RISC Estimates Net Contingent Resources of CBM at 2C Level of Certainty of 1.1 tcf, NPV10 of US$2.57 billionHOUSTON, July 11, 2012 /CNW/ - Far East Energy Corporation (OTC:BB FEEC) announced today the release of an independent engineering report prepared by Resource Investment Strategy Consultants (RISC) with respect to its coalbed methane (CBM [...]
HOUSTON, July 9, 2012 /CNW/ - Far East Energy Corporation (OTCBB: FEEC) announced today that the Modification Agreement extending the exploration period of its Production Sharing Contract (PSC) for coalbed methane (CBM) in the Shouyang Block in Shanxi Province has received formal approval from the Ministry of Commerce (MofCom) of the People's [...]
HOUSTON, June 19, 2012 /CNW/ - Far East Energy Corporation (OTCBB:FEEC) announced today that its Modification Agreement extending the exploration period of its Production Sharing Contract for the Enhong and Laochang Area in Yunnan Province has received formal approval from the Ministry of Commerce (MofCom) of the People's Republic of China (PRC [...]
HOUSTON, May 23, 2012 /CNW/ - Far East Energy Corporation (OTCBB:FEEC) today announced that it had entered into an amendment to its bridge facility agreement with Standard Chartered Bank that, among other things, extends the date upon which the company is required to provide Standard Chartered Bank with evidence of approval by the Ministry of [...]
HOUSTON, May 9, 2012 /CNW/ - Far East Energy Corporation (OTCBB:FEEC) today announced that it will host a conference call to update shareholders and other interested parties on Monday, May 21, 2012 at 10:00 a.m. Central Time – 11:00 a.m. Eastern Time. Michael R. McElwrath, Chief Executive ...
HOUSTON, April 11, 2012 /CNW/ - FarEast Energy Corporation
today announced that Bruce N. Huff, Chief Financial Officer of the Company, will present at the IPAA Oil & Gas Investment Symposium on Tuesday, April 17, 2012 at 4:10 p.m. Eastern Time, which event will be held at the Sheraton New York Hotel and Towers. The presentation will be webcast live via a link posted on the Company's website at www.fareastenergy.com, and will be archived for ten (10) days on the Company's website following the presentation.
Far East Energy Corporation
Based in Houston, Texas, with offices in Beijing, Kunming, and Taiyuan City, China, Far East Energy Corporation is focused on coalbed methane exploration and development in China. For additional information please visit, www.fareastenergy.com.
Statements contained in this press release that state the intentions, hopes, estimates, beliefs, anticipations, expectations or predictions of the future of Far East Energy Corporation and its management are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. It is important to note that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. Actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include: the preliminary nature of well data, including permeability and gas content; there can be no assurance as to the volume of gas that is ultimately produced or sold from our wells; the fracture stimulation program may not be successful in increasing gas volumes; due to limitations under Chinese law, we may have only limited rights to enforce the gas sales agreement between Shanxi Province Guoxin Energy Development Group Limited and China United Coalbed Methane Corporation ('CUCBM'), to which we are an express beneficiary; additional wells may not be drilled, or if drilled may not be timely; additional pipelines and gathering systems needed to transport our gas may not be constructed, or if constructed may not be timely, or their routes may differ from those anticipated; the pipeline and local distribution/compressed natural gas companies may decline to purchase or take our gas, or we may not be able to enforce our rights under definitive agreements with pipelines; conflicts with coal mining operations or coordination of our exploration and production activities with mining activities could adversely impact or add significant costs to our operations; the Chinese Ministry of Commerce ('MofCom') may not approve the Modification Agreement to the Shouyang PSC (the 'Modification Agreement') on a timely basis or at all, or, if so, on commercially advantageous terms; our Chinese partner companies or MofCom may require certain changes to the terms and conditions of the Modification Agreement or our PSCs in conjunction with their approval, including reductions in acreage or a reduction in the term of the extension for the exploration period; our lack of operating history; limited and potentially inadequate management of our cash resources; risk and uncertainties associated with exploration, development and production of coalbed methane; our inability to extract or sell all or a substantial portion of our reserves and other resources; we may not satisfy requirements for listing our securities on a securities exchange; expropriation and other risks associated with foreign operations; disruptions in capital markets affecting fundraising; matters affecting the energy industry generally; lack of availability of oil and gas field goods and services; environmental risks; drilling and production risks; changes in laws or regulations affecting our operations, as well as other risks described in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and subsequent filings with the Securities and Exchange Commission.
HOUSTON, March 14, 2012 /CNW/ - Far East Energy Corporation
has filed its annual report on Form 10-K for the year ended December 31, 2011 and announced the results of its first independent SEC reserve report issued by RISC Operations Pty Ltd ('RISC') evaluating, as of December 31, 2011, the estimated proved, probable and possible coalbed methane [...]
HOUSTON, Feb. 21, 2012 /CNW/ - Far East Energy Corporation
announced today that it will host an update conference call for shareholders and other interested parties on Thursday, February 23, 2012 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time[...]
HOUSTON, Feb. 17, 2012 /PRNewswire/ -- FarEast Energy Corporation
today announced that Bruce N. Huff, Chief Financial Officer of the Company will present at the 2012 Oil & Gas Services Conference(TM) 10, hosted by EnerCom Incorporated on Wednesday, February 22, 2012 at 2:45 p.m. PT; 4:45 p.m. CT; and, 5:45 p.m. ET. The event will be held at the Omni Hotel, San Francisco, California. Mr. Huff's presentation will be webcast live via a link posted on the Company's website at www.fareastenergy.com, and will be archived for ten (10) days on the Company's website following the presentation.
About Far East Energy Corporation Based in Houston, Texas, with offices in Beijing, Kunming, and Taiyuan City, China, Far East Energy Corporation is focused on CBM exploration and development in China.
Statements contained in this press release that state the intentions, hopes, estimates, beliefs, anticipations, expectations or predictions of the future of Far East Energy Corporation and its management are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. It is important to note that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. Actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include: the preliminary nature of well data, including permeability and gas content; there can be no assurance as to the volume of gas that is ultimately produced or sold from our wells; the fracture stimulation program may not be successful in increasing gas volumes; due to limitations under Chinese law, we may have only limited rights to enforce the gas sales agreement between Shanxi Province Guoxin Energy Development Group Limited and China United Coalbed Methane Corporation ('CUCBM'), to which we are an express beneficiary; additional wells may not be drilled, or if drilled may not be timely; additional pipelines and gathering systems needed to transport our gas may not be constructed, or if constructed may not be timely, or their routes may differ from those anticipated; the pipeline and local distribution/compressed natural gas companies may decline to purchase or take our gas, or we may not be able to enforce our rights under definitive agreements with pipelines; conflicts with coal mining operations or coordination of our exploration and production activities with mining activities could adversely impact or add significant costs to our operations; the Chinese Ministry of Commerce ('MofCom') may not approve the Modification Agreement to the Shouyang PSC (the 'Modification Agreement') on a timely basis or at all, or, if so, on commercially advantageous terms; our Chinese partner companies or MofCom may require certain changes to the terms and conditions of the Modification Agreement or our PSCs in conjunction with their approval, including reductions in acreage or a reduction in the term of the extension for the exploration period; our lack of operating history; limited and potentially inadequate management of our cash resources; risk and uncertainties associated with exploration, development and production of coalbed methane; proved reserves may not be reported in a timely manner or at all and, if reported, may be smaller than anticipated; our inability to extract or sell all or a substantial portion of our estimated Contingent Resources; we may not satisfy requirements for listing our securities on a securities exchange; expropriation and other risks associated with foreign operations; disruptions in capital markets affecting fundraising; matters affecting the energy industry generally; lack of availability of oil and gas field goods and services; environmental risks; drilling and production risks; changes in laws or regulations affecting our operations, as well as other risks described in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and subsequent filings with the Securities and Exchange Commission.
HOUSTON, Jan. 26, 2012 /CNW/ - Far East Energy Corporation
today announced positive test results from three more appraisal wells located at significant distances from the 1H Pilot Area in the Company's Shouyang Block, continuing a series of successful appraisal wells that have revealed much of the block to be highly prospective.
HOUSTON, Jan. 9, 2012 /CNW/ -Far East Energy Corporation
announced today the signing of a Modification Agreement extending the exploration period of its Production Sharing Contract in Yunnan Province. The Modification Agreement signed by Far East Energy (Bermuda), Ltd. (Far East Energy) and China United Coal Bed Methane Corporation (CUCBM) will [...]
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