10 May 2004director interest notice● Neutral
Bruce N Huff became a FAR EAST ENERGY CORP Chief Financial Officer and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
31 Mar 2004late filing notice▼ Bad
FAR EAST ENERGY CORP notified the SEC that its annual report would be filed late.
19 Mar 2004director interest notice● Neutral
Thomas E Williams became a FAR EAST ENERGY CORP director and company insider (initial ownership filing).
19 Mar 2004director interest notice● Neutral
Garry Ward became a FAR EAST ENERGY CORP Sr. VP of Engineering and company insider (initial ownership filing).
3 Mar 2004director interest notice● Neutral
Zhendong Alex Yang became a FAR EAST ENERGY CORP VP of Exploration & Production and company insider (initial ownership filing).
24 Dec 2003asset acquisition disposition● Neutral
This is a second copy of the same December 2003 amendment on the Newark Valley acquisition (1.6 million shares plus $600,000 to North American Oil and Gas, about 147,535 net acres in eastern Montana), with identical text and nothing new. The financial statements were still promised in a later amendment.
24 Dec 2003asset acquisition disposition● NeutralMajor
This amendment, filed December 2003, reports the Newark Valley deal dated 31 December 2002: Far East Energy bought Newark Valley Oil & Gas from North American Oil and Gas for 1.6 million restricted shares plus $600,000 paid in three instalments ($100,000 at closing, $200,000 after five months, $300,000 after twelve). It brought about 147,535 net acres of undeveloped Montana rights, mostly federal leases, and gave North American piggyback registration rights on 800,000 shares. The filing says the financial statements and pro forma information were not yet ready and would follow in a later amendment.
24 Nov 2003director interest notice● Neutral
Mark Schaftlein became a FAR EAST ENERGY CORP Chief Financial Officer and company insider (initial ownership filing).
20 Nov 2003director interest notice● Neutral
FAR EAST ENERGY CORP Director of China Operations Tun Aye Sai received 1,000,000 shares and a 180,000-share option grant as part of the equity award.
17 Nov 2003late filing notice▼ Bad
FAR EAST ENERGY CORP notified the SEC that its quarterly report would be filed late.
12 Nov 2003drilling progress report▲ GoodMajor
Far East Energy began drilling its first exploration wells in the Enhong-Laochang coalbed methane blocks in Yunnan, moving from contract-signing to actual drilling for the first time.
23 Oct 2003director interest notice● Neutral
Michael R Mcelwrath became a FAR EAST ENERGY CORP President & CEO and company insider (initial ownership filing).
10 Sept 2003substantial holder notice● Neutral
Name RAB Europe Fund Limited, Name RAB Special Situations LP, Name RAB Partners Limited, Name RAB Capital Limited, Name William Philip Richards, Name Michael Alen-Buckley disclosed a new substantial FAR EAST ENERGY CORP shareholding (9.60% of votes).
14 Aug 2003late filing notice▼ Bad
FAR EAST ENERGY CORP notified the SEC that its quarterly report would be filed late.
14 May 2003late filing notice▼ Bad
FAR EAST ENERGY CORP notified the SEC that its quarterly report would be filed late.
15 Jan 2003asset acquisition disposition● Neutral
Far East Energy bought Newark Valley Oil & Gas and its Montana oil and gas interests for 1.6 million shares and $600,000 payable in instalments - a small US asset base bolted on to a company whose real business was in China.
13 Jan 2003asset acquisition disposition▲ GoodMajor
China's commerce ministry ratified the production sharing contract Far East Energy had signed with state partner CUCBM in January 2002, making its rights over 1,072 square kilometres at Enhong and Laochang in Yunnan legally effective. The company's core asset was now secure on paper; proving it held gas was the harder part.
1 Aug 2002asset acquisition disposition● Neutral
This amendment gives the full terms of the June 2002 Panjiang coal mine methane joint venture: $3.3 million payable in four instalments from month 13 to month 33, 16 million cubic metres a year of untreated gas supplied to Panjiang for employee households, and the company funding operations over a 20-year term. It keeps 100% of profits for seven years, then pays Panjiang 10% in year eight, 20% in years nine to sixteen and 50% in years seventeen to twenty, and can withdraw on 90 days' notice. The filing adds pro forma accounts showing the $3.3 million as both an asset and a long-term liability, with no effect on operating results.
13 June 2002substantial holder notice● Neutral
Jawaharlal Gondi disclosed a new substantial FAR EAST ENERGY CORP shareholding (15.30% of votes).
7 June 2002asset acquisition disposition▲ GoodMajor
Far East Energy signed a Chinese joint venture with Panjiang Coal-Electricity to capture coal mine methane from six working coal mines across 120 square kilometres, agreeing to pay Panjiang $3.3 million over three years for the rights. Its first operating position in China alongside the exploration contracts.
14 May 2002auditor change● Neutral
Far East Energy switched auditors from Vancouver's De Visser & Gray to a Texas firm after moving its head office from British Columbia to Houston - the administrative marker of a Nevada shell repositioning itself as a US-run China gas venture. No disagreement was involved.