FEC Resources Inc.

FEC Resources Inc. engages in the exploration and development of oil and gas properties in the Philippines. The company, through its 6.8% interest in Forum Energy Limited, primarily owns a 70% interest in the GSEC101 offshore license covering an area of approximately 10,360 square kilometers located to the northwest of the Philippine Island of Palawan. The company is headquartered in Vancouver, Canada. FEC Resources Inc. operates as a subsidiary of PXP Energy Corporation. FEC Resources Inc. is engaged primarily in the business of exploration and development of oil and gas and other mineral related opportunities in the Philippines through its majority-owned subsidiary. The company also involves in the exploration of gold properties. FEC Resources Inc. is a subsidiary of Philex Mining Corporation. The company is listed under the ticker symbol "FECOF" and is a subsidiary of PXP Energy Corporation (Philex).