Last $0.06 USD
Change Today -0.0014 / -2.34%
Volume 516.6K
FEEC On Other Exchanges
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OTC US
Stuttgart
As of 11:58 AM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

363 North Sam Houston Parkway East

Suite 380

Houston, TX 77060

United States

Phone: 832-598-0470

Fax: 832-598-0479

Far East Energy Corporation, through its subsidiaries, is engaged in the acquisition, development, exploration, and production of coal bed methane (CBM) gas properties in the People's Republic of China The company is a party to three production sharing contracts (PSCs) in China, under which it was granted the right to explore and potentially develop the 288,569 acre (1,167.8 square kilometers) Shouyang Block in Shanxi Province, the Laochang Area, which totals 119,327 acres (482.9 square kilometers) in Yunnan Province; and the 573,000 acre (2,318.8 square kilometers) Qinnan Block also in Shanxi Province. As of December 31, 2013, the company had estimated net proved gas reserves of 67.5 billion cubic feet (Bcf). Business Strategy The company’s business strategy is to acquire, explore, develop, produce and sell coalbed methane gas in China. Regulations The rules and regulations of the Chinese Ministry of Land and Resources, the principal regulatory authority for the exploration, development and production of oil and gas resources in China, and in particular, China United Coalbed Methane Company, Ltd, directly affect the CBM industry in China, as well as the company’s operations. History Far East Energy Corporation was founded in 2000. The company was incorporated in Nevada in 2000.

 

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