CALGARY, Alberta, June 1 /PRNewswire-FirstCall/ -- FEC RESOURCES INC. (OTC Bulletin Board: FECOF, Frankfurt/Munich: FE8) ("FEC") is pleased to announce the appointment of Mr. Edward A. Tortorici and Mr. Carlo Pablo to the Board of Directors of the Company.
Mr. Tortorici has served in a variety of senior and executive management positions, including Corporate Vice President for Crocker Bank and Managing Director positions at Olivetti Corporation of America and Fairchild Semiconductor Corporation. Mr. Tortorici founded EA Edwards Associates, an international management and consulting firm specializing in strategy formulation and productivity improvement with offices in the USA, Europe and Middle East. In 1987 he joined First Pacific as an Executive Director for strategic planning and corporate restructuring and launched the Group's entry into the telecommunications and technology sectors. Presently he oversees corporate strategy for First Pacific and guides the Group's strategic planning and corporate development activities. Mr. Tortorici serves as a Commissioner of PT Indofood Sukses Makmur Tbk and a Director of Metro Pacific Investments Corporation, Maynilad Water Services, Inc., Philex Mining Corporation, Medical Doctors Inc., and Landco Pacific Corporation. He also serves as an Executive Advisor of MPIC companies located in the Philippines and as a Trustee of the Asia Society and the Metropolitan Museum of Manila.
Mr. Pablo has 24 years of oil and gas experience with Shell in the Philippines, Indonesia and Malaysia. His experience covers commercial and engineering roles in the downstream and upstream business. He has specialized in negotiation of petroleum contracts, gas commercialization, strategy and portfolio management, international business development, exploration and production economics, oil and gas marketing, and project management. From May 2010 to present Mr. Pablo has served as Chief Operating Officer of Philex Petroleum Corporation. From October 2005 to March 2010 he was Joint Venture Liaison and Commercial Economics Advisor for Shell Philippines Exploration BV and prior to that Team Leader Business Development for Indonesia, Shell International Gas and Power.
FEC Resources Inc. holds a diverse portfolio of oil, gas and gold assets located in the Philippines through its shareholdings in Forum Energy Plc and Lascogon Mining Corporation.
On behalf of the Board of FEC Resources Inc.,
This release contains "forward looking statements" as per Section 21E of the US Securities and Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Management is currently reviewing many options and there is no assurance that they will not make decisions other than those now contemplated. The Company is subject to political risks and operational risks identified in documents filed with the Securities and Exchange Commission, including changing and depressed oil prices, unsuccessful drilling results, change of government and political unrest in its main area of operations
CONTACT: FEC Resources Inc., +1-403-290-1676, info@FECResources.com
SOURCE FEC Resources Inc.