Far East Energy Corporation says that production wells 115V and 119V have reached total depth; preliminary gas content has been determined for the SYE03 appraisal well; and two more wells have been commenced since our May 10th release. The newly spudded wells are the SYE-16, a new appraisal well, and the 62-2V, an additional production well, bringing to 16 the number of wells spudded thus far in 2013.

Meanwhile, preliminary results from the testing of core samples from the SYS-03 appraisal well, which is located in the east-to-southeast portion of the Shouyang Block, roughly 27 kilometers southeast of the 1H Pilot Area, indicate gas content for the #15 coal seam of approximately 25 cubic meters per ton or over 800 standard cubic feet per ton. This very high gas content is similar to the high gas content of over 900 scf/ton measured in the SYS-05 well, which is located in the far southeast sector of the Shouyang Block, approximately 37 kilometers south of the 1H pilot Area.

Tags: Far East Energy Corporation