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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2904)	3/18/2004 1:16:50 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Far East Energy Spuds Third Well in China Thursday March 18, 11:38 am ET BEIJING, March 18 /PRNewswire-FirstCall/ -- Far East Energy Corporation (OTC Bulletin Board: FEEC - News) commenced drilling operations for its third coalbed methane gas well in China, spudding the FCY-EH01 well on March 16, 2004. The well is located on Far East's Enhong Block in Yunnan Province near Shang Sheshui Village. ADVERTISEMENT This is the third of five exploration wells which are expected to be drilled and completed by the early summer of 2004. Assuming these wells are successful, Far East Energy will then drill eight pilot wells for test production before entering the development stage for the property. The FCY-LC01 is expected to drill to a total depth of 470 meters (1504 feet). Targeted coal seams and their buried depths are: the #9 coal seam (295m), #14/15 seams (335 m), #21(409m), and the #23 coal seam (423m). biz.yahoo.com