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Far East Energy Corp. (FEECQ)

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Last Post: 6/27/2016 8:53:54 PM - Followers: 88 - 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
#3973   Yep lunch money sellers getting absorbed. ChartMasterpieces 06/27/16 08:53:54 PM
#3972   Penny bound IMO! ChartMasterpieces 06/27/16 08:52:55 PM
#3971   FEECQ IS READY TO ROCK...IT BREAKS .001+ AND halbroke1 06/27/16 07:37:01 PM
#3970   As I can tell from the Level2: that Value_Investor 06/27/16 04:10:03 PM
#3969   FEEC has zero cash and asset is lost runncoach 06/27/16 04:09:16 PM
#3968   $FEECQ Good to see the .0005s holding despite trading.jeff 06/27/16 04:02:43 PM
#3967   Yes, Sir.! Huge accumulations at 0.0004s during the Value_Investor 06/27/16 02:42:02 PM
#3966   FEECQ ABOUT TO BLOW UP $$$$$ halbroke1 06/27/16 02:39:55 PM
#3965   Wow, FEECQ is up 66.67% so far! Very Value_Investor 06/27/16 02:38:28 PM
#3964   $FEECQ .0005s, nHOD, 1.6M shares remain. trading.jeff 06/27/16 02:35:19 PM
#3963   Nice action! Now only one MM asks 1M Value_Investor 06/27/16 02:11:12 PM
#3962   CSTI has moved its offer to .0005. I trading.jeff 06/27/16 02:03:22 PM
#3961   Agree. 001 is very possible with any sort Garyst 06/27/16 01:22:20 PM
#3960   Based on the current asks of Level2, FEECQ Value_Investor 06/27/16 01:20:00 PM
#3959   We need one of those 10-15 million volume Garyst 06/27/16 01:15:18 PM
#3958   True. It won't take much though. Garyst 06/27/16 01:14:33 PM
#3957   Obviously someone was trying to buy 25K shares Value_Investor 06/27/16 01:08:39 PM
#3956   $FEECQ Yeah, .00039 must be the new .0004. trading.jeff 06/27/16 12:57:49 PM
#3955   FEECQ just hit the higher high 0.00039 with Value_Investor 06/27/16 12:52:12 PM
#3954   Yes. The next ask is 350K asking at Value_Investor 06/27/16 12:42:50 PM
#3953   $FEECQ The .0004s need to get slapped. A trading.jeff 06/27/16 11:48:54 AM
#3952   Just 1.2 million left at 0004. On vacation Garyst 06/27/16 11:31:53 AM
#3951   FEECQ is up 16.67% so far! 2.35M-0.0003 x Value_Investor 06/27/16 11:30:12 AM
#3950   That was at $90 oil, before Jennifer had integral 06/27/16 10:49:10 AM
#3949   FEECQ has $4.05M Huge Cash and $109.616M Giant Value_Investor 06/27/16 09:57:04 AM
#3948   $FEECQ Very nice. If this isn't excellent accumulation, trading.jeff 06/26/16 04:01:23 PM
#3947   Totally 8,545,700 shares bought at 0.0004s v.s. measly Value_Investor 06/26/16 02:09:29 PM
#3946   Agree and it is thin to the upside Garyst 06/25/16 10:02:52 PM
#3945   Nobody was selling except 720 shares manipulated by Value_Investor 06/25/16 05:17:56 PM
#3944   Nobody is buying Choicesound 06/25/16 05:16:19 PM
#3943   In a USA stock market Crash day FEECQ Value_Investor 06/25/16 02:33:25 PM
#3942   Obviously no more weak hand's sale at 0.0003s! Value_Investor 06/24/16 07:38:07 PM
#3941   License to the asset expires in a week runncoach 06/24/16 06:36:45 PM
#3940   I'm in a few others like that too. Garyst 06/24/16 04:15:28 PM
#3939   $FEECQ No trades yesterday. Today, one trade at trading.jeff 06/24/16 04:14:24 PM
#3938   Agree. Crazy stuff seeing these low of prices Garyst 06/24/16 03:29:36 PM
#3937   LOL, FEECQ has $109.616M Giant Asset and $4.05M Value_Investor 06/24/16 03:27:14 PM
#3936   As I can tell 0.0004 is the Lowest Value_Investor 06/24/16 10:16:39 AM
#3935   $FEECQ Where are the ask slappers? Yesterday there trading.jeff 06/24/16 10:06:36 AM
#3934   4.16M-0.0003 x 1M-0.0004 now. The next ask is Value_Investor 06/24/16 09:45:08 AM
#3933   Two MMs (NITE and CSTI) moved down their Value_Investor 06/23/16 11:27:51 AM
#3932   Back to 4.16M-0.0003 x 3M-0.0005 now. The next Value_Investor 06/23/16 10:41:56 AM
#3931   Possible since FEECQ has Three Continuous Slapping days Value_Investor 06/22/16 03:45:16 PM
#3930   $FEECQ MM CDEL has a 10K on the trading.jeff 06/22/16 03:36:40 PM
#3929   Yes. Because over 1.19M shares Slapped at the Value_Investor 06/22/16 03:34:27 PM
#3928   Nice to see .0003x.0005 went to .0004x.0005 instead trading.jeff 06/22/16 03:27:06 PM
#3927   Sure. 0.0004 x 0.0005 now. The bid is Value_Investor 06/22/16 03:24:19 PM
#3926   Very thin. Just needs a few hits. Garyst 06/22/16 03:20:52 PM
#3925   Just $1,500 worthy share-Slapping actions will push FEECQ Value_Investor 06/22/16 02:39:34 PM
#3924   Not many at all left at 0005 Garyst 06/22/16 02:22:54 PM