More Positive Results for Far East Energy in Shouyang CBM Block

Far East Energy has announced positive test results from three more appraisal wells located at significant distances from the 1H Pilot Area in the Shouyang CBM Block.

This is in addition to a series of successful appraisal wells that have revealed much of the block to be highly prospective.

Commenting on the appraisal wells and test results, Michael R. McElwrath, CEO and President of Far East Energy, stated, "This now makes 17 out of 18 appraisal wells, drilled all over the Shouyang Block, that have confirmed very high gas content and strong potential.”

“We are quite excited with the recent positive results that these far-reach appraisal wells have shown, and we look forward to drilling additional wells that we believe will result in a significant amount of additional contingent resources for our Shouyang Block as we seek to optimize valuation," he added.