Far East Energy Corporation (FEEC.OB) is a Houston, Texas-based company that engages in gas property acquisition, exploration, development, production, and innovative products applications in the People’s Republic of China. The company focuses on coal bed methane and is currently exploring some of the largest coalbed methane projects in China. They are doing so with the help of companies like ConocoPhillips and China United Coalbed Methane, which have established strong working relationships with Far East Energy.
Far East Energy is dedicated to improving the quality of life, the environment, safety, promoting economic growth, and simultaneously building an energy-related business with a high return on stockholder’s equity. The firm plans to achieve these goals through the success of the three projects in China that are ongoing: Shanxi, Enhong and Laochang. The Shanxi project, which is a partnership with China United Coal bed Methane, is the biggest single project for the company and consists of 1,057,638 acres of land estimated to contain between 6.55 and 9.8 trillion cubic feet of recoverable coalbed methane resources.
The Enhong and Laochang projects combine to yield approximately half the total of recoverable coalbed methane as the Shanxi project, but maintain the same 55-60% recovery rates. The success of the company falls on the broad shoulders of Far East Energy’s experienced management team. Five members of the team carry 20 or more years of service in the gas, oil and energy industries, in addition to a knowledgeable board of directors. The company also has a group of experienced technical directors to help wherever needed, making them prepared to move forward no matter what the challenge entails.
Let us hear your thoughts: Far East Energy Corp. Message Board