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Gold/Mining/Energy : FEC Resources Undervalued, Gas, Gold, Coal, Play
FECOF 0.00390+11.4%Oct 29 9:30 AM EDT

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From: Tadsamillionaire9/15/2007 3:20:02 PM
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Sampaguita Gas Field, This why we hang on...the Sampaguita gas discovery indicates a world class gas accumulation with potential reserves of up to 20 TCF (“Trillion Cubic Feet”) Forum has 100% of the equity in the licence in which the Sampaguita offshore gas discovery is situated.
Results from the 3D seismic programme and its interpretation performed by independent consultants, Count Geophysics Limited, confirmed a minimum of 3.4 TCF proven gas in place from sands tested in the 3 wells drilled to-date and the extension of the structure to a possible closure of 290 sq. km giving an upside reserves in these sands alone of 10 TCF.
Additional untested sands, which are known to contain gas, could double this figure. The block also contains 8 additional leads which require further work that has the potential to add a further 20 TCF in aggregate.
forumenergyplc.com
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