Far East Energy Corp. (FEEC.OB) Reaches Production Milestone and Closes Registered Direct Placement
Far East Energy Corp. is a company that is starting to turn the heads of investors on Wall Street. Based in Houston, Texas and with several offices throughout China, Far East Energy is focused on coal-bed methane exploration and development throughout China. Today, Far East Energy today announced that gas production from the Shouyang Block in the Shanxi Province of China has surpassed one million cubic feet per day. Leading the team at Far East Energy is Michael R. McElwrath who serves as the corporation’s President and CEO. Commenting on the production milestone, McElwrath was quoted as saying, "In the…