Last $0.07 USD
Change Today -0.0027 / -3.72%
Volume 82.0K
As of 10:04 AM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

far east energy corp (FEEC) Key Developments

Far East Energy Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Far East Energy Corp. reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net loss of $8.71 million, or $0.03 loss per share, compared to a net loss of $8.04 million, or $0.02 loss per share, for the same quarter ended June 30, 2013. Total operating revenues were $1.14 million, compared to $268,000 for the same quarter ended June 30, 2013. For the six months, the company’s net loss was $17.68 million, or $0.05 loss per share, compared to a net loss of $16.21 million, or $0.05 loss per share, for the same period ended June 30, 2013. Total operating revenues were $2.17 million, compared to $701,000 for the same period ended June 30, 2013.

Far East Energy Corp. Reports Earnings Results for the Second Quarter and First Six Months Ended June 30, 2014; Reports Production Results for the First Six Months Ended June 30, 2014

Far East Energy Corp. reported earnings results for the second quarter and first six months ended June 30, 2014. For the quarter, the company reported revenues increased 324% to $1.1 million. For six months, the company reported revenues rose 209% compared to the same period in 2013, reaching $2.2 million for the first half of the year. This performance reflects (1) the strong increase in gas production and gas sales resulting from the 2013 drilling and fracing program and (2) the significant increase in gas prices being received in 2014 compared to 2013. For six months, the company reported gas sales volumes averaged 1.35 MMcf/d, up 126% from the same period in 2013, resulting from the newly drilled and fraced wells.

Far East Energy Company Announces Earnings Results for the First Half of 2014

Far East Energy Company announced earnings results for the first half of 2014. For the period, the company reported revenue of RUB 30,229,095,000 against RUB 29,462,197,000 a year ago. Pretax loss was RUB 240,583,000 against RUB 129,341,000 a year ago. Net loss was 407,952,000 against RUB 268,292,000 a year ago.

Far East Energy Corporation Announces a Further Extension of the Existing Loan Facility

Far East Energy Corporation announced a further extension of the maturity date of its existing bridge facility with Standard Chartered Bank (SCB). The maturity date of the bridge facility with SCB has been extended to September 15, 2014, from the previous maturity date of July 15, 2014.

Far East Energy Corp. Reports Earnings Results for the First Quarter Ended March 31, 2014

Far East Energy Corp. reported earnings results for the first quarter ended March 31, 2014. Net loss for the first quarter ended March 31, 2014 was $8.96 million, or $0.03 loss per share, compared to a net loss of $8.17 million, or $0.02 loss per share, for the same quarter ended March 31, 2013. Operating revenues for the first quarter ended March 31, 2014 were $1.03 million, compared to $433,000 for the same quarter ended March 31, 2013. Operating loss for the first quarter ended March 31, 2014 was $5.96 million, compared to an operating loss of $5.43 million for the same quarter ended March 31, 2013.

 

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