Far East Energy Corp. (fka FEECQ)

[hebercreeper]

Was looking back at CBM block sales and reminded of the Dart sale of Liulin block last year.

http://www.1derrick.com/dart-exits-liulin-cbm-block-in-china/8994/

Dart Energy has entered into an agreement to sell 100% of its wholly owned subsidiary in Singapore, Dart Energy (FLG), to China Oil HBP Science & Technology Corporation. Dart will receive approximately $20.8 million in cash from the transaction. Dart Energy (FLG) will rescind the 50% stake in Fortune Liulin Gas, a Hong Kong-based company, which in turn holds a 50% interest in the Liulin PSC, China. The Liulin Block is a coal bed methane (CBM) project covering 183 sq km and is located in the eastern part of the Ordos Basin, about 500 km southwest of Beijing. The Liulin Block is estimated to have 28.9 Bcf of 2P reserves.

Shouyang 2P reserves are 439.9 Bcf, and that really doesn't include the larger Area B.