FEC Resources Inc. (FEC) is engaged in the acquisition, exploration, and development of natural resource and mineral properties. As of December 31, 2012, the Company was pursuing exploration and development opportunities for oil, natural gas, iron ore, gold, and copper in the Philippines through various companies in which it holds interests. The principal investment of FEC is in Forum Energy Plc (FEP). As of December 31, 2012, the Company held 24.05 % interest in FEP. As of December 2012, FEP owned oil and gas rights over a 8,800 square-kilometer block located in the West Philippine Sea. In addition, it also holds interests in various other concessions located in the Philippines. The Company is also involved in the exploration for gold and copper through its interest in Lascogon Mining Corporation.