Last $0.06 USD
Change Today -0.0039 / -5.74%
Volume 105.4K
FEEC On Other Exchanges
Symbol
Exchange
OTC US
Stuttgart
As of 8:10 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

far east energy corp (FEEC) Snapshot

Open
$0.07
Previous Close
$0.07
Day High
$0.07
Day Low
$0.06
52 Week High
12/24/13 - $0.14
52 Week Low
09/15/14 - $0.05
Market Cap
22.2M
Average Volume 10 Days
374.8K
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 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.

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.

 

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