FEC Resources Inc. (OTC: FECOF)

FEC Resources, Inc. is a holding company incorporated in British Columbia, Canada, that invests in natural resource enterprises, primarily holding a 6.80 percent equity interest in Forum Energy Limited and minority stakes in Metalore Mining Corporation and Lascogon Mining Corporation. The firm maintains its head office in Vancouver, British Columbia, and does not operate any subsidiaries.

The company presently does not own any significant revenue generating assets and therefore funds its operations through the issuance of new shares or debt rather than through sales of products or services. Consequently, it reports no operating revenue from its own activities.

Within the natural resource investment space, FEC Resources, Inc. holds a non controlling interest in Forum Energy Limited, which possesses working interests in several Philippine service contracts, including the prospective gas rich SC 72 block and the producing Galoc oil field. The firm’s position is that of a passive investor alongside larger stakeholders such as PXP, which holds a controlling stake in Forum Energy Limited, and it does not compete directly as an operator.

As FEC Resources, Inc. does not generate revenue from its own operations, it does not serve a conventional customer base; its financial exposure is limited to the performance of its equity investments in resource companies.