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Far East Hits TD at Shouyang CBM Well; Tests Core

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Far East Hits TD at Shouyang CBM Well; Tests Core

Far East Energy Corporation has reported that appraisal well SYS03 has reached total depth; preliminary gas content has been determined for the SYE06 appraisal well; and, the 108D, an additional production well has spudded, bringing to 14 the number of wells spudded thus far in 2013.

The focus for the company remains the drilling and well-fracing program that management detailed in its conference call held April 18, 2013, and which was discussed further in its operations update press release of May 6, 2013 .

As part of the company's continuing appraisal well program, the SYS03, which is located in the east to southeast portion of the Shouyang Block, completed drilling to a total depth of 1,471 meters (or 4,826 feet) and penetrated the #15 coal seam revealing a total coal seam thickness of…

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