HOUSTON, Feb. 12, 2014 /PRNewswire/ -- Far East Energy Corporation (OTCBB:FEEC), the U.S. listed company that operates the Shouyang Block Coalbed Methane (CBM) Production Sharing Contract (PSC) in Shanxi Province, People's Republic of China, announces a continued rise in gas production from the Shouyang Block since the last release on January 22, 2014.
Following its January 22nd announcement that gas production at Shouyang had reached 1,797,499 cubic feet per day (1,797 Mcf/d) as of January 20, 2014, management is now pleased to announce that, as of February 11th, production has reached 2,029,604 cubic feet per day (2,030 Mcf/d).
This is up 13% from the production figure released January 22nd, and is almost three times higher than the 738 Mcf/d produced for the week ending November 12, 2013.
Commenting, CEO Mike McElwrath said, "It is gratifying to have reached this milestone; and it is even more satisfying to realize that we are in a period of prolonged production increases. The 2013 drilling program was a great success and these numbers highlight its ongoing impact. Special credit to our field teams, who worked through the Chinese New Year period to ensure continued production growth."
