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Far East Energy Corp. (FEECQ)

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Last Post: 11/12/2015 10:05:35 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: Current Report Filing (8-k) 11/10/2015 05:23:03 PM
FEEC News: Current Report Filing (8-k) 10/07/2015 05:16:12 PM
FEEC News: Current Report Filing (8-k) 09/30/2015 08:01:04 AM
FEEC News: Current Report Filing (8-k) 09/11/2015 08:01:21 AM
FEEC News: Current Report Filing (8-k) 07/20/2015 05:02:23 PM
#2563   Bancroft , buy looking awesome .0004 M-invest 11/12/15 10:05:35 PM
#2562   Keep it coming integral. Management seemed to runncoach 11/12/15 05:07:34 PM
#2561   CFO took in $362,000 per year in total integral 11/12/15 09:53:41 AM
#2560   Sniffed this one out two months ago... integral 11/12/15 09:29:36 AM
#2559   Wtf, this was a bit of a Stef07 11/12/15 12:06:08 AM
#2558   FEEC changed to FEECQ, bankruptcy: Renee 11/11/15 04:15:28 PM
#2557   Wow! What a bobsled ride straight into hell SMResources 11/11/15 04:06:06 PM
#2556   ok, I'm still watching for a revenge trade Rainer 11/11/15 02:51:17 PM
#2555   Yeah, I understand the bk but I also SHEEPWOLF 11/11/15 02:50:06 PM
#2554   You in this? Are you not worried Rainer 11/11/15 02:44:08 PM
#2553   Mega volume surfer44 11/11/15 02:41:41 PM
#2552   Make another mansion payment before becoming unemployed? integral 11/11/15 02:08:34 PM
#2551   MAXM on top the bid now...first sighting SHEEPWOLF 11/11/15 02:07:15 PM
#2550   Somebody must have panicked. surfer44 11/11/15 02:02:55 PM
#2549   No bid right after $0.0001 and then "Symbol integral 11/11/15 02:01:28 PM
#2548   Yep, shady indeed. But you see how integral 11/11/15 01:56:50 PM
#2547   Exactly!! Cheeky 11/11/15 01:56:00 PM
#2546   I realize that, it dropped 80% yesterday and Cheeky 11/11/15 01:55:45 PM
#2545   Nice that some insiders got to sell before integral 11/11/15 01:55:41 PM
#2544   Massive volume started to hit bids well before integral 11/11/15 01:54:02 PM
#2543   OK surfer44 11/11/15 01:52:43 PM
#2542   $FEEC: -97% in 2 days...there will be some SHEEPWOLF 11/11/15 01:47:01 PM
#2541   There will be no shareholders. integral 11/11/15 01:44:46 PM
#2540   Someone is eating up these .0005s! SHEEPWOLF 11/11/15 01:44:24 PM
#2539   You see how much the CEO and CFO integral 11/11/15 01:35:47 PM
#2538   0.0001 coming!! JohnMoney 11/11/15 12:15:08 PM
#2537   I put up a bid of 50million at 0.0001 JohnMoney 11/11/15 12:09:00 PM
#2536   I think you have to look at the surfer44 11/11/15 11:55:17 AM
#2535   With assets of $50-100M, and debts of $100-500M, davidsson10 11/11/15 11:45:44 AM
#2534   watching for a possible bounce revenge trade Rainer 11/11/15 11:38:46 AM
#2533   I'm out.. I took enough pain bbestinvest 11/11/15 11:19:36 AM
#2532   American scams are just as bad, its just ErnieBilco 11/11/15 11:19:17 AM
#2531   nothing worse than a Chinese scam power_forward 11/11/15 10:58:38 AM
#2530   The sharks are swarming and when enough come ProphetofProfits 11/11/15 10:52:58 AM
#2529   ok I'm getting killed here bbestinvest 11/11/15 10:46:36 AM
#2528   everything in pennyland bounces, no matter how bad bbestinvest 11/11/15 10:05:49 AM
#2527   liquidation Ch 7 means less than zero for shareholders power_forward 11/11/15 09:33:46 AM
#2526   If the value of the asset is worth surfer44 11/11/15 08:37:33 AM
#2525   Sadly your video is 100% accurate but too Cheeky 11/11/15 08:31:36 AM
#2524   Nice way to close up shop eh, AH Cheeky 11/11/15 08:30:25 AM
#2522   Shareholders be like... alchemytrader 11/11/15 06:44:59 AM
#2521   ha you got that right/lights out! sandtrap246 11/11/15 01:38:06 AM
#2520   OK!! powerbattles 11/10/15 11:15:15 PM
#2519   Can you flip the switch plz. Cheeky 11/10/15 11:11:32 PM
#2518   This stock there was time make lot of powerbattles 11/10/15 11:10:55 PM
#2517   No turning back from Chpt. 7, fat lady Cheeky 11/10/15 11:06:47 PM
#2516   The end of FEEC!!!!! let turn off the light. powerbattles 11/10/15 11:05:25 PM
#2515   Oh it adds up, Insiders/Note Holders Dumped prior Cheeky 11/10/15 06:45:25 PM
#2514   Something doesn't add up. They have a loan surfer44 11/10/15 06:36:06 PM