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    Seismic shoot completed over prospects offshore Philippines

    Projects and Operations // June 24, 2005
    FEC Resources reports that Forum Energy Plc, the UK energy group with gas, oil and coal assets in the Philippines, of which FEC Resources Inc holds a 57.9 per cent interest, has completed a key seismic survey across an offshore area believed to contain promising oil and gas prospects.

    Alongside a programme to begin production from proven gas and coal reserves over the next 12 months, Forum has just completed an offshore 2D seismic acquisition programme in the Taņon Strait, west of Cebu Island.

    Forum Energy Plc, which will open its London headquarters in July following a successful fund raising from UK institutional investors, has commissioned Spectrum Energy (UK) to process this seismic data over the course of the summer.

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