Exploration & Production
Far East Energy Increases CBM Reserves in Shouyang Block
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Far East Energy Corporation (FEEC), the U.S. listed company that operates the Shouyang Block Coalbed Methane (CBM) Production Sharing Contract (PSC) in Shanxi Province, People's Republic of China is pleased to announce that the maturity date of the existing bridge facility with Standard Chartered Bank (SCB) has been extended to July 15, 2014, from the previous date of April 15, 2014.
In connection with the release of its 2013 results, the Company announced the results of its updated SEC reserve report prepared by the independent petroleum engineers, Resource Investment Strategy Consultants (RISC).
As of December 31, 2013, the Company had estimated net proved gas reserves of 67.5 billion cubic feet (Bcf), an increase of 32% over last year's net proved gas reserves of 51.3 Bcf. This…
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