MEDIA RELEASE PR41032
Far East Energy CEO and President to Present at U.S.-China Oil & Gas Industry Forum
HOUSTON, Aug. 31 /PRNewswire-AsiaNet/ --
Far East Energy Corporation (OTC Bulletin Board: FEEC) today announced
that Michael R. McElwrath, CEO and President of the Company will be a
featured speaker at the U.S.-China Oil & Gas Industry Forum ("Forum") to be
held at the Omni Hotel, Fort Worth, Texas, September 14-16, 2010.
The annual event, held alternately in either the United States or China,
contributes to gas policy development in China, and also provides a platform
for commercial policy dialogue. High-level government officials from the U.S.
Department of Energy, U.S. Department of Commerce and China's National
Development and Reform Commission (NDRC)/National Energy Administration
(NEA), along with representatives from both the U.S. and Chinese oil and gas
industries will attend the forum. In addition to keynote speakers, the Forum
provides an open discussion format designed to encourage dialogue on energy
policy and related commercial issues.
"The Forum is a significant annual event between top U.S. and China
government officials and industry leaders," McElwrath said. "It provides an
excellent opportunity to not only influence Chinese energy policy, but also
to discuss commercial issues of concern to both countries; and Far East is
gratified to have been a participant in every forum since 2004."
Mr. McElwrath and/or Donald Juckett, the Chairman of the Board of Far
East, have long been associated with the Forum, attending annually since the
Forum's inception. In fact, while Head of office of Natural Gas Policy of the
U.S. Department of Energy, Dr. Juckett played a leading role in the
establishment of the Forum. Mr. McElwrath, in his annual addresses to the
Forum has brought to bear not only his hands-on experience as an industry
player in China's burgeoning coalbed methane (CBM) industry, but also draws
upon his past experience as Acting Assistant Secretary of Energy during the
first Bush administration, and as an energy advisor during the Reagan
administration. "Far East Energy's management and board of directors both
recognize the importance of supporting and participating in the Forum,"
McElwrath said, "Far East Energy is proud to be a U.S. sponsor of this event
and we look forward to the Forum's continued success."
About Far East Energy Corporation
Based in Houston, Texas, with offices in Beijing, Kunming, and Taiyuan
City, China, Far East Energy Corporation is focused on CBM exploration and
development in China.
Statements contained in this press release that state the intentions,
hopes, beliefs, anticipations, expectations or predictions of the future of
Far East Energy Corporation and its management are forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended. It is
important to note that any such forward-looking statements are not guarantees
of future performance and involve a number of risks and uncertainties. Actual
results could differ materially from those projected in such forward-looking
statements. Factors that could cause actual results to differ materially from
those projected in such forward-looking statements include: certain pipelines
that are planned in proximity to Far East's projects in China may not be
constructed, or if constructed may not be timely, or their routes may differ
from those mentioned; the pipeline and local distribution/compressed natural
gas companies may decline to purchase or take our gas, or the timing of any
definitive agreement may take longer than anticipated and the terms may not
be as advantageous as expected; the gas produced at our wells may not
increase to commercially viable quantities or may decrease; we may have
insufficient capital to fund the planned drilling or to develop the Shouyang
field; the high permeability and high gas content may not be as widespread as
anticipated; weather may significantly delay the planned drilling program;
wells may be damaged or adversely impacted during the production process,
resulting in decreases in the amount of gas produced, or that can be
produced; certain proposed transactions with Arrow Energy International Pte
Ltd ("Arrow") may not close on a timely basis or at all, including due to a
failure to satisfy closing conditions or otherwise; the anticipated benefits
to us of transactions with Arrow may not be realized; the final amounts
received by us from Arrow may be different than anticipated; Chinese Ministry
of Commerce ("MOFCOM") may not approve the extensions of the Qinnan
Production Sharing Contract ("Qinnan PSC") on a timely basis or at all;
PetroChina or MOFCOM may require certain changes to the terms and conditions
of the Qinnan PSC in conjunction with their approval of any extension; our
lack of operating history; limited and potentially inadequate management of
our cash resources; risk and uncertainties associated with exploration,
development and production of CBM; expropriation and other risks associated
with foreign operations; disruptions in capital markets effecting
fundraising; matters affecting the energy industry generally; lack of
availability of oil and gas field goods and services; environmental risks;
drilling and production risks; changes in laws or regulations affecting our
operations, as well as other risks described in our Annual Report on Form
10-K for 2009 and subsequent filings with the Securities and Exchange
Commission.
SOURCE: Far East Energy Corporation
CONTACT: David Nahmias
+1-901-218-7770
dnahmias@fareastenergy.com,
or Bruce Huff
+1-832-598-0470
bhuff@fareastenergy.com
or Catherine Gay,
+1-832-598-0470
cgay@fareastenergy.com
all of Far East Energy Corporation
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