Far East Energy - News -
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Far East Energy Corporation to Present at UBS Greater China Conference on January 30, 2007
HOUSTON, Jan. 24 /PRNewswire-FirstCall/ -- Far East Energy Corporation (Nachrichten) (BULLETIN BOARD: FEEC) announced today that Chief Executive Officer Michael R. McElwrath will be presenting at the UBS Greater China Conference on January 30, 2007 in Shanghai, China.
The presentation will highlight the company's operational developments, and China's rapidly developing markets for clean-burning coalbed methane natural gas. Far East Energy's operations include the Shouyang and Qinnan Blocks, which are part of the 4,280 square kilometer (1,057,650 acres) coalbed methane (CBM) project in Shanxi Province that Far East holds under farmouts from ConocoPhillips. Including its 1,073 square kilometer project in Yunnan Province, the coalbed methane concessions of Far East Energy contain a land mass slightly larger than the State of Delaware.
As former Acting Assistant Energy Secretary in the first Bush Administration and International Negotiator in the Reagan Administration, Mr. McElwrath is a sought after speaker with regard to China's energy issues.
The UBS Greater China Conference, now in its seventh year, is a forum where corporations and investors meet to discuss new issues and fresh perspectives confronting businesses in the Greater China Region. The Greater China Conference provides a timely opportunity for overseas investors to assess the domestic market and for domestic investors to gain exposure to the latest investment ideas and trends.
Far East Energy Corporation
Based in Houston, Texas, with offices in Beijing, Kunming, and Taiyuan City, China, Far East Energy Corporation is focused on the acquisition of, and exploration for, coalbed methane in China through its agreements with ConocoPhillips and China United Coalbed Methane Company, Ltd. (CUCBM).
UBS
UBS is one of the world's leading financial firms, serving a discerning global client base. As an organization, it combines financial strength with a global culture that embraces change. As an integrated firm, UBS creates added value for clients by drawing on the combined resources and expertise of all its businesses. UBS is the world's leading wealth management business, a global investment banking and securities firm with a strong institutional and corporate client franchise, a key asset manager and, with roughly a quarter of the Swiss lending market, the market leader in Swiss corporate and individual client banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in 50 countries and from all major financial centers.
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: the preliminary nature of well data, including permeability and gas content, and commercial viability of the wells; risk and uncertainties associated with exploration, development and production of oil and gas; drilling and production risks; our lack of operating history; limited and potentially inadequate cash resources; expropriation and other risks associated with foreign operations; anticipated pipeline construction and transportation of gas; matters affecting the oil and gas industry generally; lack of availability of oil and gas field goods and services; environmental risks; changes in laws or regulations affecting our operations, as well as other risks described in our Annual Report on Form 10-K and subsequent filings with the Securities and Exchange Commission.
Contact: David Nahmias: Far East Energy Investor Relations 901-218-7770 dnahmias@fareastenergy.com Bill Conboy/ Vice President Bill@ctaintegrated.com Warren Laird/ Senior Account Executive Warren@ctaintegrated.com CTA Integrated Communications 303-665-4200 Release No. 2007-03
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FAR EAST ENERGY CORPORATION