HOUSTON, Aug. 31 /PRNewswire/ -- Far East Energy Corporation (OTC Bulletin Board: FEEC) today announced that Michael R. McElwrath, CEO and President of the Company will be a featured speaker at the U.S.-China Oil & Gas Industry Forum ("Forum") to be held at the Omni Hotel, Fort Worth, Texas, September 14-16, 2010.
The annual event, held alternately in either the United States or China, contributes to gas policy development in China, and also provides a platform for commercial policy dialogue. High-level government officials from the U.S. Department of Energy, U.S. Department of Commerce and China's National Development and Reform Commission (NDRC)/National Energy Administration (NEA), along with representatives from both the U.S. and Chinese oil and gas industries will attend the forum. In addition to keynote speakers, the Forum provides an open discussion format designed to encourage dialogue on energy policy and related commercial issues.
"The Forum is a significant annual event between top U.S. and China government officials and industry leaders," McElwrath said. "It provides an excellent opportunity to not only influence Chinese energy policy, but also to discuss commercial issues of concern to both countries; and Far East is gratified to have been a participant in every forum since 2004."
Mr. McElwrath and/or Donald Juckett, the Chairman of the Board of Far East, have long been associated with the Forum, attending annually since the Forum's inception. In fact, while Head of office of Natural Gas Policy of the U.S. Department of Energy, Dr. Juckett played a leading role in the establishment of the Forum. Mr. McElwrath, in his annual addresses to the Forum has brought to bear not only his hands-on experience as an industry player in China's burgeoning coalbed methane (CBM) industry, but also draws upon his past experience as Acting Assistant Secretary of Energy during the first Bush administration, and as an energy advisor during the Reagan administration. "Far East Energy's management and board of directors both recognize the importance of supporting and participating in the Forum," McElwrath said, "Far East Energy is proud to be a U.S. sponsor of this event and we look forward to the Forum's continued success."
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. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include: certain pipelines that are planned in proximity to Far East's projects in China may not be constructed, or if constructed may not be timely, or their routes may differ from those mentioned; the pipeline and local distribution/compressed natural gas companies may decline to purchase or take our gas, or the timing of any definitive agreement may take longer than anticipated and the terms may not be as advantageous as expected; the gas produced at our wells may not increase to commercially viable quantities or may decrease; we may have insufficient capital to fund the planned drilling or to develop the Shouyang field; the high permeability and high gas content may not be as widespread as anticipated; weather may significantly delay the planned drilling program; wells may be damaged or adversely impacted during the production process, resulting in decreases in the amount of gas produced, or that can be produced; certain proposed transactions with Arrow Energy International Pte Ltd ("Arrow") may not close on a timely basis or at all, including due to a failure to satisfy closing conditions or otherwise; the anticipated benefits to us of transactions with Arrow may not be realized; the final amounts received by us from Arrow may be different than anticipated; Chinese Ministry of Commerce ("MOFCOM") may not approve the extensions of the Qinnan Production Sharing Contract ("Qinnan PSC") on a timely basis or at all; PetroChina or MOFCOM may require certain changes to the terms and conditions of the Qinnan PSC in conjunction with their approval of any extension; our lack of operating history; limited and potentially inadequate management of our cash resources; risk and uncertainties associated with exploration, development and production of CBM; expropriation and other risks associated with foreign operations; disruptions in capital markets effecting fundraising; 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 described in our Annual Report on Form 10-K for 2009 and subsequent filings with the Securities and Exchange Commission.
SOURCE Far East Energy Corporation