Company: FECOF
Filing Date: 2025-07-15
Form Type: 20-F
Source: 0001477932-25-005053
Chunk: 17

Company: FEC Resources Inc.
Filing Date: 2025-07-15
Form: 20-F
Item: Item 4
Chunk 17
---
                             66.67      No                   
  SC 14C-1 Galoc                                3.21      Yes                  
  SC 14C-2 West Linapacan                       9.10      No                   
  Octon New SC (former SC 6A) (1)               6.84      No                   
  Cadlao New SC (former SC 6B Bonita) (2)       2.45      No                   
  SC 14A Nido (3)                               8.47      No                   
  SC 14B Matinloc (3)                          12.41      No                   
  SC 14B-1 North Matinloc (3)                  19.46      No                   
  SC 14D Retention Area (3)                     8.16      No                   
  SC 14 Tara (3)                                  10      No                   
 ───────────────────────────────────────────────────────────────────────────────

(1)SC 6A was surrendered to the DOE on March 31, 2021, which was approved on September 5, 2022. The area was nominated for a new SC on March 17, 2023. This is currently under process with the DOE.

(2)The 50-year term of SC 6B expired on February 28, 2024. Prior to this, the Joint Venture applied for a new Service Contract on January 26, 2024. This is currently under process with the DOE.

(3)A Notice to Surrender of the blocks were issued by Operators Philodrill and AC Energy (for Tara) on February 16, 2021. This was approved by the DOE on May 18, 2022.

The following is a brief description of the properties of Forum Energy together with production details where appropriate.

SC 72 Recto Bank

FEL’s principal asset is a 70% participating interest in SC 72 (previously Geophysical Survey and Exploration Contract No. 101 (“ GSEC 101”)), a petroleum license located in the Recto Bank, offshore west of Palawan Island, the Philippines. The remaining 30% of SC 72 is owned by Monte Oro Resources & Energy Inc., a company incorporated in the Philippines, which is involved in a joint venture with FEL with respect to SC 72.

On February 15, 2010, the GSEC 101 license was converted to SC 72, and F