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Far East Energy (FEEC)

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Last Post: 8/20/2014 7:40:06 PM - Followers: 71 - 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.

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Current Price
Bid Ask Day's Range
FEEC News: Quarterly Report (10-q) 08/06/2014 04:46:11 PM
FEEC News: Current Report Filing (8-k) 07/11/2014 09:00:21 AM
FEEC News: Far East Energy Announces a Further 2 Month Extension of the Existing Loan Facility; Updates on July Production 07/11/2014 08:30:00 AM
FEEC News: Far East Energy Announces a Further 2 Month Extension of the Existing Loan Facility; Updates on July Production 07/11/2014 08:30:00 AM
FEEC News: Far East Energy Announces a Further 2 Month Extension of the Existing Loan Facility; Updates on July Production 07/11/2014 08:30:00 AM
#2194  Sticky Note FEEC Gas Production Surpasses 2.25 Million Per Day, dshade 05/07/14 03:37:19 PM
#2392   China to Raise Nonresidential Natural-Gas Prices hebercreeper 08/20/14 07:40:06 PM
#2391   EIA: China to increase natural gas consumption, investment hebercreeper 08/20/14 07:38:46 PM
#2390   Far East Energy Announces Second Quarter Results And Shenfein 08/07/14 01:00:32 PM
#2389   Yes, nothing really new in the 10q, aside hebercreeper 08/06/14 08:19:16 PM
#2388   now bring the JV or sale of block info dshade 08/06/14 05:14:57 PM
#2387   10q dshade 08/06/14 05:02:19 PM
#2386   FEEC holders have been so abused that we hebercreeper 08/05/14 04:45:21 PM
#2385   all these positive vibes can't fail! buy out dshade 08/05/14 04:37:07 PM
#2384   Could be. runncoach 08/05/14 04:33:20 PM
#2383   No it wouldn't IMO. You would still runncoach 08/05/14 04:30:59 PM
#2382   Maybe but it happens every single day. runncoach 08/05/14 04:27:49 PM
#2381   I'm starting to expect a bad farm out hebercreeper 08/05/14 04:25:13 PM
#2380   IF there's a good farm out, THEN this dshade 08/05/14 04:23:48 PM
#2379   But it someone had a giant load to hebercreeper 08/05/14 04:20:50 PM
#2378   been here .05 then .20 then .10 then dshade 08/05/14 04:20:34 PM
#2377   If someone was shorting the stock they wouldn't runncoach 08/05/14 04:19:07 PM
#2376   oh I put plenty on the CEO as well dshade 08/05/14 04:18:48 PM
#2375   Blaming shorts is a losers game. People runncoach 08/05/14 04:17:55 PM
#2374   nope. short plays the doubt. thanks though dshade 08/05/14 04:06:57 PM
#2373   No they aren't. People just want the runncoach 08/05/14 04:05:19 PM
#2372   I'll agree it looks like someone is playing hebercreeper 08/05/14 11:31:16 AM
#2371   that is how he has been playing it dshade 08/05/14 10:54:28 AM
#2370   Wow, you're talking about Carson Block's thesis for hebercreeper 08/05/14 10:51:42 AM
#2369   why do you deny the short on Standard dshade 08/05/14 10:46:30 AM
#2368   Oh yes, those rascally shorts & manipulating market hebercreeper 08/05/14 10:42:01 AM
#2367   short still works hard here while we wait dshade 08/05/14 09:54:56 AM
#2366   Was looking back at CBM block sales and hebercreeper 08/04/14 02:23:57 PM
#2365   From late April, shortly before this talk of hebercreeper 08/04/14 01:37:05 PM
#2364   a lot of stocks are down. might add surfer44 07/31/14 01:28:41 PM
#2363   this sure seems over sold. but trying to dshade 07/31/14 01:18:45 PM
#2362   I've never seen such an event-driven situation as surfer44 07/29/14 02:09:58 PM
#2361   hard to imagine they will not get a dshade 07/29/14 09:57:55 AM
#2360   FEEC peer Sino Oil & Gas swings to hebercreeper 07/29/14 09:57:02 AM
#2359   June 2014 presentation on status & Development of hebercreeper 07/28/14 03:54:09 PM
#2358   Some nice color on Chinese CBM industry: hebercreeper 07/28/14 01:45:48 PM
#2357   Please just wake me when this turd is hebercreeper 07/28/14 12:38:08 AM
#2356   volume up surfer44 07/24/14 01:26:32 PM
#2355   The last thing we want is Mike borrowing hebercreeper 07/22/14 11:33:15 AM
#2354   Looks like SINO picked up a new and runncoach 07/22/14 07:20:10 AM
#2353   FEEC- please just sell the company Mike. The hebercreeper 07/21/14 11:14:37 PM
#2352   Meanwhile, Green Dragon Gas CEO gave an interesting hebercreeper 07/21/14 11:09:39 PM
#2351   I ran out of cash today so I surfer44 07/21/14 06:46:35 PM
#2350   but that short is really trying hard dshade 07/21/14 03:54:46 PM
#2349   another day closer to a deal dshade 07/21/14 03:35:53 PM
#2348   not aon, just standard limit hebercreeper 07/17/14 02:56:28 PM
#2347   interesting... hints that there is stealthy accumulation going sahd3g 07/17/14 10:18:54 AM
#2346   Short attack? I think it was just hebercreeper 07/16/14 05:26:19 PM
#2345   quite an end of day short attack there dshade 07/16/14 03:59:53 PM
#2344   all good from here I think. dshade 07/14/14 10:11:39 AM
#2343   Re The old wells being shut in. hebercreeper 07/12/14 01:55:58 AM