FEC Resources, Inc. (FEC) is engaged in the acquisition, exploration, and, when warranted, development of natural resource and mineral properties. The Company is pursuing exploration and development opportunities for oil, natural gas, gold and copper in the Philippines through various companies in which it holds interests. The Company holds investment in Forum Energy Plc (FEP), Metalore Mining Corporation and Lascogon Mining Corporation. As of December 31, 2015, FEP owned the oil and gas rights over 8,800-square kilometer block located in the West Philippine Sea. As of December 31, 2015, the holdings of FEP were based mainly in the Philippines and included 70% interest in Service Contract 72 Reed Bank (SC 72); 66.7% interest in Service Contract 40 North Cebu (SC 40), and 2.27% interest in Service Contract 14C1 Galoc (SC 14C1 Galoc). The Company is also engaged in the exploration for gold and copper through its interests in Lascogon Mining Corporation.