CALGARY, Alberta, May 15 /PRNewswire-FirstCall/ -- The following was
released on behalf of the Board of FEC Resources Inc., by Larry W. Youell,
President and CEO:
On April 25, 2007 FEC RESOURCES INC. (OTC Bulletin Board: FECOF) ("FEC"
or "the company") issued a press release detailing that it expected the
filing of its audited year end financial statements to be delayed. As
stated, one of the companies in which FEC holds a significant interest
would not be in a position to release their own financial statements until
after FEC's required deadline. The company in question has now advised
their financial statements will be available even later than originally
anticipated. This will result in us not being able to file until sometime
in June.
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 info@fecresources.com.
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 (403) 290-1676,
e-mail info@FECResources.com or visit the FEC Resources website at
http://www.FECResources.com.
SOURCE FEC Resources Inc.
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Related links:
http://www.fecresources.com/
CONTACT:
Larry Youell of FEC Resources Inc.,
+1-403-290-1676, info@FECResources.com
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