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Last $0.03 USD
Change Today +0.0016 / 5.50%
Volume 153.0K
FEEC On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 04/20/15 All times are local (Market data is delayed by at least 15 minutes).

far east energy corp (FEEC) Key Developments

Far East Energy Company Announces Consolidated Earnings Results for the Year 2014

Far East Energy Company announced consolidated earnings results for the year 2014. For the year, the company posted net loss under International Financial Reporting Standards (IFRS) of RUB 3.6 billion versus RUB 1.9 billion in net profit in 2013. The company boosted revenue 10.5% last year to RUB 100.8 billion from RUB 91,216,000. Pretax loss was RUB 4,560,000 against pretax profit of RUB 1,288,000 a year ago. The company told that it posted losses partly because of an increase in consumer arrears for electricity.

Far East Energy Corp. announced delayed annual 10-K filing

On 04/01/2015, Far East Energy Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Far East Energy Announces an Extension of Existing Loan Facility with Standard Chartered Bank

Far East Energy Corporation announced 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 February 13, 2015, from the previous maturity date of January 15, 2015.

Far East Energy Announces Further Extension of Existing Loan Facility

Far East Energy Corp. announced 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 31, 2014, from the previous maturity date of December 5, 2014.

Far East Energy Announces Further Extension of Existing Loan Facility; Announces Completion of Gas Plant

Far East Energy Corporation announced 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. The construction of a large scale gas consuming facility adjacent to FEEC's final compressor station has now been completed and put into operation. The complex comprises a combined cycle power plant, and an LNG plant, designed to use CBM as a gas supply. Additionally, the complex can also supply vehicles with CNG. The power plant is the large peak load provider in Shanxi Province and was completed in just under two years, highlighting Shanxi Province's commitment to improving its environment by utilizing more natural gas and less coal in its energy mix. The facility has the ability to consume up to 1/Bnm3 (Billion cubic meters) of natural gas per year, ensuring a strong future demand for CBM gas in the Shouyang area. Gas from FEEC's Shouyang project is already being dispatched to this new facility.

 

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FEEC Competitors

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Company Last Change
Abraxas Petroleum Corp $3.73 USD +0.09
Callon Petroleum Co $9.07 USD +0.33
Contango Oil & Gas Co $21.80 USD -0.25
VAALCO Energy Inc $2.45 USD +0.05
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