3SOF

Public 3SOF Boards => Penny Stock Picking => Topic started by: saffeysite1 on October 02, 2005, 08:02:36 PM

Title: FEEC.OB
Post by: saffeysite1 on October 02, 2005, 08:02:36 PM
Far East Energy Corporation (FEEC), a development stage company, engages in the acquisition, exploration, development, production, and sale of coalbed methane gas (CBM). It explores for CBM in the Guizhou and Yunnan Provinces of China through production-sharing contracts and farmout agreements covering approximately 1.3 million acres. FEEC was incorporated in February 2000 as Egoonline.com and changed its name to EZfoodstop.com in Aril 2000. It further changed its name to Far East Energy Corporation in 2002. The company is headquartered in Houston, Texas.

Making new highs.   As we are seeing in the market place.  Oil and Gas stocks are rockin.
Title: FEEC.OB
Post by: Terliso on October 09, 2005, 03:56:36 PM
Far East Energy Corporation (FEEC) was formed to acquire explore, develop, and produce, oil and gas, with heavy emphasis on coalbed methane which has emerged as a lower cost/lower risk/higher return resource. Our world headquarters is in Houston, Texas, and we have satellite offices in Beijing and Kunming, China.

Over the past 20 years, China's economy has grown 500% and personal incomes have quadrupled.China is now a member of the World Trade Organization and has a vested interest in abiding by business rules and the contract law of all major industrialized countries. China's largest trading partner is the U.S. and imports from China are annualizing $124 billion this year. China exports five times more to the U.S. than they import, contributing to the largest trade imbalance ever recorded between two countries. Trade is growing so far this year by 32%. The U.S. is the most important customer to China. The U.S. imports about as much from China as they do from Germany, France and Italy combined.  It is important to emphasize that China and the U.S. are now commercially linked major partners in the world economy. Because of the above, "Country risk" is now most likely not at all applicable to China. Also, more foreign investment went to China last year from all over the world than the U.S. and the U.K. combined. The business of China is now business.

China is energy deficient and coalbed methane may play a big part in China's energy future. Natural gas consumption in China is rising rapidly, fueled by an unprecedented economic boom. China's State Council is pushing for a four fold increase in natural gas usage by 2010, and has mandated that natural gas replace coal as the major source for electricity by the 2008 Olympics in Beijing. According to the New York Times, if China in the future uses as much energy per capita as the U.S., it will amount to more energy than is currently produced worldwide
Title: Re: FEEC
Post by: fous on October 09, 2005, 04:04:33 PM
Hey Terlisa,

I actually just posted on FEEC recently as well in the stock picking forum.

http://www.3stocksonfire.org/trading/index.php?topic=3076.0

Applauds for spotting this one as well  ;D. Also, this one isn't a penny stock anymore so it should have been posted in the stock picking forum. Ramsburg will likely change it to the proper forum.

-fousc
Title: Re: FEEC
Post by: Terliso on October 09, 2005, 04:14:36 PM
Quote from: fousc on October 09, 2005, 04:04:33 PM

Applauds for spotting this one as well  ;D. Also, this one isn't a penny stock anymore so it should have been posted in the stock picking forum. Ramsburg will likely change it to the proper forum.

-fousc

fousc,

  Stock picking forum is only for .....AMEX, NSYE, & NASDAQ ... am i right fousc?
Stock Picking
This Board is for our registered users to post their stock picks (NYSE, Nasdaq and AMEX), discuss them with other users and get feedback. Readers can get a lot of useful information on this Board. Members that get a lot of distinction or prominence on this Board may be invited to join the Members Board, only for subscribers. NOTE: No OTCBB and Pink Sheet Stocks on this Board.
Title: Re: FEEC
Post by: Terliso on October 09, 2005, 04:18:10 PM
Stock Picking:
This Board is for our registered users to post their stock picks (NYSE, Nasdaq and AMEX), discuss them with other users and get feedback. Readers can get a lot of useful information on this Board. Members that get a lot of distinction or prominence on this Board may be invited to join the Members Board, only for subscribers. NOTE: No OTCBB and Pink Sheet Stocks on this Board.


Penny Stock Picking
This Board is for our registered users to post their penny stock picks (OTCBB and Pink Sheets), discuss them with other users and get feedback. Readers can get a lot of useful information on this Board. Members that get a lot of distinction or prominence on this Board may be invited to join the Members Board, only for subscribers.


So, fousc i think FEEC.OB will stay in penny stock picking.. ;)
Title: Re: FEEC
Post by: fous on October 09, 2005, 06:40:31 PM
yah soooooooooo about what i said haha. Always need to remember to read the fine print.
Title: Re: FEEC
Post by: fous on October 12, 2005, 06:24:39 PM
Looks like we got a buy signal with todays price action on the break of the flag.

-fousc
Title: Re: FEEC
Post by: fous on October 13, 2005, 10:59:46 PM
heres and updated chart

-fousc
Title: Re: FEEC
Post by: fous on October 14, 2005, 06:37:13 PM
Nice!
Title: Re: FEEC
Post by: Terliso on October 14, 2005, 11:30:09 PM
Looks like we got another 52 week high on monday  ;)
Title: Re: FEEC
Post by: setravis on October 16, 2005, 10:15:53 AM
This thread was already up and running.
Why not make comments here ???
Why start a new one ::)
Title: Re: FEEC
Post by: waxweazle on June 07, 2007, 07:47:38 AM
Looks good :)
i´m in

News:

Far East Energy Provides Drilling Update and Schedules Webcast
6/7/2007


HOUSTON, June 7, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --
Far East Energy Corporation (OTC Bulletin Board: FEEC) announced that within the next week it will spud its first horizontal well in its Qinnan Block in Shanxi Province, China. This new well is planned to be drilled to a horizontal length of approximately 3000m in the No. 3 coal seam. The Qinnan Block contains approximately 500,000 acres or 2,000 square kilometers, and is located near the West-East Pipeline to Shanghai. Far East Energy estimates that the total contract cost of the new well will be approximately $1.2 million, continuing a trend of declining well costs as Far East Energy pursues its development efforts.

Earlier this week, Far East released a report from the independent engineering firm of Netherland, Sewell & Associates, Inc. covering the area of Far East's pattern of wells in the Shouyang Block, which is also almost 500,000 acres in size and is located near the Shanjing II Pipeline to Beijing. The Netherland Sewell report stated that in their opinion the No. 15 coal seam contains high permeability on the order of 100 millidarcies, the gas content of the Shouyang Block is on the high end of CBM fields, and that potential gas rates of 1 million to 2 million cubic feet per day are possible in future horizontal wells. The full text of the report, which contains further information and qualifications, may be found on the website of Far East Energy at http://www.fareastenergy.com.

"Now that the potential uncovered by our first wells in Shouyang has been supported by Netherland Sewell, and as we move forward with the drilling program there, it makes sense to begin to explore the potential of the equally large Qinnan Block," said Michael R. McElwrath, CEO and President of Far East. "It is our hope that our first horizontal well in Qinnan meets with success similar to our efforts in Shouyang. It would be ideal if we could successfully develop production blocks in both Shouyang and Qinnan due to their proximity to the national pipelines to Beijing and Shanghai, respectively," McElwrath continued.

Another Well Commenced in Shouyang Block. Far East Energy also announced that it has spudded a new vertical well, the FCC-HZ06V, in the Shouyang Block. The FCC-HZ06 will be drilled to the top of the coal seam and then the coal seam will be drilled underbalanced to minimize the mechanical damage done to the wellbore. The process of underbalanced drilling will provide a good test of vertical production wells in the Shouyang Block.

"We believe this well will not only speed the dewatering process as we continue to move closer to reaching the critical desorption pressure to achieve commercial gas production, but it will also allow us to begin to assess whether the high permeability of our area makes low-cost vertical wells an economically attractive complement to horizontal wells," said Garry Ward, Senior Vice President for Engineering of Far East Energy Corporation.

Update on Shouyang Block Operations. Far East Energy also indicated that the dewatering process related to the first five horizontal wells is proceeding as anticipated. The previously announced drop in bottom hole pressure in the most recent wells drilled in the Shouyang drilling pattern indicates the substantial progress made toward reaching the desorption pressure at which gas is released.

Operations Update Webcast. Far East Energy plans to host a China operations update webcast with CEO and President Michael R. McElwrath on June 20, 2007 at 11:00 a.m. Eastern time.

What: China Operations Update Webcast When: Wednesday, June 20, 2007 at 11:00 a.m. EDT Where: http://www.fareastenergy.com How: Live over the Internet -- Via the Far East Energy website

Far East Energy's operations include the Shouyang and Qinnan Blocks, which make up the 1,057,650 acre (4,280 square kilometers) coalbed methane (CBM) project in Shanxi Province that Far East holds under farmouts from ConocoPhillips. Including its 264,863 acre (1,072 square kilometers) project in Yunnan Province, the CBM concessions of Far East Energy contain a land mass slightly larger than the State of Delaware. The Shanxi properties are strategically located next to China's two largest pipelines leading to the industrial centers of Shanghai and Beijing.

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 through its agreements with ConocoPhillips and China United Coalbed Methane Company, Ltd. (CUCBM).

Statements contained in this press release that state the intentions, hopes, 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, and commercial viability of the wells; risk and uncertainties associated with exploration, development and production of oil and gas; drilling and production risks; our lack of operating history; limited and potentially inadequate cash resources; expropriation and other risks associated with foreign operations; anticipated pipeline construction and transportation of gas; matters affecting the oil and gas industry generally; lack of availability of oil and gas field goods and services; environmental risks; changes in laws or regulations affecting our operations, as well as other risks described in our Annual Report on Form 10-K and subsequent filings with the Securities and Exchange Commission.

Contact: David Nahmias Far East Energy Investor Relations 901-218-7770 [email protected] Warren Laird / Vice President [email protected] CTA Integrated Communications 303-665-4200

SOURCE Far East Energy Corporation

David Nahmias, Investor Relations of Far East Energy Corporation, +1-901-218-7770, [email protected]; or Warren Laird, Vice President of CTA Integrated Communications, +1-303-665-4200, [email protected] http://www.fareastenergy.com

Copyright (C) 2007 PR Newswire. All rights reserved



(http://hotstockland.eu/boardcharts/FEEC060607one.jpg)

(http://hotstockland.eu/boardcharts/FEEC060607two.jpg)
Title: Re: FEEC.OB
Post by: setravis on June 09, 2007, 11:44:32 AM
"FEEC.OB" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.  ;D                                                       
All history on a stock pick in 1 thread is awesome.   ;)                                                       
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.    :( ::)                                                     
Thank You....and good luck with all your trades....make some $$$    ;)


I will leave you Friday's closing chart while I 'm in this thread.......
Title: Re: FEEC.OB
Post by: setravis on August 17, 2007, 10:27:36 PM
Indicators looking awesome !
Biggest gas hole on the market.
Institutional attraction/ Exchange change.... ???
Now we need news that she begins trading on the Naz...maybe soon  ;)

52wk Range: 0.75 - 1.92
Volume: 1,789,788
Avg Vol (3m): 367,804



Title: Re: FEEC.OB
Post by: penny-trader0214 on September 07, 2007, 04:37:29 PM
Recently I saw this stock on my friend's website www.undiscoveredequities.com , he has some good stocks to check.
Title: Re: FEEC.OB
Post by: waxweazle on May 21, 2008, 07:01:30 AM
Energie Stocks rais on oil!!

Oil is now above 130$ und will reach soon 150$

The amex oilk stocks still running now the otzc Stocks will come somone acumullate here..

(http://chart4.onvista.de/i.html?ID_NOTATION=5118401&DISPLAY=1&SCALE=1&GRID=1&VOL=1&SUPP_INFO=0&PREV_CLOSE=1)


(http://www.hotstockland.info/forum/index.php?action=dlattach;attach=921;image)

(http://www.hotstockland.info/forum/index.php?action=dlattach;attach=923;image)
Title: Re: FEEC.OB
Post by: waxweazle on May 22, 2008, 08:13:25 AM
update:
green are the new targets!
::)

(http://www.hotstockland.info/forum/index.php?action=dlattach;attach=925;image)

(http://www.hotstockland.info/forum/index.php?action=dlattach;attach=927;image)
Title: Re: FEEC.OB
Post by: waxweazle on June 03, 2008, 07:24:42 AM
new Fund( warrent1 $ ) only a Filling no news!! this week we see news!
and rumours of Amexlisting ( need 1$)

FEEC's been listed 5 Consecutive Market Days. On Buyins List as of 05/23/2008 Through 05/30/2008

http://www.buyins.net/tools/symbol_stats.php?sym=FEEC&ssd=20080530 (http://www.buyins.net/tools/symbol_stats.php?sym=FEEC&ssd=20080530)

6 Millionen!!



[url]http://www.dynamisfunds.com/index.php]http://ih.advfn.com/p.php?pid=nmona&cb=1212428656&article=26635847&symbol=NB%5EFEEC/url]

[url]http://www.dynamisfunds.com/index.php  (http://ih.advfn.com/p.php?pid=nmona&cb=1212428656&article=26635847&symbol=NB%5EFEEC/url)

(http://www.hotstockland.info/forum/index.php?action=dlattach;attach=949;image)
Title: Re: FEEC.OB
Post by: waxweazle on June 04, 2008, 07:00:39 AM
update
Title: Re: FEEC.OB
Post by: waxweazle on June 06, 2008, 05:37:17 AM


FEEC:
IN: US3073251007

FEEC:

yesterday new 8K  with new arrangement the second Fond will also buy shares at a share 1$
this was the second Fond..


http://biz.yahoo.com/e/080530/feec.ob8-k.html (http://biz.yahoo.com/e/080530/feec.ob8-k.html)
http://biz.yahoo.com/e/080605/feec.ob8-k.html (http://biz.yahoo.com/e/080605/feec.ob8-k.html)

normaly we see on this a PR cpuld be  at 11.06. read this :

Press Release   Source: Far East Energy Corporation

Far East Energy Announces Operations Update Call
Thursday June 5, 3:05 pm ET

HOUSTON--(BUSINESS WIRE)--FAR EAST ENERGY CORPORATION (OTCBB:FEEC - News) announced today that it will host an operations update call Wednesday, June 11th, 2008 at 10:00 a.m. Central Time. Michael R. McElwrath, CEO and President, will introduce and be joined by Phil Christian, newly appointed Chief Operating Officer (COO), during which time Mr. Christian will provide an update on operations and highlight the Company's drilling plan.


To access this event, please go to the Far East Energy web-site, or dial 1-866-412-1097 (U.S. participants), or 1-706-634-5763 (International participants). The pass code for all callers is 50671464. Questions submitted by call participants will be taken via the Company's website only.

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 through its agreements with ConocoPhillips and China United Coalbed Methane Company, Ltd. (CUCBM).

Statements contained in this press release that state the intentions, hopes, 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, and commercial viability of the wells; risk and uncertainties associated with exploration, development and production of oil and gas; drilling and production risks; our lack of operating history; limited and potentially inadequate cash resources; expropriation and other risks associated with foreign operations; anticipated pipeline construction and transportation of gas; matters affecting the oil and gas industry generally; lack of availability of oil and gas field goods and services; environmental risks; changes in laws or regulations affecting our operations, as well as other risks described in our Annual Report on Form 10-K and subsequent filings with the Securities and Exchange Commission.


Contact:

Far East Energy Corporation
David Nahmias, 901-218-7770
[email protected]
or
Christensen Investor Relations
Patty Bruner, 480-614-3009
[email protected]

Source: Far East Energy Corporation


Chartupdate:
All downmoves are chances to get some stocks or more soon 1$ and more an rumours on amexlisting

Oilprice up again
(http://isht.comdirect.de/charts/big.chart?hist=1d&type=CONNECTLINE&dsc=abs&ind0=VOLUME&&currency=&&lSyms=%7BF1%3aCL%5CN08.NYM%7D&lColors=0x000000&sSym=F1:CL%5CN08.NYM&hcmask=)

(http://www.hotstockland.info/forum/index.php?action=dlattach;attach=953;image)



Title: Re: FEEC.OB
Post by: waxweazle on June 08, 2008, 09:47:19 AM
Chartupdate FEEC + oil is overheat out of Bollinger
+ Feec Friday opening with a Gap
+ Gap will fill within the next 2 Days
+ Target 0.78$

(http://www.hotstockland.info/forum/index.php?action=dlattach;attach=959;image)

Oil


(http://www.hotstockland.info/forum/index.php?action=dlattach;attach=961;image)
Title: Re: FEEC.OB
Post by: setravis on June 10, 2008, 05:51:04 PM
waxweazle, has been all over this as of late,
Thanks for the updates...Applaud !  ;)

FEEC - Momentum !
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 through its agreements with ConocoPhillips and China United Coalbed Methane Company.

Title: Re: FEEC.OB
Post by: Ramsburg on June 12, 2008, 07:52:46 AM

A new research note for FEEC.OB published by Roth Capital:

(http://img246.imageshack.us/img246/8204/78954184pu7.png) (http://www.geocities.com/homem_protocolo/pdf/FEEC.20080612.Roth.pdf)
Title: Re: FEEC.OB
Post by: waxweazle on June 12, 2008, 08:58:53 AM
ready again  ;D

(http://www.hotstockland.info/forum/index.php?action=dlattach;attach=965;image)

(http://www.hotstockland.info/forum/index.php?action=dlattach;attach=967;image)
New big pick soon on hotstockland.info
Title: Re: FEEC.OB
Post by: waxweazle on June 16, 2008, 06:46:50 AM
Feec:


Soon 1$

(http://www.hotstockland.info/forum/index.php?action=dlattach;attach=970;image)
http://www.hotstockland.info/forum/index.php?action=dlattach;attach=970;image

4 Mille dollar insider buy in Juni


http://www.secform4.com/insider-trading/1124024.htm (http://www.secform4.com/insider-trading/1124024.htm)
Title: Re: FEEC.OB
Post by: waxweazle on June 19, 2008, 07:02:35 AM
NEUER PICK SOLF
ISIN: US83415U1088
for chart please scroll down


FEEC update
next target...  oil run up

FEEC bald bei 1$


the last 3 time you can make with the charting of Hsl 3 time more than 20%

(http://hotstockland.info/images/fbfiles/images/feec180608.jpg)

Title: Re: FEEC.OB
Post by: waxweazle on June 30, 2008, 07:32:54 AM
Oil is up and will go above 150$
FEEC is now on the Bottomline with rumours of Chinapetro and the rising oil feec should run the next weeks look at the chart Buysignals come in!

(http://www.hotstockland.info/forum2/index.php?action=dlattach;attach=8;image)

5 Year Chart we build a big Wedge!!!

Target 1.50$ for the upper trendline on the wedge!

(http://isht.comdirect.de/charts/big.chart?hist=5y&type=CONNECTLINE&ind0=VOLUME&&currency=&&lSyms=FEEC.NAP&lColors=0x000000&sSym=FEEC.NAP&hcmask=)
Title: Re: FEEC.OB
Post by: waxweazle on July 01, 2008, 07:15:59 AM
FEEC


Shares Float 103,360,000
Total Shares Outstanding 137,458,794
% Owned by Insiders 34.55 %
% Owned by Institutions 11.30 %


(http://www.hotstockland.info/forum2/index.php?action=dlattach;attach=10;image)

Oil is up again!!!

Feec is in a nice segment ( China +gas )
adding time for above 1$



(http://chart4.onvista.de/i_kl.html?PREV_CLOSE=1&VOL=0&ID_NOTATION=15140939)

downtrend is borken

(http://isht.comdirect.de/charts/big.chart?hist=10d&type=CONNECTLINE&dsc=abs&ind0=VOLUME&&currency=&&lSyms=FEEC.NAP&lColors=0x000000&sSym=FEEC.NAP&hcmask=)

and we got a reuters report!!
very nice upgradet to outperform...

people where have etrade could read this for free!!
Title: Re: FEEC.OB
Post by: waxweazle on July 03, 2008, 06:27:40 AM
a 600000 Stock buy going on here yesterday wow

look here:





(http://isht.comdirect.de/charts/big.chart?hist=1d&type=CONNECTLINE&dsc=abs&ind0=VOLUME&&currency=&&lSyms=FEEC.NAP&lColors=0x000000&sSym=FEEC.NAP&hcmask=)

ready for pop

(http://www.hotstockland.info/forum2/index.php?action=dlattach;attach=34;image)

Title: Re: FEEC.OB
Post by: waxweazle on July 14, 2008, 05:54:24 AM
update looks good!! someone is buying here at this lefel biggly!!
Title: Re: FEEC.OB
Post by: setravis on April 08, 2009, 10:45:13 PM
FEEC - Volume Alert.......
Far East Energy Announces Gas Production

Title: Re: FEEC.OB
Post by: setravis on April 08, 2009, 10:46:39 PM
Far East Energy Announces Gas Production.......


HOUSTON, April 8, 2009 /PRNewswire-FirstCall via COMTEX/ -- Far East Energy Corporation (FEEC, Trade) announced today that it has achieved critical desorption pressure (CDP) in a portion of the 1H Pilot Area in its Shouyang Block in Shanxi Province, China. Gas production in the Shouyang Block has been increasing almost daily since January 1, rising almost 300% in the past three months. Production for the 1H area is now over 200,000 cubic feet, or 200 Mcf, per day. Far East believes that the quantity of gas being produced in the field is sufficient to begin discussions with its Chinese partner, China United Coalbed Methane Company (CUCBM), regarding a gas marketing agreement that would allow Far East to jointly market its gas with CUCBM through a gas sales facility. Far East believes that any initial gas sales facility would initially be a compressed natural gas (CNG) facility and would likely have a capacity of 1 to 3 million cubic feet per day. This sales facility would be constructed to allow for growth in the event the area of desorption grows and more gas is produced and gathered for sale.

Two wells in the IH Pilot Area are currently producing over 50 Mcf per day, with a third well producing approximately 40 Mcf per day. These three wells appear to meet the definitions for Chinese reserves qualification, provided they maintain sufficient production levels until an official certification can be obtained. Far East does note that, as in any oil and gas exploration activity, certain events could cause reductions in the amount of gas being produced from these three wells and/or could cause production from the overall area to decline.

"This is the news we have been anxiously awaiting," said Michael R. McElwrath, CEO of Far East. "Reaching CDP removes any doubt that the coals in the Pilot Area can be dewatered; and CDP must be reached to produce gas. More importantly, now that we have achieved production in excess of 200 Mcf per day, we can enter into discussions with CUCBM concerning gas sales and revenue generation. This is an important step toward achieving our overall development plan for this area.

McElwrath continued, "As more of the Pilot Area reaches CDP, we believe we will see additional wells begin to produce nice volumes of gas. We plan to commence three deviated wells in the 1H Pilot Area within the next few weeks. These wells should increase water production and, hopefully, maximize gas production from the 1H Pilot Area. Once those three wells are completed, we intend to begin expanding the spacing between subsequent wells. As the dewatered area and well spacing expand, the same high permeability that originally allowed water to flow from long distances to our wells, should begin to allow gas to flow from long distances to our wells. This should allow us to capitalize on the typical advantages of high permeability, namely, drilling fewer wells, producing more gas per well, and maintaining higher production rates for longer periods of time than in a lower permeability area, all of which should result in superior economics."

In March of 2008, Far East released the results of an independent coalbed methane reservoir simulation study of the Pilot Area of the Shouyang Block, conducted over a four month period by Advanced Resources International, Inc. ("ARI"), of Houston, Texas. At that time, ARI concluded that "...based upon model predictions of reservoir pressure, dewatering of the #15 coal seam has been occurring and is approaching the estimated desorption pressure within the pilot area." While actual results are likely to vary, ARI's simulations showed theoretical peak gas production rates of between 2.3 and 5 million cubic feet per day (MMcfd) for a 900-meter long horizontal well drilled on 400-acre spacing, and peak production rates of 300,000 to 500,000 cubic feet per day from vertical wells drilled on 80-acre spacing.

After completing the planned drilling in the 1H Pilot Area, Far East plans to drill parameter wells in distinct areas of the Shouyang Block, each of which will be several kilometers from the 1H Pilot Area. These wells will be tested and evaluated with the goal of identifying one or more new areas suitable for another concentrated pilot well program. "For obvious reasons, with gas now flowing from the Pilot Area, we are anxious to determine whether our area of high permeability and high gas content extends across a broad swath of the Shouyang Block," said McElwrath.

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 through its agreements with ConocoPhillips and China United Coalbed Methane Company, Ltd. (CUCBM).

Statements contained in this press release that state the intentions, hopes, 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, and commercial viability of the wells; risk and uncertainties associated with exploration, development and production of oil and gas; drilling and production risks; the gas produced at our wells may not increase to commercially viable quantities or may decrease; our lack of operating history; limited and potentially inadequate cash resources; expropriation and other risks associated with foreign operations; anticipated pipeline construction and transportation of gas; matters affecting the oil and gas industry generally; lack of availability of oil and gas field goods and services; environmental risks; changes in laws or regulations affecting our operations, as well as other risks described in our Annual Report on Form 10-K and subsequent filings with the Securities and Exchange Commission.

SOURCE Far East Energy Corporation



http://www.fareastenergy.com 

Copyright (C) 2009 PR Newswire. All rights reserved




Title: Re: FEEC.OB
Post by: setravis on April 08, 2009, 10:48:22 PM
Far East Energy Announces Investor Update Details


HOUSTON, April 6, 2009 /PRNewswire-FirstCall via COMTEX/ -- Far East Energy Corporation (FEEC, Trade) announced today that it will host an investor conference call Thursday, April 9, 2009 at 9:30 a.m. Central Time - 10:30 a.m. Eastern Time. Michael R. McElwrath, Chief Executive Officer and President, will be joined by Phil A. Christian, Chief Operating Officer, to discuss the Company's recently announced strategic alliance with Arrow Energy International, and also to provide an update on operations.

Conference Call Details

To register and participate in the webcast, interested parties should enter through the Company's website and click on the link provided approximately 10-15 minutes prior to the webcast. Please note: questions can only be submitted via the conference link posted on the Home page of the Company's website at: www.fareastenergy.com. Parties without access to the internet may listen only by dialing the numbers provided below.


 
    Date:            Thursday, April 9, 2009 - 9:30 a.m. CDT - 10:30 a.m. EDT 
    Dial in access:  1-800-860-2442 (U.S. participants) or 
                     1-412-858-4600 (International participants) 
    Request connect: Far East Energy Conference Call 
    Call and Q&A:    www.fareastenergy.com 

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 through its agreements with ConocoPhillips and China United Coalbed Methane Company, Ltd. (CUCBM).

Statements contained in this press release that state the intentions, hopes, 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: certain of the proposed transactions with Arrow may not close on a timely basis or at all, including due to a failure to satisfy closing conditions or otherwise; the anticipated benefits to us of the transactions with Arrow may not be realized; the final amounts received from Arrow may be different than anticipated; the preliminary nature of well data, including permeability and gas content, and commercial viability of the wells; risk and uncertainties associated with exploration, development and production of oil and gas; drilling and production risks; our lack of operating history; limited and potentially inadequate cash resources; expropriation and other risks associated with foreign operations; anticipated pipeline construction and transportation of gas; matters affecting the oil and gas industry generally; lack of availability of oil and gas field goods and services; environmental risks; changes in laws or regulations affecting our operations, as well as other risks described in our Annual Report on Form 10-K and subsequent filings with the Securities and Exchange Commission.

SOURCE Far East Energy Corporation



http://www.fareastenergy.com 

Copyright (C) 2009 PR Newswire. All rights reserved