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Far East Hits 74-Well Milestone at Shouyang; Outlines Frac Ops

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Far East Hits 74-Well Milestone at Shouyang; Outlines Frac Ops

Far East Energy Corporation, operator of the Shouyang Block Coalbed Methane (CBM) Production Sharing Contract (PSC) in Shanxi Province, People's Republic of China, has reported that an additional 21 wells have been commenced since July 31, bringing to 74 the total number of wells spudded in 2013. 

Additionally, 32 additional wells have been fraced since July 31, bringing to 58 the number of wells fraced in 2013.  Of the 74 wells that have been spudded thus far in the 2013 drilling program, 47 are new production wells in the core 1H Production Area, and 27 are appraisal wells which have confirmed the lateral extension of the high-permeability and high gas content #15 coal seam across the Shouyang Block.

More importantly, in terms of making progress towards significant gas production from…

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