippines Department of Energy, has today awarded the Service Contract relating to the GSEC 101 licence to Forum (GSEC 101) Limited, a wholly owned subsidiary of the Company.

The GSEC101 licence in which the Company has a 70% interest, is the Company's principal asset, and is situated offshore west of Palawan Island in the South China Sea. In 2006, results from a 248 square kilometre 3D seismic survey over the licence area confirmed a minimum of 3.4 TCF proven gas in place with significant upside potential.

Full details relating to the contract work programme will be announced shortly.

Walter Brown, Chief Executive Officer, commented:

"We are very pleased to have finally secured the Service Contract over the GSEC 101 area in what is a company-changing development for Forum Energy. We intend to push forward with the appraisal of this gas field to commerciality and ultimately to the delivery of material value to our shareholders. Given the potential size of the resource and proximity to the Asian markets, we believe this project is an ideal candidate for an LNG facility."

The Company announces that Noble & Company Limited, the Company's Nominated Adviser and Broker, has changed its name to Execution Noble & Company Limited with immediate effect.

For further information please contact: Forum Energy Plc

Antwort auf Beitrag Nr.: 34.799.882 von hainholz am 21.08.08 19:45:55in USA

kommt Bewegung auf

$ 0.0235 0.0045 (+23.68%)
Market update (PM): Philippines contract sparks interest in Forum Energy
17 February 2010

Investors continued buying into Forum Energy after the Philippines Department of Energy awarded the UK based gas and oil company a substantial new service contract.

The contract means that Forum Energy has been awarded the licence to operate offshore Palawan Island in the South China Sea, with the company due to release further details shortly.

Forum Energy’s share price was trading down seven pence at 106 pence as at 1520 hrs today (Wednesday 17 January).

Walter Brown, chief executive officer of Forum Energy, said that the service contract for the GSEC 101 area is effectively a ‘company-changing’ development.

He added, ‘We intend to push forward with the appraisal of this gas field to commerciality and ultimately to the delivery of material value to our shareholders.

Given the potential size of the resource and proximity to the Asian markets, we believe this project is an ideal candidate for an liquefied natural gas facility.’

Forum Energy Plc Seismic Completed
Fec Resources (OTCBB:FECOF)
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Today : Wednesday 16 March 2011
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FEC Resources, Inc. (OTC Bulletin Board: FECOF) ("FEC" or the "Company") reports that Forum Energy Plc ("Forum") has announced the following:

"2D and 3D seismic surveys completed"

Forum Energy is pleased to announce that it has completed its seismic acquisition over SC72.

As part of the work program, 564.887 Km(2) of 3D seismic data was acquired over the Sampaguita Gas Field and 2,202.38 Line-Km of 2D seismic data was also acquired over the block in order to further define additional leads identified within the SC72 acreage.

The Company will immediately begin processing the data with the aim of further evaluating the commercial potential of the block, and to help identify the best location for possible appraisal wells to be drilled in the next sub-phase of the SC72 licence.

The survey was carried out by CGG Veritas, using the M/V Veritas Voyager.

Robin Nicholson, Executive Chairman, commented:

"We are delighted to have completed our work programme so efficiently and ahead of our anticipated schedule. We have now met our contractual commitments with the Philippine Department of Energy under Service Contract 72 and look forward to making further investments into the project."

For and on behalf of the Company:

FEC Resources, Inc.

"J.E. Villaluna"

Jose Ernesto C. Villaluna, Jr.

President & CEO

This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any natural resources that may be located, variations in the market price of any natural resource products the Company may produce or plan to produce, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the Company's inability to produce natural resources from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company's Annual Report on Form 20-F for the year ended December 31, 2009 and its most recent quarterly reports filed with the United States Securities Exchange Commission (the "SEC"), and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com and its United States public disclosure filings may be accessed via www.sec.gov, and readers are urged to review these materials.

For more information please contact (403) 290-1676 e-mail info@FECResources.com or visit the FEC Resources website at www.FECResources.com

SOURCE FEC Resources, Inc.
Forum Energy eyes partners for Reed Bank

FORUM Energy Plc. is in talks with potential partners for the development of its exploration block in the Reed Bank Basin in offshore West Palawan.

Robin Nicholson, Forum Energy executive chairman, said in a report that the company has “progressed discussions with potential strategic partners” for Service Contract (SC) 72.

The company is completing a 550 square kilometer of 3D seismic and 2,200 line kilometer of 2D seismic exploration activity over the oil and gas block that is expected to be completed within the first quarter of the year.

SC 72 was awarded to Forum Energy in February 2010 after the Department of Energy approved the conversion of the Geophysical Survey and Exploration Contract (GSEC) 101 into a full SC, allowing the company to proceed with drilling activities.

GSEC 101 was earlier included in an area in the Spratly’s Islands covered by a marine seismic study under a tripartite agreement among the Philippines, China and Vietnam, leading to delays in the area’s conversion into a full SC.

The acquisition of seismic data over the 8,800 square kilometer exploration block is part of Forum Energy’s first sub-phase work program, which is estimated to cost approximately $7.4 million.

“The completion of our first sub-phase work program over SC 72 will be a milestone for the company since the last data acquisition which was concluded over five years ago.

We expect that this data will give us significant additional information that will enable the company to better assess the various development scenarios and potential partnership options for the SC 72 block at a critical time in the development of this important asset,” Nicholson said.
Forum Energy seeks partners to develop Sampaguita project
By: Amy R. Remo
Philippine Daily Inquirer
1:28 am | Saturday, June 11th, 2011

UK–based Forum Energy Plc is seeking potential partnerships to accelerate the exploration and development of the Sampaguita gas discovery within the Reed Bank basin.
Robert Nicholson, executive chair of Forum Energy, said he expected the completion of the company’s first sub-phase work program for Service Contract 72 to give them “significant additional information.”
This data, Nicholson explained, will enable the company to “better assess the various development scenarios and potential partnership options for the SC 72 block at a critical time in the development of this important asset.”
The Sampaguita prospect alone was estimated to contain as much as 3.4 trillion cubic feet of gas. Aside from this large discovery, the SC 72 field was reported to contain at least eight other potential leads.
Given the resources covered by SC 72, Forum Energy had said that it was even enough to form the foundation of a liquefied natural gas (LNG) project, similar to the Malampaya deepwater-to-gas power project.
A number of options can be made available to Forum Energy for marketing the gas produced from Sampaguita gas field, which included establishing a new LNG export facility; building a pipeline to access capacity in Shell Exploration BV’s existing infrastructure at the Malampaya; and selling into the Philippine market.
Last March, Forum Energy reported that it has already completed the necessary seismic surveys over the Sampaguita gas field, allowing the company to identify the best drillable targets within the highly rich prospect.

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