MEDIA RELEASE PR35852
Far East Energy Announces Approval of Shouyang and Yunnan Extensions
HOUSTON, Aug. 27 /PRNewswire-AsiaNet/ --
Far East Energy Corporation (OTC Bulletin Board: FEEC) announced that it has
received final approval by the Chinese Ministry of Commerce (MOFCOM) of two
Modification Agreements that extend the exploration periods of both its Shouyang and
Yunnan Production Sharing Contracts (PSCs) by two years apiece to June 30, 2011. The
Modification Agreements also revise other terms of the PSCs and the Company has
included the Modification Agreements in the Form 8-K filed with the Securities and
Exchange Commission on August 27, 2009.
"While we were quite confident that our exploration periods would be extended due
to the fact that Far East has been among the most active foreign companies in CBM
exploration over the past five years, nevertheless we are pleased to have formally
obtained extensions allowing us time to further expand exploration efforts," said
Michael R. McElwrath CEO and President of Far East.
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.
SOURCE: Far East Energy Corporation
CONTACT: David Nahmias,
+1-901-218-7770,
dnahmias@fareastenergy.com,
or Bruce N. Huff,
+1-832-598-0470,
bhuff@fareastenergy.com,
both of Far East Energy Corporation
(FEEC)
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