3SOF

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.

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

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  . 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

Quote from: fousc on October 09, 2005, 04:04:33 PM

Applauds for spotting this one as well  . 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?
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So, fousc i think FEEC.OB will stay in penny stock picking..

yah soooooooooo about what i said haha. Always need to remember to read the fine print.

Looks like we got a buy signal with todays price action on the break of the flag.

-fousc

heres and updated chart

-fousc

Nice!

Looks like we got another 52 week high on monday 

This thread was already up and running.
Why not make comments here
Why start a new one

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

"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.                                                         
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.......

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

Recently I saw this stock on my friend's website www.undiscoveredequities.com , he has some good stocks to check.