Skip to main content 2016 Corporate Presentation – Far East Energy Corp. | Shale Experts
Loading...
Pm

2016 Corporate Presentation – Far East Energy Corp.

Far East Energy Corp. · Aug 31, 2016 · 22 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2016 Corporate Presentation – Far East Energy Corp. – slide 1
    Corporate Presentation
  2. 2016 Corporate Presentation – Far East Energy Corp. – slide 2
    Key Investment Highlights Significant acreage position in Chinas coal rich Shanxi and Yunnan Provinces Estimated potential total gas-in-place of approximately 18 Tcf in held acreage Chinas CBM characteristics combined with ripening…
  3. 2016 Corporate Presentation – Far East Energy Corp. – slide 3
    Corporate Overview Third largest CBM acreage holder in China with over 1.3 million acres CBM Partners with ConocoPhillips and China United Coalbed Methane Company (CUCBM) Based in Houston, Texas with offices in Beijing, Taiyuan…
  4. 2016 Corporate Presentation – Far East Energy Corp. – slide 4
    What is Coalbed Methane Coalbed Methane (CBM) is simply natural gas found in coal beds buried beneath the earths surface the gas is actually molecularly attached to the coal and is released by a process called desorption In 2003,…
  5. 2016 Corporate Presentation – Far East Energy Corp. – slide 5
    Strong Team Management Michael McElwrath, Chief Executive Officer, President and Director, formerly Acting Assistant Secretary of Energy Bruce N. Huff, Chief Financial Officer, Secretary and Treasurer formerly President and Chief…
  6. 2016 Corporate Presentation – Far East Energy Corp. – slide 6
    China Average GDP growth of over 9% during the last decade Worlds 2nd largest energy consumer Chinas Achilles heel is insufficient energy supply Approximately 70% of Chinas 34 Provinces suffered large scale electricity…
  7. 2016 Corporate Presentation – Far East Energy Corp. – slide 7
    Chinas Natural Gas Mandate China State Council pushing for four-fold increase in natural gas usage by 2010 China has mandated natural gas replace coal as major source for electricity generation by 2008 Olympics in Beijing Natural…
  8. 2016 Corporate Presentation – Far East Energy Corp. – slide 8
    CBM Addresses Energy Shortage and Environment Conventional gas to date, onshore results somewhat disappointing CBM Supply Chinas enormous resources estimated 31.46 Trillion m3 (1100 TCF) (China United Coalbed Methane Corporation,…
  9. 2016 Corporate Presentation – Far East Energy Corp. – slide 9
    China Macro Gas Markets The Markets CBM receives favorable royalty treatment Market price vs. Government established price Price received ranges from 4.50 to 5.50 Mcf (city gate) vs. 2.65 to 3.25 Mcf (in the pipeline) Pipeline…
  10. 2016 Corporate Presentation – Far East Energy Corp. – slide 10
    China Macro Basins & Coals Source: Oil and Gas Investor 11
  11. 2016 Corporate Presentation – Far East Energy Corp. – slide 11
    Shanxi Project 1,057,638 Acres Partners with CUCBM and ConocoPhillips Pipelines in close proximity Potentially 6.5 Tcf 9.8 Tcf of total recoverable CBM resources 40% - 66.5% participating interest potential Over 3,000…
  12. 2016 Corporate Presentation – Far East Energy Corp. – slide 12
    ConocoPhillips Shanxi Data Shanxi Analysis Significant amount of well data available Ash content, isotherm data, and gas content measurements for several wells in the region Three seismic profiles analyzed for each block covering…
  13. 2016 Corporate Presentation – Far East Energy Corp. – slide 13
    Basin Comparison CBM Basin San Juan Black Warrior Shanxi 300-700 250-500 400-1,000 Coal Gas Content (SCF/ton) Characteristics Reservoir Recovery Factor 80% 65% 50% Coal Thickness: Typical net 70 25 30 coal (feet)…
  14. 2016 Corporate Presentation – Far East Energy Corp. – slide 14
    Yunnan Projects at a Glance Partners with CUCBM Two large CBM projects 159,000 - 265,000 net acres 5.3 Tcf estimated total gas-in- place 60% participating interest for FEEC E&P costs reimbursed to FEEC from initial…
  15. 2016 Corporate Presentation – Far East Energy Corp. – slide 15
    Capitalization Symbol OTCBB: FEEC Common shares outstanding 96.8 million Recent price (November 11, 2005) 1.37 per share Long-term debt Nil Market Capitalization 134.6 million 16
  16. 2016 Corporate Presentation – Far East Energy Corp. – slide 16
    400 North Sam Houston Pkwy East Suite 205 Houston, Texas 77060 832-598-0470 www.fareastenergy.com OTCBB: FEEC Investor Relations Contacts: Bruce N. Huff, Chief Financial Officer David Nahmias, Investor Relations 18
  17. 2016 Corporate Presentation – Far East Energy Corp. – slide 17
    Appendix - Shanxi Project Contract Area: 1,057,000 acres (4,280 Km) Participating Interests: Exploration: Far East Energy 100% Development: If COP takes 30% WI If COP takes 3.5% ORRI* Far East 40%-70% WI 70%-100% costs and…
  18. 2016 Corporate Presentation – Far East Energy Corp. – slide 18
    Appendix - PSC Details Shanxi Project Production Sharing Contract (PSC) with China United Coalbed Methane Co. (CUCBM) government partner. 30-year term in three phases: Exploration, development, production Exploration costs borne…
  19. 2016 Corporate Presentation – Far East Energy Corp. – slide 19
    Appendix - Shanxi Project Geologic evaluation has identified three prospective areas within the Shouyang and Qinnan Blocks from 900-3000 ft (300 to 1000 meters) in depth Shouyang North Area 204,335 acres total (827 Km); 82,710 acres…
  20. 2016 Corporate Presentation – Far East Energy Corp. – slide 20
    Appendix - Shanxi Project Total gas-in-place distributions from Monte Carlo modeling (Coals 3, 9, and 15 only, 900-3000 ft (300-1000 meter) depths o Shouyang North Area Well Control Area: P10 - 1.8 Tcf (51 Bcm); P50 - 2.2 Tcf (62…
  21. 2016 Corporate Presentation – Far East Energy Corp. – slide 21
    Appendix - The Horizontal Advantage Horizontal vs. Vertical Ability to stay in zone No control over fracture growth and direction, With directional control may which can contact test reservoir in multiple aquifers directions Must…
  22. 2016 Corporate Presentation – Far East Energy Corp. – slide 22
    Drilling Commences in Shouyang Block Spudding Ceremony for FEECs First Horizontal Well Project in the 23 Shanxi Province - June 2005

From the store

Browse maps, data & reports in the Shale Experts store