Far East Energy Corporation says that 7 new wells have been commenced in the 12 days since the last 2013 drilling program update release issued on Thursday, May 16, bringing to 23 the number of wells spudded in 2013. They are production wells 62-4D, 81-1D, 81-2D, 81-3D, and 165D and appraisal/exploration wells SYSE-09 and SYE-09.

Additionally five wells reached total depth (TD) in the past 12 days. These are the 62-2V, 62-1D and 104D production wells, as well as the SYW-13 and SYW-09 appraisal wells. The Company noted that the 62-2V was drilled in only 12 days.

"On the 16th, we had 13 rigs in the field; now we have 18 rigs in the field with 4 more en-route," said CEO Michael McElwrath . "We have spudded 7 new wells in the past 12 days - a testament to our entire team on the ground and their hard work."

Tags: Far East Energy Corporation