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Far East Energy Corp. (FEECQ)

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Last Post: 8/23/2016 9:36:35 PM - Followers: 90 - Board type: Free - Posts Today: 0

FAR EAST ENERGY -- The third-largest concession holder of coalbed methane deposits in China. The company will develop the resources together with its local joint-venture partner, the state-owned China United Coalbed Methane Company, Ltd.

June Presentation.

Far East Releases Independent Engineer
Far East Energy Corporation (OTCBB:FEEC) today released the results of an independent coalbed methane reservoir simulation study conducted over the past four months by Advanced Resources International, Inc. ("ARI"), of Houston, Texas, for the Shouyang Block, Qinshui Basin, Shanxi Province, China. The report concludes 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." The desorption pressure is the point at which pressure is lowered sufficiently for gas to be released from the coal matrix.

The report also indicates the potential for favorable gas recoveries from either vertical or horizontal wells. Using standardized assumptions of gas recoveries over 20 years at the median case (50% probability), ARI's simulations show recoveries of 3.4 to 5.3 billion cubic feet (Bcf) from horizontal wells spaced at 250 and 550 acres, respectively. Using the same assumptions, the report estimates gas recoveries from individual vertical wells of .5 to 1.2 Bcf per well based on wells spaced at 40 and 160 acres, respectively. These recoveries are for simulated wells and are not necessarily indicative of actual results to be expected from the Company's existing wells, many of which suffered formation damage during drilling operations.

ARI's simulations show 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. These rates are also above the projected gas production rates of 1 to 2 MMcfd projected for future horizontal wells by Netherland Sewell in June 2007. The ARI data includes information gathered from additional wells drilled subsequent to the Netherland Sewell report. The ARI simulations show peak production rates of .3 to .5 MMcfd from vertical wells drilled on 80-acre spacing.

"This is great news," said Michael R. McElwrath, CEO and President of Far East. "We certainly hope we are approaching the estimated desorption pressure, and the potential values for both peak daily production per well and for ultimate gas recovery per well indicate significant upside for the project. We are gratified that this four-month long analysis by ARI, which is based upon the data from new wells and upon much more information than was available to Netherland Sewell, has resulted in an optimistic analysis." The ARI simulations also continue to reflect high permeability ranging from 80 to 120 millidarcies, and very high gas content of approximately 500 standard cubic feet (scf) per ton. As Netherland Sewell previously noted, "CBM reservoirs with higher permeability have the ability to outperform CBM reservoirs with lower permeability if the coal can be adequately dewatered. Higher permeability allows wells to maintain their production rates for longer time periods enabling higher gas recoveries from wider spaced wells in shorter periods of time." The full text of the Advanced Resources International, Inc., report, which contains further information and qualifications, may be found on the website of Far East Energy at

Advanced Resources International (ARI) is a research and consulting firm providing services related to unconventional gas (coalbed methane - CBM, gas shales, tight sands), enhanced oil recovery (EOR), and carbon sequestration (CO2 sequestration).

ARI's services bring together depth of experience, industry insights and analytic capabilities for the benefit of our worldwide clientele. Our clients include major, independent and national oil and gas companies, coal producers and utilities, technology and service providers, legal and financial firms, research organizations, consortia and academia, policy groups, and governments.

Our team of geoscientists, engineers, and business and policy analysts provide services that include geologic and engineering studies, project feasibility studies, pilot project implementation and management, strategic planning and market research, policy analysis, and technology research.

11/16/2015 0.0003 0.0003 0.0002 0.0002 3,614,250
11/13/2015 0.0004 0.0004 0.0003 0.0003 3,275,100
11/12/2015 0.0005 0.0007 0.0003 0.0003 16,281,990
11/11/2015 0.0028 0.0028 0.0004 0.0006 77,352,920
11/10/2015 0.0132 0.0134 0.0026 0.0032 26,644,760
11/09/2015 0.0121 0.022 0.0114 0.013 1,866,074,%20future%20of%20the%20russian%20energy%20coal%20market.pdf

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Current Price
Bid Ask Day's Range
#3227  Sticky Note The company owns near One Hundred and Ten Value_Investor 05/01/16 06:07:04 PM
#4516   Never going to happen MinnesotaWolf 08/23/16 04:44:36 PM
#4515   FEECQ only has less than 100M shares FIXED Value_Investor 08/23/16 04:34:27 PM
#4514   PLEASE HOLD ON TO YOUR SHARES!we could make greekgal72 08/23/16 03:56:31 PM
#4513   buying 250mil shares,this week all or check greekgal72 08/23/16 03:50:43 PM
#4511   $10K is a boatload of shares. Go in trading.jeff 08/23/16 03:26:11 PM
#4510   only 2 weeks before I have those 10k greekgal72 08/23/16 03:17:13 PM
#4509   Should I buy $10,0000 worth?or close out and greekgal72 08/23/16 03:14:10 PM
#4508   $FEECQ I don't remember when the last ask trading.jeff 08/23/16 02:09:45 PM
#4507   Folks here, as I can tell no more Value_Investor 08/19/16 12:43:34 PM
#4506   The sales at 0.0002s are dried out now Value_Investor 08/18/16 04:40:29 PM
#4505   $FEECQ These little nibbles at .0002, along with trading.jeff 08/15/16 03:53:42 PM
#4504   With the same amount of $10,000 cash one Value_Investor 08/15/16 12:06:43 PM
#4503   If we see 100M shares of Slapping volumes Value_Investor 08/14/16 02:42:32 PM
#4502   READY TO SEE FEECQ GAP UP TO MULT-PENNIES...HUGE halbroke1 08/14/16 12:45:34 PM
#4501   10.55M-0.0002 x 1.92M-0.0003. The next ask is 750K-0.0004. Value_Investor 08/12/16 04:16:08 PM
#4500   10.555M-0.0002 x 2.877M-0.0003. The next ask is 10K-0.0010. Value_Investor 08/11/16 10:02:48 AM
#4499   Wasn't no share whack today, That's a BIG C.G.B Spender 08/10/16 03:16:26 PM
#4498   $FEECQ Ask is thin as heck, as it's trading.jeff 08/08/16 03:31:33 PM
#4496   19.79M-0.0002 x 1.97M-0.0003. The next two asks are Value_Investor 08/08/16 10:29:12 AM
#4495   lucky u only did $100...ive been on a greekgal72 08/07/16 11:55:22 AM
#4494   I've invested only $100 on $FEECQ at .0003. trading.jeff 08/07/16 11:47:23 AM
#4491   FEECQ is the Cheapest (i.e. the Lowest Market Value_Investor 08/05/16 04:59:34 PM
#4490   On the bright side when it falls from runncoach 08/05/16 03:47:55 PM
#4489   21.79M-0.0002 x 2.97M-0.0003 now. The next two asks Value_Investor 08/05/16 02:19:14 PM
#4488   Sure do.... C.G.B Spender 08/04/16 05:09:54 PM
#4487   Paint job here, That's all it was C.G.B Spender 08/04/16 04:29:00 PM
#4486   $FEECQ .0003s tapped, nHOD; patience needed, as you say. trading.jeff 08/04/16 02:21:49 PM
#4485   The bids size increased by 5M shares now Value_Investor 08/04/16 02:20:18 PM
#4484   Up 50% so far! 24.79M-2 x 3.11M-3 now. Value_Investor 08/04/16 02:15:20 PM
#4483   Wait patiently --- FEECQ just hit 0.0006 a Value_Investor 08/04/16 01:05:32 PM
#4482   $FEECQ No one wants to slap .0003s? Less trading.jeff 08/04/16 01:01:34 PM
#4481   Welcome to the board! The same CH7 Q Value_Investor 08/04/16 12:22:50 PM
#4480   The previous Bottom $0.012 should be easy to Value_Investor 08/04/16 11:33:25 AM
#4479   Any evidence? A pipe dream? 100% Misleading Info.! Value_Investor 08/04/16 11:07:50 AM
#4478   I wish the heavy-speculated "delisting" cause an huge Value_Investor 08/04/16 10:45:28 AM
#4475   If anyones here think of misleading "delisting" then Value_Investor 08/04/16 10:10:49 AM
#4474   Meaning of "Need to File Claims" document LouisDesyjr 08/04/16 09:37:00 AM
#4473 FreezeThese 08/04/16 09:22:02 AM
#4472   agreed..delisting is near greekgal72 08/04/16 04:04:52 AM
#4471   FEECQ will run to 1.00 Pocket9s 08/03/16 11:41:01 PM
#4470   Yes, it was... And next up is no C.G.B Spender 08/03/16 10:24:37 PM
#4469   100% Correct, There's nothing here, Only debt that C.G.B Spender 08/03/16 10:23:26 PM
#4468   Another Bankrupt trip zero turd, I'll do some C.G.B Spender 08/03/16 10:18:51 PM
#4467   Correct, This is another trip zero bankrupt turd... C.G.B Spender 08/03/16 10:04:00 PM
#4466   100% Wrong from the chart below! Most of Value_Investor 08/03/16 07:08:22 PM
#4465   It seems an huge sell-off will kick in Value_Investor 08/03/16 06:52:40 PM
#4460   No, I didn't see that at all from Value_Investor 08/03/16 05:54:26 PM
#4458   Wasn't this said about .0002, also, especially when trading.jeff 08/03/16 05:39:33 PM
#4457   Value of receivable LouisDesyjr 08/03/16 05:32:21 PM
#4456   A pipe dream to expect this hidden gem Value_Investor 08/03/16 05:24:22 PM