Far East Energy Corp. (fka FEECQ)

[atco1982]

I'll take credit for today -

I posted this on the ECSC board. Not sure if many of you use that board but it is about #3 in readership on IHub. So busy lately that the moderator had to make it a premium board. There are lots of smart people there with lots of money in the market.

http://investorshub.advfn.com/boards/board.aspx?board_id=9884

Here was my post at 12:40:

"FEEC - have a coalbed methane find in China -

Web Site: http://www.fareastenergy.com/

Presentation from last week: http://www.wsw.com/webcast/pritch2/feec.ob/

PR from today: http://www.streetinsider.com/Press+Releases/Far+East+Energy+Announces+Robust+Winter+Drilling+Program+and+Related+Funding/5243681.html

They have two lease areas. The northern area has 3T cu. ft. of gas. They need to drill and de-water the coal bed but much of that is done and will start production and revenues on a pipeline to Beijing in Q3. The area has 3T cu. ft. recoverable. At $6.50 plus a government 0.85 bonus provides for $22B of revenues but over what time frame? I have emailed investor relations for some revenue projections in their next presentation which will be at 09:25 EST on 20 Jan. IR says it will be webcast. Will be at:

http://www.ipaa.org/meetings/index.php?mid=154

At 0.60 I'm sure it will be a killer but when? Many of these gas plays take years to develop depending on number of drilling rigs and conditions. As coal beds are shallow, I think this will increse in price as fast as some as our other favorites here."