HOUSTON, Feb. 21, 2012 /PRNewswire-Asia/ -- Far East Energy
Corporation (OTC BB:FEEC) announced today that it will host an
update conference call for shareholders and other interested
parties on Thursday, February 23, 2012 at 9:00 a.m. Central Time
(10:00 a.m. Eastern Time).
Conference Call Details
Date: Thursday, February 23, 2012
Time: 9:00 a.m. CT (10:00 a.m. ET)
Dial in access: 1-800-860-2442 (U.S. participants) or
1-412-858-4600 (International participants)
1-866-605-3852 (Canada participants)
Request connect: Far East Energy Conference Call
Call and Slides: www.fareastenergy.com
To participate in the conference call, participants have the option
to listen to the call by toll-free dial in number, or to listen and
view slides via the link posted on the website. The Q&A segment
will be conducted live via conference operator. Please note: slides
can be viewed during the call via the webcast link posted on the
Company's website at www.fareastenergy.com.
Far East Energy Corporation
Based in Houston, Texas, with offices in Beijing, Kunming, and
Taiyuan City, China, Far East Energy Corporation is focused on
coalbed methane exploration and development in China.
Statements contained in this press release that state the
intentions, hopes, estimates, beliefs, anticipations, expectations
or predictions of the future of Far East Energy Corporation and its
management are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. It is
important to note that any such forward-looking statements are not
guarantees of future performance and involve a number of risks and
uncertainties. Actual results could differ materially from those
projected in such forward-looking statements. Factors that could
cause actual results to differ materially from those projected in
such forward-looking statements include: the preliminary nature of
well data, including permeability and gas content; there can be no
assurance as to the volume of gas that is ultimately produced or
sold from our wells; the fracture stimulation program may not be
successful in increasing gas volumes; due to limitations under
Chinese law, we may have only limited rights to enforce the gas
sales agreement between Shanxi Province Guoxin Energy Development
Group Limited and China United Coalbed Methane Corporation
("CUCBM"), to which we are an express beneficiary; additional wells
may not be drilled, or if drilled may not be timely; additional
pipelines and gathering systems needed to transport our gas may not
be constructed, or if constructed may not be timely, or their
routes may differ from those anticipated; the pipeline and local
distribution/compressed natural gas companies may decline to
purchase or take our gas, or we may not be able to enforce our
rights under definitive agreements with pipelines; conflicts with
coal mining operations or coordination of our exploration and
production activities with mining activities could adversely impact
or add significant costs to our operations; the Chinese Ministry of
Commerce ("MofCom") may not approve the Modification Agreement to
the Shouyang PSC (the "Modification Agreement") on a timely basis
or at all, or, if so, on commercially advantageous terms; our
Chinese partner companies or MofCom may require certain changes to
the terms and conditions of the Modification Agreement or our PSCs
in conjunction with their approval, including reductions in acreage
or a reduction in the term of the extension for the exploration
period; our lack of operating history; limited and potentially
inadequate management of our cash resources; risk and uncertainties
associated with exploration, development and production of coalbed
methane; proved reserves may not be reported in a timely manner or
at all and, if reported, may be smaller than anticipated; our
inability to extract or sell all or a substantial portion of our
estimated Contingent Resources; we may not satisfy requirements for
listing our securities on a securities exchange; expropriation and
other risks associated with foreign operations; disruptions in
capital markets affecting fundraising; matters affecting the energy
industry generally; lack of availability of oil and gas field goods
and services; environmental risks; drilling and production risks;
changes in laws or regulations affecting our operations, as well as
other risks described in our Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q and subsequent filings with the Securities and
Exchange Commission.
SOURCE﹛Far East Energy Corporation