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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: schzammm who wrote (5291)	12/19/2003 5:20:48 AM
From: jimsioi	Respond to of 108914

schzammm, the handle is memorable & FEEC. I was about to post my notes from my conversation with the IR man for FEEC, Carl Thompson of CTA Public Relations, when I read your posts. Great to see your handle here… Interesting that HOGC should come up in the references you posted...Coal Methane also. I bought that stock once but sold it when I was warned it was a sham....Sold too soon as it went another 35% higher at least, but is now pretty well in a down trend and lower than where I originally entered in the high $3s. HOGC was pumped, or shall we more generously say promoted in part to its full and correct value by the same InvesTrend mentioned in the release about FEEC today, if I draw the correct conclusion from your references. HOGC had a great web page.... Carl Thompson wasn't born yesterday....he says he has over 21 years in the oil and gas business public relations business. He claims to have seen all types come and go and says this one (FEEC) is legit...Assets are there, contracts are there, balance sheet is honest, even the report of the first well's success if anything understated potential. Carl sounded entirely believable. He and his firm have recently been appointed or hired for the task of providing public relations for FEEC. He and the firm are not Boca Rotan or Vancouver promo men, he wanted me to know….The company has opted for something much better to represent them. Given the fact that subpoena issues are not new to the company, this seems like a very good idea. Carl informed me that the original president of FEEC died in October and some of the issues surrounding the SEC action may revolve around former officers. Running the company now is a Mike Napplerapp, former Assistant Secretary of Energy under the older Bush. I got from Carl the sense that the SEC action is most likely related to things past and promotional efforts by others of the company's prospects. InvesTrends and MaryDellPartners' names came up... Looking forward, revenues may be seen in 2004 and the second well ought to be reported in January / February...Expect this to be a relatively slow developing giant...transportation of gas to users is one challenge. Carl had no information on production costs or NG pricing. "The government of China is their partner…They want the project to succeed." If I were putting really serious money into this stock I’d want to know alot more about the partnership agreements between ConocoPhillips and China United Coalbed Methane Company (CUCBM) and FEEC. Just what is involved. Saying such associations exists for a small company adds great credibility; is one of the oldest sales and selfpromotional tools in the books, and if fully true it is very important. For me the subpoena seems to be concerned with issues past and removed from the company and its current management. Still there's a pall here that'll take a few positive items to offset. Longer term holders may do well, but those with less patience, including myself who look for the continuation of momentum, will likely do as well otherwise, at least for the time being. Questions about pricing, amount of required financing, and eventual sales price of the gas once transported should be raised with Carl in the future. The right answers to those questions will ultimately determine the profitability of this concern and its share price..