Far East Energy Announces Operations Update Conference Call
HOUSTON, March 28, 2011 /PRNewswire/ – Far East Energy Corporation (OTC Bulletin Board: FEEC) today announced that it will host an operations conference call for shareholders and other interested parties Wednesday, April 6, 2011 at 10:00 a.m. Central Time – 11:00 a.m. Eastern Time. Michael R. McElwrath, Chief Executive Officer and President, will discuss the Company’s recently announced registered direct raise, plans for a greatly accelerated multi-year drilling program, commissioning of the gas gathering system, Shouyang production, and other developments and plans.
Conference Call Details
To participate in the conference call, participants have the option to listen only to the call; or, to listen and submit questions for the Q&A segment of the call by accessing a link which will be posted on the Company’s website. Please note: questions can only be submitted via the conference link posted on the Company’s website at: www.fareastenergy.com.
Date: Wednesday, April 6, 2011 Time: 10:00 a.m. CT - 11:00 a.m. ET Dial in 1-800-860-2442 (U.S. access: participants) or 1-412-858-4600 (International participants) 1-866-605-3852 (Canada participants) Request connect: Far East Energy Conference Call Call and Q&A: 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, 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: there can be no assurance as to the volume of gas that is ultimately produced or sold from our wells; 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, Ltd., to which we are an express beneficiary; 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; certain of the proposed transactions with Dart Energy (formerly Arrow Energy) may not close on a timely basis or at all, including due to a failure to satisfy closing conditions or otherwise; the anticipated benefits to us of the transactions with Dart Energy may not be realized; the final amounts received by us from Dart Energy may be different than anticipated; Dart Energy may exercise its right to terminate the Farmout Agreement at any time; the Chinese Ministry of Commerce (“MOC”) may not approve the extension of the Qinnan PSC on a timely basis or at all; our Chinese partner companies or the MOC may require certain changes to the terms and conditions of our PSC in conjunction with their approval of any extension of the Qinnan PSC; 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; 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 2009 Annual Report and subsequent filings with the Securities and Exchange Commission.
SOURCE Far East Energy Corporation