Well earlier we said we did not have any stocks in our sights today but maybe we do after all.

The company is Far East Energy Corp. (FEEC). The company has had a continual rise in share price for over a week.

Brief company information:

Far East Energy Corporation (FEEC) was formed to acquire explore, develop, and produce, oil and gas, with heavy emphasis on coalbed methane which has emerged as a lower cost/lower risk/higher return resource. Our world headquarters is in Houston, Texas, and we have satellite offices in Beijing, Kunming and Taiyuan City, China.

FEEC began operations on December 31, 2001. The company’s early efforts focused on the evaluation of domestic and global opportunities to develop natural gas and coalbed methane (CBM) natural gas properties.

Upon the completion of substantial examination and due diligence for CBM opportunities, FEEC, on January 25, 2002, entered into two Product Sharing Contracts (PSCs) with China United Coalbed Methane Company, Ltd. (CUCBM), which has exclusive authority over all coalbed methane gas in China. FEEC and CUCBM will jointly explore, develop, produce and sell CBM in a total area of 1,073 square kilometers, in Enhong and Laochang areas of Yunnan Province, People’s Republic of China. It is estimated by the Yunnan Provincial Coal Geological Bureau that the joint venture area contains total gas-in-place in excess of 5.3 trillion cubic feet (Tcf) of methane gas. FEEC has the right to earn a minimum of 60% interest in the joint venture (with CUCBM having the election to participate and share in costs and production up to 40%).

On June 17, 2003, FEEC acquired its preeminent holdings, obtaining two farmout agreements from ConocoPhillips China Inc., covering over one million acres in the Shanxi Province of Northern China.

Far East Energy Corp.
400 N. Sam Houston East
Suite 205
Houston, TX 77060

Stock Symbol: FEEC

Website: http://www.fareastenergy.com

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