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Far East Energy Corp. (FEECQ)

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Last Post: 5/23/2016 11:04:20 PM - Followers: 80 - 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
#3483   Very true. FEECQ held well today. Garyst 05/23/16 11:04:20 PM
#3482   The good news is: FEECQ is still holding Value_Investor 05/23/16 10:50:22 PM
#3481   Yup. Just a quiet day out there today Garyst 05/23/16 03:42:22 PM
#3480   Yes. FEECQ just needs some Slapping volumes at Value_Investor 05/23/16 02:52:18 PM
#3479   It is very thin for a triple 0 Garyst 05/23/16 02:16:33 PM
#3478   Yes. Hopefully as the asks of Level2 have Value_Investor 05/23/16 01:58:19 PM
#3477   0005 up with under 3 mil there. Garyst 05/23/16 01:44:21 PM
#3476   No more! Now all the three asking MMs Value_Investor 05/23/16 12:54:44 PM
#3475   0.0004 x 0.0005 again! CDEL is gone from Value_Investor 05/23/16 12:46:02 PM
#3474   CDEL was showing his hand for a few trading.jeff 05/23/16 12:43:01 PM
#3473   Not many 0.0004s left now --- only 164,700 Value_Investor 05/23/16 11:59:00 AM
#3472   Yup. There is 164k and then 10k showing. Garyst 05/23/16 11:35:53 AM
#3471   174k 0004, 1.4 mil 0005, 100k 0006 and Garyst 05/23/16 11:35:15 AM
#3470   Yes. Only 174,720 shares left at 0.0004 now... Value_Investor 05/23/16 11:34:15 AM
#3469   Couple left 004 now. Garyst 05/23/16 11:31:09 AM
#3468   Again, there is No any diluting MM here! Value_Investor 05/23/16 11:18:13 AM
#3467   Very nice slapping actions at 0.0004s! Value_Investor 05/23/16 11:14:52 AM
#3466   True. That is always the million dollar question Garyst 05/23/16 11:10:32 AM
#3465   I'd like to know what NITE has hidden trading.jeff 05/23/16 11:08:17 AM
#3464   0004 X 0005 now with only 1.4 mil Garyst 05/23/16 11:06:44 AM
#3463   2.1M-0.0003 x 1.3M-0.0004 now. The next ask is Value_Investor 05/23/16 10:29:36 AM
#3462   What does the L2 look like? I got GenericGatsby 05/23/16 10:12:43 AM
#3461   Yes. Just look at another Q stock with Value_Investor 05/22/16 10:37:58 PM
#3460   FEECQ SHOULD EXPLODE...SHOULD BE AT .02+..AND MERGER WITH halbroke1 05/22/16 03:31:24 PM
#3459   FEECQ ,, ABOUT TO MOVE wochsac 05/22/16 03:10:14 PM
#3458   I've learned and just in the last few FUBAR 05/20/16 06:19:59 PM
#3457   Nice to hear that! If all the buyers Value_Investor 05/20/16 05:51:29 PM
#3456   Yup. I'm still here. FUBAR 05/20/16 05:42:56 PM
#3455   Those shares will be gone on Monday. Glad Value_Investor 05/20/16 05:25:10 PM
#3454   FEECQ are traded at 0.00042 ~ 0.0004 today Value_Investor 05/20/16 04:25:32 PM
#3453   You too, buddy! Hopefully that asking MM changes Value_Investor 05/20/16 03:50:23 PM
#3452   True. It is always changing. Have a good Garyst 05/20/16 03:44:10 PM
#3451   $FEECQ Nice 900K-share ask slap on .0004; ~1.1M trading.jeff 05/20/16 03:40:48 PM
#3450   It could be less. I just estimated based Value_Investor 05/20/16 03:40:36 PM
#3449   Fridays though from here on thru Summer are Garyst 05/20/16 03:34:00 PM
#3448   Yeah. The bids size was increased to near Value_Investor 05/20/16 03:32:27 PM
#3447   True or even maybe less than that amount. Garyst 05/20/16 03:26:08 PM
#3446   0004 bidding now with only 2.1 mil @ 0005 Garyst 05/20/16 03:16:53 PM
#3445   No any sale at 0.0003 at all for Value_Investor 05/20/16 01:28:19 PM
#3444   FEECQ is Up 5% at 0.00042 now! 0.0004 Value_Investor 05/20/16 01:19:01 PM
#3443   No. I didn't pay my attention to that! Value_Investor 05/20/16 12:48:59 PM
#3442   Have you noticed that a number of MMs trading.jeff 05/20/16 12:40:24 PM
#3441   Volume is very important, especially those strong Slapping Value_Investor 05/20/16 12:35:12 PM
#3440   Very true. Most triple 0 tickers have 50 Garyst 05/20/16 12:01:17 PM
#3439   No problem. It's all about volume. Garyst 05/20/16 12:00:22 PM
#3438   Yes. As thin as it can for a Value_Investor 05/20/16 11:55:58 AM
#3437   Hey I appreciate the help. I'll definitely check GenericGatsby 05/20/16 11:55:29 AM
#3436   FEECQ just a mere 500k left at 0004. Garyst 05/20/16 11:47:36 AM
#3435   We've all been there a few times. Garyst 05/20/16 11:46:59 AM
#3434   Definitely since FEECQ is an hidden gem with Value_Investor 05/20/16 11:46:20 AM