CALGARY, Alberta, Feb. 6, 2013 /PRNewswire/ -- FEC
RESOURCES INC. (OTCBB: FECOF, Frankfurt/Munich: FE8) ("FEC") wishes to
advise shareholders that it has noted the following announcement
made by Forum Energy PLC. ("FEP") on January
25, 2013.
"Forum Energy, the UK incorporated oil and gas exploration
and production company with a focus on the Philippines, today confirms that the
Philippine Department of Energy has granted the Company's request
for an extension to the second sub-phase of Service Contract 72
("SC72").
The deadline for completion of the second sub-phase, comprising
the drilling of two appraisal wells, has now been extended by two
years to 14 August 2015.
Further details regarding the Company's plans for SC72 will be
made in due course, as and when appropriate."
On behalf of the Board of,
FEC Resources Inc.
Carlo Pablo
Chairman
This press release contains forward-looking statements and
forward-looking information (collectively, "forward-looking
statements") within the meaning of applicable Canadian and US
securities legislation. All statements, other than statements of
historical fact, included herein are forward-looking statements.
Although the Company believes that such statements are reasonable,
it can give no assurance that such expectations will prove to be
correct. Forward-looking statements are typically identified by
words such as: believe, expect, anticipate, intend, estimate,
postulate and similar expressions, or are those, which, by their
nature, refer to future events. The Company cautions investors that
any forward-looking statements by the Company are not guarantees of
future results or performance, and that actual results may differ
materially from those in forward looking statements as a result of
various factors, including, but not limited to, variations in the
nature, quality and quantity of any natural resources that may be
located, variations in the market price of any natural resource
products the Company may produce or plan to produce, the Company's
inability to obtain any necessary permits, consents or
authorizations required for its activities, the Company's inability
to produce natural resources from its properties successfully or
profitably, to continue its projected growth, to raise the
necessary capital or to be fully able to implement its business
strategies, and other risks and uncertainties disclosed in the
Company's Annual Report on Form 20-F for the year ended
December 31, 2011 and its most recent
quarterly reports filed with the United States Securities Exchange
Commission (the "SEC"), and other information released by the
Company and filed with the appropriate regulatory agencies. All of
the Company's Canadian public disclosure filings may be accessed
via www.sedar.com and its United States public disclosure filings may be
accessed via www.sec.gov, and readers are urged to
review these materials.
For more information please contact (403) 290-1676, e-mail
info@FECResources.com or visit the FEC Resources website at
www.FECResources.com
SOURCE FEC Resources Inc.
