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Far East Energy Corp. (FEEC) news stock charts

Far East Energy Corp. (FEEC/FEEC.OB) Investment Summary:

Far East Energy Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of coalbed methane gas properties in the People’s Republic of China. As of December 31, 2007, the company had approximately 265,000 gross acres in the Yunnan Province, and approximately 1,058,000 gross acres in the Shanxi Province. The company was founded in 2000 and is based in Houston, Texas.
www.fareastenergy.com
31 Employees
Founded in 2000

FAR EAST ENERGY CORP (FEEC:OTC Bulletin Board Market)

LAST $0.43 USD
CHANGE TODAY -0.005 -1.16%
VOLUME 196.5K
As of 8:10 PM 03/18/10 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of FAR EAST ENERGY CORP (FEEC)

OPEN
$0.43
PREVIOUS CLOSE
$0.43
DAY HIGH
$0.44
DAY LOW
$0.40
52 WEEK HIGH
01/15/10 - $0.72
52 WEEK LOW
04/3/09 - $0.20
MARKET CAP
78.8M
AVERAGE VOLUME 10 D
705.8K
EPS TTM
$-0.08
SHARES OUTSTANDING
185.5M
FEEC Does Not Pay Dividends
P/E TTM
--
K = Thousands  M = Millions  B = Billions

related news

China Looks to Coal Bed Methane
China Looks to Coal Bed Methane

Key developments for FAR EAST ENERGY CORP (FEEC)

Far East Energy Corp. Presents at IPAA Oil & Gas Investment Symposium, Apr-13-2010

Far East Energy Corp. Presents at IPAA Oil & Gas Investment Symposium, Apr-13-2010. Venue: Sheraton NY Hotel & Towers, 811 7th Avenue, New York, New York, United States.

Far East Energy Corp., Annual General Meeting, Dec 09, 2010

Far East Energy Corp., Annual General Meeting, Dec 09, 2010, at 10:00 US Central Time. Location: Crowne Plaza North Greenspoint, 425 N. Sam Houston Parkway E., Houston, Texas, United States.

Far East Energy Announces Winter Drilling Program

Far East Energy Corp. announced it has commenced a robust winter drilling program in response to the rapid increase in gas production from its Shouyang Block in Shanxi Province, China that occurred in late November and December of last year. Far East will finance the drilling program with the net proceeds of the approximately $4.5 million registered direct offering closed in December 2009. The focus of the winter drilling program is the drilling and fracturing of eight wells by early March. The five drilling rigs being utilized are now fully operational with the first of the wells having been spudded in December. Of the eight wells, seven will expand the 1H Pilot Area to the west and one parameter well will be drilled approximately four kilometers outside of the 1H Pilot Area to the west in order to obtain further information regarding the geographic extent of the high permeability/high gas content area. In addition, the existing P4 parameter well will be fractured and the production from the #15 seam of the P2 parameter well will be temporarily suspended to accommodate the fracturing of the #9 seam using the same wellbore.

Far East Energy Corp. financial resources

otc, otcbb, pinksheet, FEEC, ob Far East Energy Corp.

FEEC Competitors

Company Last Change
BPZ Resources Inc $7.33 USD -0.15
Carrizo Oil & Gas Inc $24.62 USD -0.47
Contango Oil & Gas Co $53.06 USD -0.69
Harvest Natural Resources Inc $6.21 USD -0.22
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Industry Analysis

Valuation FEEC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales -- Not Meaningful
Price/Book 2.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales -- Not Meaningful

FEEC

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FEEC transactions

Type
Date
Target
Private Placement
March 8, 2010
--
Private Placement
December 22, 2009
--

More Recent Financial News About Far East Energy Corp.

FAR EAST ENERGY CORP Files SEC form 10-K, Annual Report

Quote: The terms "we," "us," "our" and "our company" refer to Far East Energy Corporation and its consolidated subsidiaries. Overview. We are a development stage company, and our activities include principally drilling, testing, completing and dewatering of exploratory coalbed methane ("CBM") wells, preparing for possible gas sales in the future and organizational activities. We believe that good environmental, social, health and safety performance is a...
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Far East Energy Announces $5 Million Registered Direct Offering

Quote: HOUSTON, March 9 /PRNewswire-FirstCall/ -- Far East Energy CorporationFEEC.obNews) announced today that it has entered into definitive agreements with certain institutional investors (the "Investors") to sell in a registered direct offering an aggregate of approximately 11.66 million shares of its common stock at a price of $0.43 per share for aggregate gross proceeds of $5.01 million.  In addition, Far East will, at closing, issue to the Investors warrants, which will become exercisable afte...
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FAR EAST ENERGY CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financ

Quote: Item 1.01 Entry into a Material Definitive Agreement Placement Agent Agreement On February 23, 2010, Far East Energy Corporation, a Nevada corporation (the "Company"), entered into a placement agency agreement (the "Placement Agreement") with Rodman & Renshaw, LLC (the "Placement Agent") pursuant to which the Placement Agent agreed to use its reasonable best efforts to sell shares of the Company's common stock, par value $0.001 per share ("Common Stock&q...
Read article

Far East Energy Announces Progress of Winter Drilling Program; Added Emphasis on Identifying Additional Areas of High Potential; Imminent Gas Sales Agreement and Pipeline Rerouting; Project Finance Planning; and Date for Annual Meeting

Quote: 18 /PRNewswire-FirstCall/ -- Far East Energy CorporationFEEC.obNews) announced today it has achieved significant progress in its winter drilling program, designed to increase gas production from its Shouyang 1H Pilot Area in anticipation of gas sales in the second half of 2010. Specifically, the Company has completed five of the initially planned eight total wells to be drilled in the program.  The sixth well is presently underway.  Wells seven and eight, as well as three new wells, will s...
Read article

Far East Energy Announces Progress of Winter Drilling Program; Added Emphasis on Identifying Additional Areas of High Potential; Imminent Gas Sales Agreement and Pipeline Rerouting; Project Finance Planning; and Date for Annual Meeting

Quote: 18 /PRNewswire-FirstCall/ -- Far East Energy CorporationFEEC.obNews) announced today it has achieved significant progress in its winter drilling program, designed to increase gas production from its Shouyang 1H Pilot Area in anticipation of gas sales in the second half of 2010. Specifically, the Company has completed five of the initially planned eight total wells to be drilled in the program.  The sixth well is presently underway.  Wells seven and eight, as well as three new wells, will s...
Read article

CEO Interview - Far East Energy Corporation, Michael R. McElwrath

Quote: McElwrath has served as President, Chief Executive Officer and a Director of Far East Energy Corporation since Oc......
Read article

Far East Energy Production Increases to Over 500,000 Cubic Feet Per Day

Quote: 2 /PRNewswire-FirstCall/ -- Far East Energy CorporationFEECNews) announced today that gas production in the Shouyang Block of Shanxi Province, China, has now risen to 500,000 cubic feet, or 500 Mcf per day.Previously, on November 30, Far East announced that gas production from the Shouyang Block had exceeded 400,000 cubic feet per day."This acceleration in gas production is not unexpected," said Garry Ward, Senior Vice President of Engineering, "but the rapidity of the increase is a surprise, an...
Read article

Far East Energy Announces Continued Increase in Gas Production and Possible Pipeline Sales in Summer 2010

Quote: 30 /PRNewswire-FirstCall/ -- Far East Energy CorporationFEECNews) announced today that gas production from its Shouyang Block in Shanxi Province, China continues to increase steadily and has achieved another milestone, now surpassing 400,000 cubic feet, or 400 Mcf per day.The rate of increase in produced gas volumes is becoming more pronounced as critical desorption pressure is reached across an expanding area."This is precisely what we want to see, and exactly what we were expecting," said Garr...
Read article

Far East Energy CEO to Present at Pritchard Capital Partners Energize 2010 Conference

Quote: 4 /PRNewswire-FirstCall/ -- Far East Energy Corporation (OTC Bulletin Board: FEEC) today announced that Michael R. McElwrath, CEO and President of the Company will present at the Pritchard Capital Partners Energize 2010 Conference on January 6, 2010 at 11:00 a.m. Pacific Time at the Westin San Francisco Market Street Hotel, San Francisco, Californiawww.fareastenergy.com, and will be archived for seven (7) days on the Company's website following the presentation. About Far East Energy Corporation...
Read article

Far East Energy Issues Update on Agreement With Arrow Energy

Quote: 22 /PRNewswire-FirstCall/ -- Far East Energy Corporation (OTC Bulletin Board: FEEC) through its wholly owned subsidiary Far East Energy (Bermuda), Ltd. (FEEB), and Arrow Energy International Pte Ltd (AEI), will continue until further notice their Farmout Agreement whereby, subject to the satisfaction of certain conditions, Arrow would farm-in to a 75.25% operating interest in FEEB's interest in the Qinnan Coalbed Methane Production Sharing Contract, in Shanxi Province, China.  In March 2009, ...
Read article

Far East Energy Announces Robust Winter Drilling Program and Related Funding

Quote: 13 /PRNewswire-FirstCall/ -- Far East Energy Corporation (OTC Bulletin Board: FEEC) announced today it has commenced a robust winter drilling program in response to the rapid increase in gas production from its Shouyang Block in Shanxi Province, China that occurred in late November and December of last year.  Far East will finance the drilling program with the net proceeds of the approximately $4.5 million registered direct offering closed in December 2009.  The goal of the program is to a...
Read article

Far East Energy Announces Robust Winter Drilling Program and Related Funding

Quote: 13 /PRNewswire-FirstCall/ -- Far East Energy Corporation (OTC Bulletin Board: FEEC) announced today it has commenced a robust winter drilling program in response to the rapid increase in gas production from its Shouyang Block in Shanxi Province, China that occurred in late November and December of last year.  Far East will finance the drilling program with the net proceeds of the approximately $4.5 million registered direct offering closed in December 2009.  The goal of the program is to a...
Read article

Far East Energy CEO to Present at Pritchard Capital Partners Energize 2010 Conference

Quote: 4 /PRNewswire-FirstCall/ -- Far East Energy Corporation (OTC Bulletin Board: FEEC) today announced that Michael R. McElwrath, CEO and President of the Company will present at the Pritchard Capital Partners Energize 2010 Conference on January 6, 2010 at 11:00 a.m. Pacific Time at the Westin San Francisco Market Street Hotel, San Francisco, Californiawww.fareastenergy.com, and will be archived for seven (7) days on the Company's website following the presentation. About Far East Energy Corporation...
Read article

FAR EAST ENERGY CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits

Quote: Item 7.01.Regulation FD Disclosure. Attached as Exhibit 99.1 to this Current Report on Form 8-K is an updated version of Far East Energy Corporation's (the "Company") investor presentation, which may be used in presentations to investors from time to time. The Company undertakes no obligation to update this this information, including any forward-looking statements, to reflect subsequently occurring events or circumstances. A copy of the investor presentation is being furnished pursua...
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FAR EAST ENERGY CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibit

Quote: Item 1.01 Entry into a Material Definitive Agreement Placement Agent Agreement On December 22, 2009, Far East Energy Corporation, a Nevada corporation (the "Company"), entered into a placement agency agreement (the "Placement Agreement") with Pritchard Capital Partners, LLC (the "Placement Agent") pursuant to which the Placement Agent agreed to use its reasonable best efforts to arrange for the sale of units of securities (the "Units") in a registered d...
Read article

Far East Energy Issues Update on Agreement With Arrow Energy

Quote: 22 /PRNewswire-FirstCall/ -- Far East Energy Corporation (OTC Bulletin Board: FEEC) through its wholly owned subsidiary Far East Energy (Bermuda), Ltd. (FEEB), and Arrow Energy International Pte Ltd (AEI), will continue until further notice their Farmout Agreement whereby, subject to the satisfaction of certain conditions, Arrow would farm-in to a 75.25% operating interest in FEEB's interest in the Qinnan Coalbed Methane Production Sharing Contract, in Shanxi Province, China.  In March 2009, ...
Read article

CEO Interview - Far East Energy Corporation, Michael R. McElwrath

Quote: McElwrath has served as President, Chief Executive Officer and a Director of Far East Energy Corporation since Oc......
Read article

Far East Energy Production Increases to Over 500,000 Cubic Feet Per Day

Quote: 2 /PRNewswire-FirstCall/ -- Far East Energy CorporationFEECNews) announced today that gas production in the Shouyang Block of Shanxi Province, China, has now risen to 500,000 cubic feet, or 500 Mcf per day.Previously, on November 30, Far East announced that gas production from the Shouyang Block had exceeded 400,000 cubic feet per day."This acceleration in gas production is not unexpected," said Garry Ward, Senior Vice President of Engineering, "but the rapidity of the increase is a surprise, an...
Read article

Far East Energy Announces Continued Increase in Gas Production and Possible Pipeline Sales in Summer 2010

Quote: 30 /PRNewswire-FirstCall/ -- Far East Energy CorporationFEECNews) announced today that gas production from its Shouyang Block in Shanxi Province, China continues to increase steadily and has achieved another milestone, now surpassing 400,000 cubic feet, or 400 Mcf per day.The rate of increase in produced gas volumes is becoming more pronounced as critical desorption pressure is reached across an expanding area."This is precisely what we want to see, and exactly what we were expecting," said Garr...
Read article

Far East Energy Announces Increase in Production, Gas From a Second Coal Seam, and Gas From a Distant Parameter Well

Quote: 8 /PRNewswire-FirstCall/ -- Far East Energy Corporation FEECNews) announced today that gas production in the Number 15 coal seam of its 1H Pilot Area in the Shouyang Block of Shanxi Province, China continues to rise.Far East also announced that preliminary results indicate that it may have discovered a second coal seam capable of significant gas production.Additionally, a parameter well some 7 kilometers distant from the 1H Pilot Area has started producing gas from the Number 15 coal seam and sh...
Read article

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