Latest Coalbed methane Stories
GILLETTE, Wyo., June 1, 2011 /PRNewswire/ -- High Plains Gas, Inc. (OTCBB: HPGS or "HPG" or "the Company") today announced the amendment of the Purchase and Sale Agreement between the Company and J.M. Huber Corporation. The transaction involves certain coalbed methane assets in Wyoming and Montana and has been extended. The amendment expires June 30, 2011, but has provisions which allow the parties to either close or cancel the amendment prior to that date. Details of the transaction were...
GILLETTE, Wyo., May 17, 2011 /PRNewswire/ -- High Plains Gas, Inc. (OTCBB: HPGS or "HPG" or "the Company") today announced its financial results for the three-month period ended March 31, 2011. For the first quarter of 2011, total revenue was $4.0 million, compared to $356,311 in total revenue for the first quarter of 2010. Net loss for the first quarter 2011 was $7.0 million, or $0.04 per share, compared to a net loss of $248,138, or $0.01 per share, in the first quarter of 2010. At...
HOUSTON, May 16, 2011 /PRNewswire/ -- Far East Energy Corporation (OTCBB: FEEC) today announced that it has filed its Quarterly Report on Form 10-Q for the period ending March 31, 2011, which is available on the SEC's website at www.sec.gov and on the Company's website, at www.fareastenergy.com, under the tab "Investor Relations" in the "SEC Filings" section. SALES AND PRODUCTION UPDATE The Company also announced today that current gas sales are ranging from approximately 400-685 Mcfpd, and...
GILLETTE, Wyo., May 10, 2011 /PRNewswire/ -- High Plains Gas, Inc. (OTCBB: HPGS or "HPG" or "the Company") today announced an update on the total number of reactivated wells in the North and South Fairway coalbed methane fields. Between December 1, 2010 and April 30, 2011, High Plains Gas reactivated 219 wells previously idled by Pennaco Energy that were not producing natural gas prior to the reactivation program. Mark Hettinger, Chief Operations Officer of High Plains Gas, Inc., said,...
HOUSTON, May 9, 2011 /PRNewswire/ -- Far East Energy Corporation (OTCBB:FEEC) announced today that the Company welcomes David J. Minor as Executive Director of Operations reporting directly to Michael R. McElwrath, CEO and President. "We are very pleased to have Dave Minor join our team," said Michael McElwrath. He continued, "With his excellent credentials, Dave brings extensive coalbed methane experience to the table, with direct and comprehensive involvement in Alabama's Black Warrior...
GILLETTE, Wyo., May 6, 2011 /PRNewswire/ -- High Plains Gas, Inc. (OTCBB: HPGS or "HPG" or "the Company") today announced the amendment of the Purchase and Sale Agreement between the Company and J.M. Huber Energy Corporation. The transaction involves certain coalbed methane assets in Wyoming and Montana and the anticipated closing date has been extended to May 31, 2011. Details of the transaction were first announced on February 27, 2011. This amendment grants High Plains Gas, Inc....
HOUSTON, May 4, 2011 /PRNewswire/ -- Far East Energy Corporation (OTCBB: FEEC) today announced that the Chinese news service Xinhua, has recently advised that the PRC's CBM subsidy will be increased this summer in conjunction with the release of the 12th Five Year Plan and could be increased as much as 0.2 RMB per cubic meter (or $0.86 per Mcf based on the March 31, 2011 exchange rate). Michael R. McElwrath, CEO and President, said, "If implemented, this level of subsidy increase would take...
HOUSTON, April 8, 2011 /PRNewswire/ -- Far East Energy Corporation (OTCBB:FEEC) today announced that Michael R. McElwrath, CEO and President of the Company will present at the IPAA Oil & Gas Investment Symposium on Monday, April 11, 2011 at 3:45 p.m. Eastern Time, which event will be held at the Sheraton New York Hotel and Towers. The presentation will be webcast live via a link posted on the Company's website at www.fareastenergy.com, and will be archived for ten (10) days on the...
HOUSTON, April 6, 2011 /PRNewswire/ -- Far East Energy Corporation (OTC BB: FEEC) today announced the results of an independent report by Netherland, Sewell & Associates, Inc. (NSAI) evaluating, as of December 31, 2010, the contingent gas resources and Net Present Value at 10% Discount ("NPV10") of the net contingent cash flow for the three target coal seams in Far East Energy's 485,000 acre (1960 square kilometers) Shouyang Block, situated in Shanxi Province, China. The report gives a...
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...
