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Far East Energy Corp. (FEECQ)

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Last Post: 2/9/2016 1:01:50 PM - Followers: 76 - Board type: Free - Posts Today: 1

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
#3138  Sticky Note FEECQ has $109.616 Millions Dollars HUGE ASSETS which Value_Investor 02/06/16 05:12:34 PM
#3145   LOL, That stupid 10M shares seller just changed Value_Investor 02/09/16 01:01:50 PM
#3144   I think the watching and learning has already runncoach 02/08/16 04:48:23 PM
#3143   LOL! L-B, W-M, and N-T etc. bankrupt Q Value_Investor 02/08/16 10:52:03 AM
#3142   Company should be trading at less than a runncoach 02/08/16 07:59:55 AM
#3141   You can say the Same words to all Value_Investor 02/07/16 02:02:00 PM
#3140   Your 109 million in HUGE assets don't cover runncoach 02/06/16 09:00:16 PM
#3139   100% agree. It's nearly all crooked in runncoach 02/06/16 08:57:43 PM
#3138   FEECQ has $109.616 Millions Dollars HUGE ASSETS which Value_Investor 02/06/16 05:12:34 PM
#3137   Runner, this was one of the slicker scams americangambler 02/05/16 06:59:18 PM
#3136   If there was going to be a buyout runncoach 02/05/16 06:34:47 AM
#3135   LOL, Which comes first? Exiting from the bankruptcy Value_Investor 02/04/16 04:37:35 PM
#3134   LOL, If anyones think FEECQ "worth zero" then Value_Investor 02/03/16 11:20:22 AM
#3133   Which comes first, Adjudication or Revocation? integral 02/03/16 09:52:12 AM
#3132   GL to you, too! I bet FEECQ will Value_Investor 02/02/16 11:55:36 PM
#3131   dirt cheap relative to what? if to worth Yung Urban 02/02/16 09:27:27 PM
#3130   Once we start to slap those dirt cheap Value_Investor 02/01/16 03:26:20 PM
#3129   Good luck on FEECQ. I guess even the americangambler 02/01/16 12:37:33 PM
#3128   HOPE TO SEE A HUGE BREAKOUT HERE...FEECQ VERY UNDERVALUED... halbroke1 02/01/16 01:38:41 AM
#3127   The CH7 Q peer (with measly $1.346M Small Value_Investor 01/30/16 06:31:39 PM
#3126   Up 20% at 27.598M-2 x 2.229M-3 now. The Value_Investor 01/26/16 12:53:10 PM
#3125   24.23M-0.0002 x 6.31M-0.0003 now. The next ask is Value_Investor 01/22/16 10:56:31 AM
#3124   Huge bids support today --- 34,232,793 shares v.s. Value_Investor 01/21/16 12:56:11 PM
#3123   Just look on the bright side, all the integral 01/19/16 04:00:07 PM
#3122   FEECQ was Hyper Oversold most recently --- from Value_Investor 01/17/16 07:10:00 PM
#3121   What did you find so far regarding to Value_Investor 01/09/16 12:07:31 PM
#3119   LOL, 100% Nonsenses and 100% MISLEADING Statements! If Value_Investor 01/08/16 02:55:44 PM
#3118   Check the Level2: that stupid seller still ask Value_Investor 01/07/16 11:52:49 AM
#3117   Only way Q comes off is when this runncoach 01/06/16 01:14:13 PM
#3116   Not true! Th CH7 Q peer (converted from Value_Investor 01/06/16 12:48:34 PM
#3115   I wish that is true! Obviously the seller Value_Investor 01/05/16 10:43:08 AM
#3114   It is not there anymore apocalypsenow73 01/04/16 12:56:21 PM
#3113   The only thing bother me is: someone ask Value_Investor 01/04/16 12:13:18 PM
#3112   Will be no PR. PR folks on runncoach 01/03/16 07:39:47 AM
#3111   HOPE WE SEE THE HUGE RISE NEXT WEEK....BIG halbroke1 01/02/16 09:35:40 PM
#3110   Huge Gap 0.012 ~ 0.0007 here means potential Value_Investor 01/02/16 02:03:33 PM
#3109   There is no new management and the assets runncoach 01/02/16 09:43:34 AM
#3108   FEECQ has the Huge Assets which implies huge Value_Investor 01/01/16 02:48:48 PM
#3107   HOPE BIG FEECQ NEWS IS REALLY CLOSE..HOPE NEW halbroke1 01/01/16 02:44:33 PM
#3106   I thought the bids support at 0.0002 would Value_Investor 01/01/16 01:59:50 PM
#3105   No I got you. When I say runncoach 01/01/16 09:33:35 AM
#3104   Management did not "walk away", they were removed integral 01/01/16 07:39:25 AM
#3103   Folks here, please sell your FEECQ at the Value_Investor 12/30/15 01:33:07 PM
#3102   The same to you! FEECQ is up 50% Value_Investor 12/30/15 10:45:05 AM
#3101   Good luck on that. runncoach 12/29/15 09:18:44 PM
#3100   I guess we all knew FEECQ is a Value_Investor 12/29/15 04:37:53 PM
#3099   This isn't chapter 11. No reorganization. runncoach 12/29/15 02:33:07 PM
#3098   FEECQ is up 25% so far! Only 1.756M Value_Investor 12/29/15 12:04:58 PM
#3097   LOL, What I said is how the bankruptcy Value_Investor 12/29/15 10:01:09 AM
#3096   Lol. That's not how its going to work. runncoach 12/28/15 08:25:53 PM
#3095   No. Per my decade plus "Q" experience only Value_Investor 12/28/15 03:40:27 PM