Thursday, October 30, 2014
Far East Energy Announces Further Extension of Existing Loan Facility; Adjacent Gas Plant Completed
HOUSTON, Oct. 30, 2014 (Canada NewsWire via COMTEX) Far East Energy Corporation (OTCBB:FEEC), the U.S. listed company that operates the Shouyang Coalbed Methane (CBM) Production Sharing Contract (PSC) in Shanxi Province, People s Republic of China, is pleased to announce a further extension of the maturity date of its existing Facility Agreement with Standard Chartered Bank (SCB). The maturity date of the Facility Agreement with SCB has been extended to December 5, 2014, from the previous maturity date of October 31, 2014. Commenting, CFO Jennifer Whitley said, This further extension underlines SCB s continued support for the company, as management continues its ongoing strategic discussions with various third parties. Far East Energy Corporation (FEEC) will continue to advise its shareholders at appropriate times as developments progress. New Gas Facility Completed Adjacent to FEEC s Gas Sales Compressor StationThe construction of a large scale gas consuming facility adjacent to FEEC
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