CALGARY, Alberta, Oct. 4 /PRNewswire-FirstCall/ -- FEC RESOURCES INC.
(OTC Bulletin Board: FECOF, Frankfurt/Munich: FE8) ("FECR" or "The Company")
announces the following trading update:
Trading in shares of Forum Energy Plc, of which FECR holds a 36.7%
interest, has today closed at 1.445 pounds Sterling per share (US$2.54) on the
Alternative Investment Market (AIM) of the London Stock Exchange. FECR holds
9,996,000 shares in Forum Energy Plc giving the investment a current market
valuation of US$25,389,840 or approximately US$0.146 per share of FECR (on an
undiluted basis)
For General Enquiries email: info@FECResources.com
On behalf of the Board of,
FEC Resources, Inc.
"Larry W. Youell"
President & 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, or info@FECResources.com
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