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Far East Energy (FEEC)

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Last Post: 7/23/2015 8:33:10 AM - Followers: 70 - 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
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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
FEEC News: Current Report Filing (8-k) 06/29/2015 05:16:45 PM
FEEC News: Far East Energy Provides Updates on Production and Sales, Blackout Period and Debt Maturity Extensions 06/03/2015 07:00:00 AM
FEEC News: Current Report Filing (8-k) 06/02/2015 05:02:12 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
#2451   $FEEC: Far East Energy Announces An Extension Of surfer44 01/15/15 03:19:58 PM
#2450   Looks like someone is interested in keeping the Never_Post 01/06/15 02:26:26 PM
#2449   Far East Energy Announces Further Extension Of Existing powerbattles 01/05/15 04:43:02 PM
#2448   Your post sums it up in a nutshell :-) surfer44 01/05/15 04:20:11 PM
#2447   It's certainly possible. While "hope" has no fawnpass 01/05/15 03:24:54 PM
#2446   By only having a 2 week extension, as MAKEPROFIT1 12/31/14 12:55:23 PM
#2445   $FEEC: Far East Energy Announces Further Extension Of surfer44 12/31/14 12:45:37 PM
#2444   $FEEC: Far East Energy Announces Further Extension Of surfer44 11/29/14 08:34:34 PM
#2443   $NATGAS has been on fire in recent weeks, SPM555 11/19/14 01:12:32 PM
#2442   This is the only China clean energy/pollution play hebercreeper 11/12/14 11:35:42 AM
#2441   The power plant that is being opened doesn't hebercreeper 11/10/14 01:02:36 PM
#2440   The power plant that is being opened doesn't Shenfein 11/09/14 09:59:35 PM
#2439   Interesting article. They are reporting this about hebercreeper 11/07/14 06:26:24 PM
#2438   Who's watching L2? Fun game proving TDA hebercreeper 11/07/14 04:00:06 PM
#2437   China-focused CBM developer extends bank loan Shenfein 11/07/14 10:47:57 AM
#2436   Letter Agreements On November 3, 2014, the Company entered hebercreeper 11/06/14 04:38:14 PM
#2435   Producing but not enough as we know dshade 11/06/14 09:19:35 AM
#2434   $FEEC: Quarterly Report surfer44 11/06/14 08:43:49 AM
#2433   Maybe a combination of more supply, less demand, surfer44 11/01/14 04:48:49 PM
#2432   Hey Surfer, I just wanna get your 2 NapaCab_Tony 11/01/14 04:19:11 PM
#2431   Still interesting here. dshade 10/30/14 03:05:17 PM
#2430   Far East Energy Announces Further Extension of Existing powerbattles 10/30/14 01:18:16 PM
#2429   Thanks for the link. Really goes to runncoach 10/23/14 07:32:01 AM
#2428   Link from prior post: hebercreeper 10/22/14 11:55:14 PM
#2427   Blog post from Platt's regarding the Enviro Energy/CNPC hebercreeper 10/22/14 11:54:12 PM
#2426   14th Annual US/China Oil & Gas Forum was hebercreeper 10/17/14 11:54:08 PM