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Far East Energy (FEEC)

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Last Post: 10/8/2015 8:13:52 AM - Followers: 69 - 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) 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
FEEC News: Current Report Filing (8-k) 07/02/2015 05:02:12 PM
#2501   That's the risk that few seem to understand runncoach 10/08/15 08:13:52 AM
#2500   It means squat if the SEC invokes Section integral 10/07/15 08:00:54 PM
#2499   FEEC: Loan Agreement Amendment surfer44 10/07/15 05:54:07 PM
#2498   From the PR on July 22nd they are MAKEPROFIT1 10/01/15 12:37:27 PM
#2497   It is only a matter of time Enforcement integral 09/30/15 11:08:26 PM
#2496   I wish I knew. Shareholders deserve a runncoach 09/30/15 05:50:11 PM
#2495   Not a bad deal. "Repayment Date" means March powerbattles 09/30/15 04:20:44 PM
#2494   FEEC: New Loan Agreement surfer44 09/30/15 09:28:53 AM
#2493   Why is the issuer not filing the 10K, integral 09/29/15 06:50:09 PM
#2492   You got that right..This stock is only for guardiangel 09/13/15 12:21:43 PM
#2491   Yeah and was supposed to only be a runncoach 09/11/15 06:41:27 PM
#2490   (the “Thirteenth Extension Agreement”) Totally a joke. powerbattles 09/11/15 05:49:38 PM
#2489   FEEC: Update On Production And Sales And Extension surfer44 09/11/15 09:15:58 AM
#2488   A lot of volume today. Perhaps a deal MAKEPROFIT1 08/17/15 03:58:15 PM
#2487   I have no idea what Ashmore has up crazykuma09 08/10/15 08:55:14 PM
#2486   I guess one can hope. I personally runncoach 08/10/15 04:34:52 PM
#2485   Of course I would not say that any crazykuma09 08/10/15 03:27:14 PM
#2484   So you're saying Ashmore can't call default on runncoach 08/10/15 02:06:37 PM
#2483   Impossible, Ashmore has no rights to the crazykuma09 08/10/15 01:21:45 PM
#2482   Good point. surfer44 08/08/15 04:28:26 PM
#2481   Let's face it. If there's any urgency runncoach 08/08/15 03:58:50 PM
#2480   That's my take also. There is a constant surfer44 08/08/15 02:45:42 PM
#2479   Getting an audit done tells me a "deal" MAKEPROFIT1 08/08/15 02:28:42 PM
#2478   Indeed. Close the deal. dshade 08/06/15 04:45:52 PM
#2477   I'm at full position and in nibble mode. surfer44 08/06/15 04:41:59 PM
#2476   might be decent spot in here to load up... dshade 08/06/15 04:30:03 PM
#2475   You're welcome. surfer44 07/23/15 08:33:10 AM
#2474   thanks dshade 07/23/15 08:26:39 AM
#2473   FEEC: Engaged Its Accounting Firm To Conduct Audit; surfer44 07/22/15 10:29:41 PM
#2472   FEEC: Amendment To Loan Agreement surfer44 07/20/15 05:53:41 PM
#2471   FEEC: New Loan Agreement And A Loan Extension surfer44 06/29/15 05:48:42 PM
#2470   Has anybody seen, or know of any reason MAKEPROFIT1 06/11/15 10:59:09 AM
#2469   FEEC: Update On Production And Sales, Blackout Period, surfer44 06/03/15 08:40:19 PM
#2468   They are in talks with other parties. Maybe surfer44 06/03/15 02:14:48 AM
#2467   Can't believe PPS dropping to this low level. powerbattles 06/03/15 01:07:16 AM
#2466   FEEC: Extension Of Loan To July 3,2015 surfer44 06/02/15 06:24:11 PM
#2465   FEEC: Extension Of Existing Loan Facility surfer44 05/01/15 09:06:31 AM
#2464   Maybe now they will have money to pay MAKEPROFIT1 04/09/15 07:52:45 PM
#2463   FEEC: Term Loan Facility Agreement surfer44 04/09/15 06:31:27 PM
#2462   FEEC: Update On Production, Sales, And Loan Facility surfer44 04/03/15 01:21:12 AM
#2461   They are filing late because they don't have MAKEPROFIT1 04/02/15 04:29:50 PM
#2460   FEEC: Annual Report Will Be Late surfer44 04/01/15 07:27:25 PM
#2459   FEEC: Extension Of Loan surfer44 04/01/15 07:20:40 PM
#2458   FEEC: Subsidiary Relinquishes Certain Rights surfer44 03/18/15 05:33:28 PM
#2457   The FEEC PR was retracted. Probably a mistake. surfer44 03/02/15 02:24:43 PM
#2456   Somebody released an old Feb.20 PR from FEEC. surfer44 03/02/15 02:19:25 PM
#2455   $FEEC: Far East Energy Announces Term Loan Facility surfer44 02/27/15 03:24:52 PM
#2454   $FEEC: Extension PR surfer44 02/20/15 09:08:33 AM
#2453   $FEEC: Extension Of Facility Agreement To March 31,2015 surfer44 02/19/15 10:58:24 PM
#2452   Should be hearing about $FEEC loan extension today. surfer44 02/13/15 03:26:07 PM