Far East Energy Corp. announced that production wells 115V and 119V have reached total depth; preliminary gas content has been determined for the SYE03 appraisal well; and two more wells have been commenced since May 10(th) release. The newly spudded wells are the SYE-16, a new appraisal well, and the 62-2V, an additional production well, bringing to 16 the number of wells spudded thus far in 2013. Meanwhile, preliminary results from the testing of core samples from the SYS-03 appraisal well, which is located in the east-to-southeast portion of the Shouyang Block, roughly 27 kilometers southeast of the 1H Pilot Area, indicate gas content for the #15 coal seam of approximately 25 cubic meters per ton or over 800 standard cubic feet per ton. This very high gas content is similar to the high gas content of over 900 scf/ton measured in the SYS-05 well, which is located in the far southeast sector of the Shouyang Block, approximately 37 kilometers south of the 1H pilot Area.

Far East Energy Corp. announced that Bruce N. Huff, Chief Financial Officer of Far East Energy Corporation, has been on a leave of absence for health reasons since February 18, 2013. During Mr. Huff's leave of absence, Jennifer D. Whitley has been serving as the company's interim Chief Financial Officer. On May 7, 2013, Mr. Huff notified the company that he was resigning as the company's Chief Financial Officer. On May 10, 2013, the company's board of directors appointed Ms. Whitley as the company's Chief Financial Officer. In such capacity, Ms. Whitley will perform the duties of the principal financial officer and principal accounting officer of the Company. Ms. Whitley, 38, has served as the interim Chief Financial Officer of the Company since February 2013 and Director of Finance of the company since January 2011.

Far East Energy Corp. announced that appraisal well SYS03 has reached total depth; preliminary gas content has been determined for the SYE06 appraisal well; and, the 108D, an additional production well has spudded, bringing to 14 the number of wells spudded thus far in 2013. As part of the company's continuing appraisal well program, the SYS03, which is located in the east to southeast portion of the Shouyang Block, completed drilling to a total depth of 1,471 meters (or 4,826 feet) and penetrated the #15 coal seam revealing a total coal seam thickness of 3.77 meters (or approximately 12.4 feet). The coal was cored in its entirety and seven samples have been collected for desorption testing, which will allow for an assessment of gas content. Wire-line logging and open-hole testing will shortly be completed with estimates of permeability to follow. The SYS03 well is a good control point between the P18 and SYS05 wells, verifying good continuity and stability of the targeted #15 coal seam. This encouraging result from the SYS03 greatly enhances confidence in the potential of the east and southeast portions of the Shouyang Block. Meanwhile, results from the testing of core samples from the SYE06 appraisal well indicate an initial gas content of 592 standard cubic feet per ton (scf/t) or 16.76 cubic meters per ton (m(3) /t) in the #15 coal seam and 383 scf/t or 10.84 m(3) /t in the #9 coal seam. This well is approximately 5 kilometers due east of the P18 appraisal well, and continues to confirm high gas content across virtually all of the Shouyang Block. The company announced production results for the first quarter of 2013. For the quarter, Gas sales were 66.9 MMcf, an increase of 40% over the same period in 2012. Average gas price was $6.47/Mcf, inclusive of the various state and provincial subsidies and VAT refunds. This compares to an average of $6.45/Mcf in first quarter of 2012.