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Far East Energy Announces CEO Update Conference Call
By: PR Newswire
Jan. 23, 2013 06:30 AM
HOUSTON, Jan. 23, 2013 /PRNewswire/ -- Far East Energy Corporation (OTCBB:FEEC) today announced that it will host a conference call to update shareholders and other interested parties on Tuesday, January 29, 2013 at 10:00 a.m. Central Time – 11:00 a.m. Eastern Time. Michael R. McElwrath, Chief Executive Officer and President, will discuss the recent $60 million financing, plans for 2013, and other matters.
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
Far East Energy Corporation
Based in Houston, Texas, with offices in Beijing, and Taiyuan City, China, Far East Energy Corporation is focused on coalbed methane exploration and development in China.
This press release and the conference call contains or will contain forward-looking statements. Forward-looking statements give Far East Energy Corporation's current expectations or forecasts of future events based on management's beliefs and assumptions using currently available information and expectations as of the date hereof, are not guarantees of future performance and involve certain risks and uncertainties, including those contained in Far East Energy Corporation's filings with the Securities and Exchange Commission. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that our expectations will prove correct. Forward-looking statements in this press release and the conference call relate to, among other things, the intended use of proceeds from the private placement and planned activities. 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; 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; our inability to extract or sell all or a substantial portion of our reserves and other resources; expropriation and other risks associated with foreign operations; disruptions in capital markets for reserve-based loans; 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 contained in Far East Energy Corporation's filings with the Securities and Exchange Commission. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements. The forward-looking statements speak only as of the date made and, other than as required by law, Far East Energy Corporation undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Far East Energy Corporation
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