Far East Energy Corp. (FEEC.OB) Announces Gas Production
Far East Energy Corp. is focused on exploring and developing some of the largest coal bed methane gas projects in China. The company is doing this through its agreements with ConocoPhillips (COP) and China United Coalbed Methane Company, Ltd. Coalbed methane, a form of natural gas, is a clean-burning fuel that China intends to use to supply part of its enormous domestic energy needs. Far East Energy announced today that it has achieved critical desorption pressure (CDP) in a portion of the 1H pilot area in its Shouyang Block in Shanxi Province, China. Gas production in this block has been…