Far East Energy Corp. (OTCMKTS: FEEC) Increase in the Gas Price but Still Optimistic

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Las Vegas, NV -- (SBWIRE) -- 12/17/2013 -- Far East Energy Corp. (OTCMKTS: FEEC) is settled in Houston, Texas and was formed in 2000. The company via its subsidiaries focuses on acquiring, exploring, developing and producing the coal bed methane gas possessions in the Shanxi Province of People’s Republic of China.

FEEC recently announced a significant increase of 42% in its Gas pricing for 2014, taking effect from 1st of January. The company also announced that there has been an increase in gas volumes as well but because of the recent negotiations with the Shanxi Provincial Guoxin (SPG) regarding the rising and sturdy demand for natural gas from Shanxi Province itself, the CBM prices have to be increased.

Subsequently on this occasion the CEO of the Far East was still looking very optimistic.

To find out what OTCMAGIC projects Far East Energy Corp, for both short term and long term please click here: FEEC

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