The end of FEEC!!!!! let turn off the light.
On November 10, 2015, Far East Energy Corporation (the “Company”) commenced a bankruptcy case (the “Chapter 7 Case”) by filing a voluntary petition for relief under the provisions of chapter 7 of title 11 of the United States Code, 11 U.S.C. §§ 101 et seq. (the “Code”) in the United States Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”). The Chapter 7 Case is entitled “In re Far East Energy Corporation.” As a result of the filing of the Chapter 7 Case, a Chapter 7 trustee will be appointed by the Bankruptcy Court and will assume control of the Company. The assets of the Company will be liquidated in accordance with the Code. The Company’s board of directors, after spending considerable time and effort attempting to sell or restructure the Company and not being successful, concluded that no viable options remained for implementing a restructuring, or obtaining financing, and that the Chapter 7 case was the only alternative available.
