Far East Energy Announces Approval of Shouyang and Yunnan Extensions



    


    
    HOUSTON, Aug. 27 /CNW/ -- Far East Energy Corporation (OTC Bulletin
Board: FEEC) announced that it has received final approval by the Chinese
Ministry of Commerce (MOFCOM) of two Modification Agreements that extend the
exploration periods of both its Shouyang and Yunnan Production Sharing
Contracts (PSCs) by two years apiece to June 30, 2011.  The Modification
Agreements also revise other terms of the PSCs and the Company has included
the Modification Agreements in the Form 8-K filed with the Securities and
Exchange Commission on August 27, 2009.

    "While we were quite confident that our exploration periods would be
extended due to the fact that Far East has been among the most active foreign
companies in CBM exploration over the past five years, nevertheless we are
pleased to have formally obtained extensions allowing us time to further
expand exploration efforts," said Michael R. McElwrath CEO and President of
Far East.
    


    About Far East Energy Corporation

    
    Based in Houston, Texas, with offices in Beijing, Kunming, and Taiyuan
City, China, Far East Energy Corporation is focused on CBM exploration and
development in China.

    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.
    



    




For further information:

For further information: David Nahmias, +1-901-218-7770,
dnahmias@fareastenergy.com, or Bruce N. Huff, +1-832-598-0470,
bhuff@fareastenergy.com, both of Far East Energy Corporation Web Site:
http://www.fareastenergy.com

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Far East Energy Corporation

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