Shouyang

The second competing pipeline company has now stated that it has obtained approval to build a pipeline to the City of Shouyang which is about 15 kilometers away, and desires to discuss routing that line to our Shouyang Pilot Area and then on to Taiyuan, with a population of approximately 4 million.

Gaea Times (by Simple Thoughts) Breaking News and incisive views 24/7 Far East Energy Corporation 2010

BEIJING—China's Center for Forecasting Science expects the appreciation of the yuan against the dollar to slow to about 3% this year from 4.7% in 2011, said center director Wang Shouyang.

Chinese Forecaster Expects Yuan's Gain to Slow Bob Davis 2012

Far East can now proceed apace with its efforts to finalize pilot testing and seek to convert portions of the Shouyang Block into the development and production phases.

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Mr. McElwrath: The heart of the Far East Energy FEEC story is that we have discovered and are pursuing what may be one of the more significant coalbed methane, CBM, plays in the world - our Shouyang Project in China.

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This extension and Modification Agreement provides not only for our ongoing cooperation with Far East in the Shouyang CBM Project, but also may present possibilities for CUCBM and Far East to pursue shale gas and other unconventional gas opportunities, as well as new coalbed methane opportunities.

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News announced today the signing of a Modification Agreement extending the exploration period of its Shouyang Block Production Sharing Contract.

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One of the reasons that our Shouyang Block has the potential to be one of the world's significant CBM plays is because it contains a very large area where high-gas content is coupled with high permeability, and virtually every world-class CBM play in the world is characterized by high permeability.

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The other element that makes Shouyang significant and unique is that it is in energy-starved, high-growth China.

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But it is that high permeability area in Shouyang that has us excited because the gas there can potentially be produced with fewer wells over a larger area and with higher rates of recovery, potentially yielding the economics associated with the premier CBM plays in the world.

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We recently received an independent engineering report from Netherland, Sewell and Associates that places the net present value at 10% discount, NPV10, of the net contingent cash flow for the three target coal seams in Far East Energy's Shouyang Block at $1.05 to $1.7 billion.

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