Last $0.06 USD
Change Today +0.0019 / 3.11%
Volume 338.5K
FEEC On Other Exchanges
Symbol
Exchange
OTC US
Stuttgart
As of 8:10 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

far east energy corp (FEEC) Snapshot

Open
$0.06
Previous Close
$0.06
Day High
$0.06
Day Low
$0.06
52 Week High
12/24/13 - $0.14
52 Week Low
09/15/14 - $0.05
Market Cap
21.8M
Average Volume 10 Days
384.0K
EPS TTM
$-0.12
Shares Outstanding
346.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FAR EAST ENERGY CORP (FEEC)

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far east energy corp (FEEC) Details

Far East Energy Corporation, through its subsidiaries, is engaged in the acquisition, development, exploration, and production of coal bed methane gas properties in the People's Republic of China. The company holds 3 production sharing contracts, which cover the 288,569 acre Shouyang Block in Shanxi Province; the Laochang Area comprising 119,327 acres in Yunnan Province; and the 573,000 acre Qinnan Block in Shanxi Province. As of December 31, 2013, it had estimated net proved gas reserves of 67.5 billion cubic feet (Bcf), and estimated total net probable reserves of 372.4 Bcf. The company was founded in 2000 and is headquartered in Houston, Texas.

31 Employees
Last Reported Date: 03/31/14
Founded in 2000

far east energy corp (FEEC) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $437.5K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $283.5K
Compensation as of Fiscal Year 2013.

far east energy corp (FEEC) Key Developments

Far East Energy Announces Further Extension of Existing Loan Facility; Announces Completion of Gas Plant

Far East Energy Corporation announced a further extension of the maturity date of its existing Facility Agreement with Standard Chartered Bank (SCB). The maturity date of the Facility Agreement with SCB has been extended to December 5, 2014, from the previous maturity date of October 31, 2014. The construction of a large scale gas consuming facility adjacent to FEEC's final compressor station has now been completed and put into operation. The complex comprises a combined cycle power plant, and an LNG plant, designed to use CBM as a gas supply. Additionally, the complex can also supply vehicles with CNG. The power plant is the large peak load provider in Shanxi Province and was completed in just under two years, highlighting Shanxi Province's commitment to improving its environment by utilizing more natural gas and less coal in its energy mix. The facility has the ability to consume up to 1/Bnm3 (Billion cubic meters) of natural gas per year, ensuring a strong future demand for CBM gas in the Shouyang area. Gas from FEEC's Shouyang project is already being dispatched to this new facility.

Far East Energy Corporation Announces Further Extension to the SCB Loan Facility

Far East Energy Corporation announced that the maturity date of the bridge facility with SCB has been extended to October 31, 2014, from the previous maturity date of September 15, 2014.

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.

 

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FEEC

Industry Average

Valuation FEEC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 5.6x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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