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hebercreeper

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hebercreeper

Re: None

Thursday, 03/13/2014 2:25:51 PM

Thursday, March 13, 2014 2:25:51 PM

Post# of 4713
Production Update News

http://finance.yahoo.com/news/far-east-energy-announces-gas-175900300.html

Safe to say people were expecting a bit more.

Mike, the shareholders want a rapid & aggressive approach.

Commenting, CEO Michael McElwrath said, "We continue to take a conservative approach to the rate of increase of production from Shouyang and are gradually allowing gas production to rise, while optimizing continued water production – a classic approach to CBM production; and thus we are very pleased that we have nevertheless seen a tripling in gas production in the past 4 months."
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