CALGARY, Alberta, July 30 /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)
("FEC") wishes to advise that, further to the announcement today by Philex
Petroleum Corporation ("PPC") regarding the issue of its offer document
relating to its mandatory offer for Forum Energy plc (FEP) shares, the FEP
shares which are owned by FEC are not subject to PPC's mandatory offer as
FEC is considered to be an associate of PPC.
Further updates will follow as they become available.
FEC Resources Inc. holds a diverse portfolio of oil, gas, coal, and
gold assets located in the Philippines through its shareholdings in Forum
Energy Plc and Lascogon 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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