Lfeaccetfusd Discussion Threads

[sportbilly1976] 08/1/2013 12:24

thats a few out, taking 5p each :)

[topinfo] 08/1/2013 12:21

Very Nice. And its not over yet. Limits cut right back. News on its way maybe or maybe just everyone noticed how undervalued it is???????

[spaceparallax] 08/1/2013 12:19

nice share price action

[topinfo] 08/1/2013 12:18

sideshowbull any chance PXP would just buy FEP out for their stake. Of course at massive premium to current share price but they would still get SC72 stake cheaper than their own?

[topinfo] 08/1/2013 12:17

FEPping Heck here she Goes!!!!!!!!!!!!!!!!!!!!!

[sideshowbull] 08/1/2013 12:17

All welcome just don't be a fool and not see the big picture here, PXP value us at more 30 times what we are now.

[earnestwipplethwaiteiii] 08/1/2013 12:16

I know you guys live on the sunny side of the street but I'd like to sound a small note of caution regarding the article posted by TopInfo, perhaps for the benefit of those unfamiliar with the long-standing, unresolved sovereignty issues in the South China Sea.
One would hope that Madame Ambassador Ma had authorisation from Beijing to say the things she did, though incidences of diplomats talking out of turn are not exactly rare. Be that as it may, if I were currently invested in Forum, which I'm not, I would be more concerned with the official Filipino response to the suggestion of joint development of Sampaguita, given its proximity to Palawan and distance from the nearest point in China, which the article points out. Many senior Filipino politicians are highly nationalistic, and personally I find it hard to believe the Filipino government would countenance such a joint development. Anyone familiar with the history of the tripartite survey agreement a few years ago will understand what I mean.
That said, FEP is undervalued even on its current operational assets. The difficulty is that, while the present situation continues, I don't see it doing more than range trade.
Good luck!

[34simon] 08/1/2013 12:15

Oh dear, the thread has been infested by a pump and dumper !

[topinfo] 08/1/2013 12:15

FEP Jeez they are short of stock, just a 500 share buy at 91.90p put offer up and another MM jumped on bid. I think this is about to fly!

[topinfo] 08/1/2013 11:58

Thats me back. Looks like big Chinese JV./Investment coming SC72 FEP More on this story here in more details!!

That would be very big news and very positive step forward for FEP and would lead to big gains in FEP share price IMO.

[sportbilly1976] 08/1/2013 11:52

only another £24 to go to be valued the same as PXP for their 50% of SC-72...

and then a further £24 for the 50% of Sc-72 which FEP own and PXP don't :)

[dr knowledge] 08/1/2013 11:44

FEP reminds me of deep space travel..........we are all suspended in stasis for weeks/months on end, then "pop", every now and again we all awake same time!

The above article from TopInfo though may explain the share price performance over on PXP, that is the first strong hint of collaboration that I've read. Positive indeed. ;-)

[sideshowbull] 08/1/2013 11:38

Ping here we go stabbed rat time. 92 offer

[34simon] 08/1/2013 11:35

No Topinfo we bought in early before your lot turned up to pay full offer :-))


TOPINFO 8 Jan'13 - 11:20 - 191771 of 191785 0 0

They timed their sells right tho didnt they.

[topinfo] 08/1/2013 11:28

Good news for FEP

China open to joint oil dev't in Recto Bank
By Gil C. Cabacungan
Philippine Daily Inquirer
12:23 am | Monday, January 7th, 2013

Chinese Ambassador to the Philippines Ma Keqing

The Philippines and China may forge ahead with the joint exploration of oil and gas reserves in the West Philippine Sea, which the latter calls the South China Sea, even as their leaders continue to squabble over boundaries.

Chinese Ambassador to the Philippines Ma Keqing made this suggestion as she said these resources could remain idle for a very long time if the Philippines and China waited for a final resolution of their territorial dispute before engaging in any commercial development in the area.

In an interview with the Philippine Daily Inquirer editorial team last month, Ma said the Philippines and China should allow oil and gas prospectors-China National Offshore Oil Corp. (CNOOC) and the Forum Energy-led consortium of businessmen Manuel V. Pangilinan and Enrique Razon Jr.-to strike a deal to confirm and maximize the oil and gas potential of Recto Bank off the coast of Palawan province.

Estimates showed that the Recto Bank prospect has potential reserves of 3.4-trillion cubic feet of gas and 440 million barrels of oil that would make this a bigger find than the Malampaya gas field, also off Palawan.

"I think they (Forum Energy) are now discussing a joint cooperation with China. It's a very positive sign. Why not let two companies discuss the cooperation? I think cooperation will be the best way," Ma said.

Joint understanding

The Chinese ambassador took note of "previous proposals to shelve sovereignty disputes and pursue joint cooperation," referring to the Joint Maritime Seismic Understanding (JMSU) that the Arroyo administration initiated in 2005.

Under the JMSU, the three signatories-CNOOC, Petron Corp. of the Philippines and Vietnam Oil and Gas Corp. (PetroVietnam)-agreed to explore for three years the potential for oil in the disputed waters among the three countries.

The arrangement was criticized as unconstitutional for failing to comply with the 40-percent foreign ownership limit on join exploration deals involving natural resources of the Philippines.

Formula valid

"I think it is still a very valid formula pending the solution of the disputes. We can have cooperation with each other to [explore] the resources because we cannot see in the near future... that we can solve all the disputes," the Chinese ambassador said.

Ma said the disputes over sovereignty and territorial integrity were very sensitive matters.

[sideshowbull] 08/1/2013 11:22

Limits cut to 5k offer

[sportbilly1976] 08/1/2013 10:26

PXP - nice breakouts too

[ducatiman] 08/1/2013 10:20

When these start to move!

[sideshowbull] 08/1/2013 09:50

Yip, offer up on my 2k..

[sideshowbull] 08/1/2013 09:47

True FEP moves like a stabbed rat once it gets a few buys, normal to see only 150 offfered.

Will fling 2k their way to see if they want to do business..

[34simon] 08/1/2013 09:45

Chart says small overhang, flatlined for a while so usually stocks are well offered until the early birds take it out.

[sideshowbull] 08/1/2013 09:43

Was also going to add a few more but they are offering 15k @82.6p - maybe the mm is asleep still.

[34simon] 08/1/2013 09:41

Selftrade quoting 82.6p so almost the bid price, took some though, now and again
it spikes 10-30p so getting in cheap hopefully before that happens.

[simonparker5] 08/1/2013 09:06

Those trades at 83p are buys not sells as reported.