Far East Energy Announces Further Extension of Existing Loan Facility
OREANDA-NEWS. December 16, 2014. Far East Energy Corporation, the U.S. listed company that operates the Shouyang Coalbed Methane (CBM) Production Sharing Contract (PSC) in Shanxi Province, People's Republic of China, is pleased to announce a further extension of the maturity date of its existing Facility Agreement with Standard Chartered Bank (SCB).
The maturity date of the Facility Agreement with SCB has been extended to December 31, 2014, from the previous maturity date of December 5, 2014.
Commenting, CFO Jennifer Whitley said, "We are pleased to announce this extension and SCB's ongoing support during the company's continuing strategic negotiations involving various third parties."
Far East Energy Corporation (FEEC) will continue to advise its shareholders at appropriate times, and with appropriate details, as developments progress.
Far East Energy Corporation is based in Houston, Texas, with an office in Beijing, China, Far East Energy Corporation is focused on coalbed methane exploration and development in China.
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