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Far East Energy Corp. (fka FEECQ)

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Last Post: 3/22/2017 12:54:38 PM - Followers: 64 - 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 www.fareastenergy.com.

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.

11/16/2015 0.0003 0.0003 0.0002 0.0002 3,614,250
11/13/2015 0.0004 0.0004 0.0003 0.0003 3,275,100
11/12/2015 0.0005 0.0007 0.0003 0.0003 16,281,990
11/11/2015 0.0028 0.0028 0.0004 0.0006 77,352,920
11/10/2015 0.0132 0.0134 0.0026 0.0032 26,644,760
11/09/2015 0.0121 0.022 0.0114 0.013 1,866,074


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#4713   The Grey-Sheet stock stock is still trade-able (such Value_Investor 03/22/17 12:54:37 PM
#4712   there are countless amounts of tickers from the greekgal72 02/12/17 11:48:23 AM
#4711   ok thanks what a f@cking waste bought 2mil greekgal72 02/12/17 11:45:58 AM
#4710   The company's stock trading is 100% dead legally. integral 02/08/17 04:53:32 PM
#4709   It's 100% dead. In my account, its value trading.jeff 02/08/17 02:23:58 PM
#4708   Pretty sad for sure. I think I runncoach 02/07/17 05:37:12 PM
#4707   Don't forget the CEO and CFO's employment agreement. integral 02/07/17 04:38:39 PM
#4706   Sorry Jeff. I understand. It is integral 02/07/17 04:36:58 PM
#4705   is there anyone the buys delisted securities for greekgal72 02/07/17 10:32:15 AM
#4704   jeff is there any chance at all for greekgal72 02/07/17 10:30:32 AM
#4703   Probably on the gray sheets. trading.jeff 02/07/17 10:27:37 AM
#4702   someone sold 300k shares @.0001 on 2/3 and greekgal72 02/07/17 10:14:49 AM
#4701   Be thankful that's all you had. Some runncoach 02/07/17 09:30:37 AM
#4700   I had only $100 in this POS. I trading.jeff 02/07/17 08:50:01 AM
#4699   The time has come. integral 02/06/17 02:32:12 PM
#4698   FEECQ revoked: Renee 02/06/17 09:34:08 AM
#4697   Why people still buying? LouisDesyjr 12/27/16 02:54:38 PM
#4696   sure, I'll sell you my 1.7 million at D1G1T4L 12/27/16 01:26:47 PM
#4695   i am a beginner at this and i Sorny 12/27/16 12:53:34 PM
#4694   Somethin's up ChartMasterpieces 12/24/16 12:31:18 AM
#4693   That is what I thought, thanks. integral 12/11/16 06:58:38 PM
#4692   Imminently, Integral.....ticky tocky. :-D Renee 12/11/16 06:44:54 PM
#4691   When do you anticipate the 12(j)? integral 12/11/16 06:39:27 PM
#4690   SEC Suspensions are for exactly 10 market days. Renee 11/18/16 10:28:41 AM
#4689   No longer suspended I don't think. Grey market. D1G1T4L 11/18/16 10:21:06 AM
#4688   How is a suspended ticker moving? Pocket9s 11/18/16 10:19:44 AM
#4687   $FEECQ The share price is up 900%!! We're RICH...NOT!!! trading.jeff 11/16/16 03:58:23 PM
#4686   How did shares trade yesterday???? Pocket9s 11/11/16 02:50:50 PM
#4685   $FEECQ Down 95% to .00001. No bid is coming. trading.jeff 11/10/16 01:39:26 PM
#4680   You got the "forever" part right lol. runncoach 11/01/16 08:57:57 AM
#4679   Exact day LouisDesyjr 10/31/16 09:51:50 AM
#4678   Doubt it Jeff lol. We all knew runncoach 10/29/16 05:29:05 PM
#4672   Good thing I have only $100 invested in trading.jeff 10/24/16 11:29:15 AM
#4671   The company will have its registration revoked, and integral 10/24/16 11:25:50 AM
#4670   I wonder if we'll still hear how there trading.jeff 10/24/16 11:08:15 AM
#4669   what a mess ... pennystock_es 10/24/16 10:56:33 AM
#4668   FEECQ SEC Suspension for Financials / Filings delinquencies: Renee 10/24/16 09:41:14 AM
#4667   FEECQ suspended ToyotaMR2s 10/24/16 09:34:03 AM
#4666   When will FEECQ go to zero as someones Value_Investor 10/23/16 03:54:33 PM
#4665   Total 126,009,845 shares sold at 0.0002 since FEECQ Value_Investor 10/21/16 01:04:00 PM
#4662   I doubt any existing big shareholders (who own Value_Investor 10/15/16 11:55:52 PM
#4661   no more bottom 0.0001s since almost all the trading.jeff 10/14/16 05:08:22 PM
#4660   As I told everyone here there is no Value_Investor 10/14/16 04:59:37 PM
#4659   The volume on this is nothing short of MinnesotaWolf 10/14/16 02:14:05 PM
#4658   FEECQ is down 39.58% so far! 16.001M-0.0001 x Value_Investor 10/14/16 11:58:22 AM
#4657   I had already bought near 20M shares of Value_Investor 10/14/16 08:44:25 AM
#4656   i dont have the funds...why dont you buy greekgal72 10/13/16 11:19:56 PM
#4655   0.0002 x 0.0003 for almost the Entire day Value_Investor 10/13/16 08:56:00 AM
#4653   As you could see last Friday I had Value_Investor 10/12/16 09:02:15 AM
#4651   I see plenty of .0001s, roughly 16M. What trading.jeff 10/11/16 09:47:05 AM