Far East Energy Corp. (fka FEECQ)

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"Sales production levels have continued to increase with production being sold and delivered in accordance with the terms of the company's Gas Sales Agreement. Shutting in these targeted wells will significantly reduce our operating costs without reducing our sales. As we proceed toward full development of Shouyang, we continue to make the operations more efficient," said CEO Michael McElwrath.

Blackout Period
The Company continues in discussions with third parties and is working closely with its financial advisors to evaluate and negotiate an outcome, which could take the form of a farmout or an outright sale of the Company. Due to these discussions, the Company has enacted a blackout period, which precludes management and insiders from trading in shares of the Company during such a period. This will allow the Company's board members to consider an event or events that may occur that are material and known only to the directors and/or certain executives. The Company will terminate the blackout period when events warrant.

The Company is mindful of its shareholders and the investments they have made in the Company, and the Company is committed to advising shareholders at appropriate times as developments progress.