07/26/04: China Looking at Coalbed Methane to Ease Transition to Natural Gas

07/23/04: Board Appointment Raises Bar for Corporate Governance Standards

6/3/04: ConocoPhillips Retired Sr. VP Joins Far East Energy's Board of Directors

5/27/04: Far East Energy Adds Two International Oil and Gas Industry Leaders as Outside Directors

5/19/04: Far East Energy Meets Financial Obligation for ConocoPhillips Agreement for Million-Acre Coalbed Methane Project in China

5/13/04: Bruce Huff Joins Far East Energy as Chief Financial Officer

4/19/04: China Ministry of Commerce Approves Far East Energy/ConocoPhillips Agreement; Favorable Results from Third Well in Yunnan Province Reported

4/14/04: U.S. Sees Huge Growth in World Energy Demand

3/18/04: Far East Energy Spuds Third Well in China

3/17/04: Far East Energy Reports Test Results on Second China CBM Well

3/16/04: China Puts Investment in Natural Gas

3/16/04: Far East Energy Reports Expands Management Team, Adds Outside Director

2/12/04: Far East Energy Expresses Concern Over Existence of Undisclosed Control Group Of Stockholders

1/29/04: Far East Energy Begins Drilling Second Gas Well in China

1/29/04: Far East Energy Second Gas Well Drilling Detail

1/03/04: Far East Energy Learns From SEC That "Certain Persons or Entities" May Have Failed to File Reports Disclosing Stock Ownership in Far East Energy

12/19/03: Far East Energy Applies to List its Common Stock on American Stock Exchange

12/18/03: Far East Energy to Respond to SEC Requests

12/12/03: Dec. 12, 2003 - Far East Energy's CEO Michael McElwrath to be Featured on CNNfn's "Money & Markets" at 4:00 p.m. EST Friday, Dec. 12, 2003

12/08/03: Far East Energy Hires CTA Public Relations for Investor Relations Program

12/04/03: Far East Energy Reports Excellent Test Results on First China CBM Well

11/12/03: Far East Energy Begins Gas Exploration in China

10/16/2003: Far East Energy Announces Results of Annual Meeting, Appointment of CEO And President

10/10/2003: Far East Energy Announces Completion of Financing Round, Compliance With SEC Document Request and Adjournment of Annual Meeting

3/19/2003: ConocoPhillips and Far East Energy Form Strategic Partnership to Develop Gas Fields in China

Houston, Texas - June 20, 2005 – Officials from Far East Energy Corporation (OTC BB: FEEC) of Houston have returned from China, where they attended an historic “red carpet” ceremony held last week at their first horizontal drilling site in China’s Shanxi Province.

The ceremony marked the commencement of drilling of the first of two horizontal coalbed methane (CBM) wells that Far East will drill in the Shouyang Block of Far East’s 1,057,650-acre CBM project area in Shanxi Province.  This CBM project is held by virtue of a farmout agreement from ConocoPhillips. 

Colorful banners and decorations dressed an impressive drilling platform that served as the backdrop for the multi-national group of executives who delivered speeches to a gallery of Chinese officials at the FCC-HZ01 well site, the first of two long-reach, underbalanced horizontal wells that Far East plans to drill in the Shouyang Block in 2005. 

The speakers highlighted growing demand for natural gas resources in China and the positive impact that a successful drilling effort would have on the future prospects for accelerated CBM development in China.  The ceremony was attended by Michael R. McElwrath, CEO and President of Far East Energy, along with other key officers of the company and, by Lin Jianhao, Vice President, and other senior officials of China United Coalbed Methane Ltd. (CUCBM), the Chinese partner of Far East Energy in the Shanxi project.  Officials from Shanxi Province and local governments were also in attendance.

“We believe that commencement of drilling of our first horizontal well in China represents a significant milestone in bringing commercial levels of CBM gas to the surface in an innovative manner that has the potential to generate substantial quantities of gas for the strong market in China,” McElwrath commented.

The highly publicized West-East Pipeline to Shanghai runs approximately ten kilometers (6 miles) south of the southern border of Far East Energy’s Shanxi Project, and, the Shanjing II Pipeline to Beijing, which is scheduled for completion in September 2005, is approximately 40 kilometers (25 miles) north of the northern border of the Shouyang Block.  The Shanxi Province also has several local projects planned that will potentially be seeking gas supplies in the future.

Based in Houston, Texas, with offices in Beijing and Kunming, China, Far East Energy Corporation is focused on the acquisition of, and exploration for, coalbed methane through its agreements with ConocoPhillips and China United Coalbed Methane Company (CUCBM). 

Statements contained in this press release that state the intentions, hopes, beliefs, anticipations, expectations or predictions of the future of Far East Energy Corporation and its management are forward-looking statements within the meaning of Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. It is important to note that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. Actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include: our lack of operating history; limited and potentially inadequate cash resources; risk and uncertainties associated with exploration, development and production of oil and gas; expropriation and other risks associated with foreign operations; matters affecting the oil and gas industry generally; lack of availability of oil and gas field goods and services; environmental risks; drilling and production risks; changes in laws or regulations affecting our operations, as well as other risks described in our Annual Report on Form 10-K and subsequent filings with the Securities and Exchange Commission.

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Far East Energy Corporation Announces Spudding of its First Horizontal Well in China  

Houston, Texas - June 8, 2005 - Far East Energy Corporation (OTC BB: FEEC) announced today it has commenced the first of two horizontal wells to be drilled in the Shouyang Block of Far East’s 4,280 square kilometers (1,057,650 acres) coalbed methane (CBM) project in Shanxi Province, which it holds by virtue of a farmout agreement from ConocoPhillips.  Far East Energy will drill its first two long-reach, underbalanced horizontal wells in the Shanxi Province of China beginning with the spudding of the (FCC-HZ01) well.  

FAR EAST ENERGY UPDATES OPERATIONS IN CHINA

Houston, Texas  – Feb. 24, 2005 – Far East Energy Corporation (OTC BB: FEEC) today released updated information on progress made in its coalbed methane projects in China.  Far East has begun several components of the work programs required under its Production Sharing Contracts for its projects in Yunnan and in Shanxi Provinces, China. 

Enhong No. 1 Well Stimulation – Yunnan Province Project

Far East has hydraulically fractured the Enhong No. 1 well in the #9 and #16 coal seams as part of the work program for Phase I of the Yunnan project. Far East is presently flowing the #9 coal seam, with gas flowing to the surface at a pressure of 30 psi. The #16 seam was stimulated separately from the #9 coal seam, with the intention of commingling both zones after gathering information on the #9 coal seam.  Its current plan is to produce both zones for at least three months.  This test is designed to measure reservoir permeability and pressure.  Through this testing Far East will gain a greater knowledge of the prospective coal seams that will be targeted for horizontal drilling in the fourth quarter of 2005 in Yunnan Province. 

Slim Holes Being Drilled in Yunnan Province Project

Far East has completed its first slim hole, designed to test the coal seams in the Enhong Block, and has collected coal samples from the #9, #14, #16 and #19 coal seams.  These samples are currently undergoing lab analysis for gas content, gas composition and coal composition.

The second slim hole is currently drilling and should be completed to a depth of approximately 500 meters by the end of February 2005.  Results of the two slim holes will be used to assess the quality of the gas content and further confirm the characteristics of the coal seams in the Yunnan Province project in preparation for the drilling of a horizontal well in late 2005. 

QN-002 Well Stimulation and Test – Shanxi Province Project

Far East expects dewatering of the QN-002 well to be completed in late March 2005.  Far East has gathered information on the reservoir pressure and permeability around the wellbore, and both permeability and pressure are in the range it anticipated. Thus, when this test is completed, Far East will be able to use that data in the next phase of drilling in its million-plus acre Shanxi Project.

Horizontal Drilling Plans for 2005 for Shanxi and Yunnan Province Projects

Far East has selected locations for the drilling of two horizontal wells in Shanxi and one in Yunnan and is currently evaluating several companies that bring state-of-the-art horizontal and underbalanced drilling technology to the table.  The overall drilling package will be assembled over the next few months.  

Yunnan Project Work Obligation

On February 23, 2005, Far East elected to enter Phase Two of its Production Sharing Contract for the Yunnan Province.  In conjunction with the work program for Phase Two, Far East expects to spud a horizontal well in the Yunnan Province by November 2005.  

Proceeds Raised to Provide Funds for Work Program

As previously announced, Far East has recently raised approximately $12.2 million in gross proceeds in private equity placements and another $1 million from the sale of leased acreage in Montana.  These proceeds will be applied toward the work plans for Far East Energy’s projects in China for 2005. 

“Now the real work begins,” said Michael R. McElwrath, President and CEO of Far East Energy. “With the necessary funding in the bank, we can embark upon underbalanced horizontal drilling, which we believe holds the key to unlocking the full potential of coalbed methane in China.” 

Based in Houston, Texas, with offices in Beijing and Kunming, China, Far East Energy is focused on the acquisition of, and exploration for, coalbed methane through its agreements with ConocoPhillips and China United Coalbed Methane Company (CUCBM).

Statements contained in this press release that state the intentions, hopes, beliefs, anticipations, expectations or predictions of the future of Far East Energy Corporation and its management are forward-looking statements within the meaning of Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. It is important to note that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. Actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include: our lack of operating history; limited and potentially inadequate cash resources; risk and uncertainties associated with exploration, development and production of oil and gas; expropriation and other risks associated with foreign operations; matters affecting the oil and gas industry generally; lack of availability of oil and gas field goods and services; environmental risks; drilling and production risks; changes in laws or regulations affecting our operations, as well as other risks described in our Annual Report on Form 10-KSB and subsequent filings with the Securities and Exchange Commission.

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Far East Energy Appoints Tim Whyte as Director and John Mihm as Chairman of the Board

Houston, Texas – January 19, 2005 – Far East Energy Corporation (OTC BB: FEEC) announced today that Tim Whyte was elected to the board as a new director, and current independent director, John Mihm, was elected to an expanded role as Chairman the Board.  The new appointments were effective on January 18, 2005.

John Mihm joined the board of Far East Energy in June of 2004 as an independent director and chairs the Board’s Compensation Committee.  The appointment by the Board of an independent director as Chairman underscores the Company's commitment to high corporate governance standards. Far East Energy is one of the largest holders of coalbed methane acreage in China, with production sharing contracts covering over 1.3 million acres.  Mr. Mihm’s election as Chairman reflects the contributions he has made to the Company based on his substantial experience in China and at the senior levels of the international petroleum industry.  Mr. Mihm was employed by Phillips Petroleum for almost four decades and held the position of Senior Vice President of Technology and Project Development for Phillips Petroleum (now ConocoPhillips) prior to his retirement in 2003. He has worked on Phillips’ projects in China since the early 1980’s, which includes supplying technical support for the ConocoPhillips Shanxi project prior to its farmout to Far East Energy. 

Tim Whyte began his career in finance at Goldman Sachs International and is currently an investment manager with Sofaer Capital Inc. based in London.  Mr. Whyte was elected Director by the Company's Board after his recommendation by the Company’s Nominating and Corporate Governance Committee.  Mr. Whtye serves as the representative for an investor group in a $10.25 million private placement with Far East Energy closed on December 21, 2004.  Mr. Whyte has had a successful career focused in investment management in the energy and natural gas industry after completing his degree in economics from the London School of Economics.  Mr. Whyte brings a background of a wide range of corporate finance experience including management positions with a large investment fund in Europe. 

Michael McElwrath, President and CEO of Far East Energy, commented on the recent Board changes.  “Our Board has a valuable resource in John Mihm, which we wanted to further leverage by asking him to serve as Chairman.  John has a wealth of experience in China and the respect of industry leaders worldwide, and we expect that his increased involvement will benefit our shareholders.  I look forward to working closely with him in his new role and together we look forward to the challenge of turning the Company's enormous potential into a reality.  We believe that Tim Whyte, as representative for a key investor group and now as a new Director, will be an important catalyst in advancing the Company’s plans in China.  He brings strong financial acumen and gas markets expertise and will be a major asset in both respects.  We welcome both Tim Whyte and John Mihm in their new roles, and know that they will further enhance one of the greatest strengths of our Company – namely, the very active participation and contribution of our Directors to corporate governance and operational matters.”

Based in Houston, Texas, with offices in Beijing and Kunming, China, Far East Energy Corporation is focused on the acquisition of, and exploration for, coalbed methane through its agreements with ConocoPhillips and China United Coalbed Methane Company (CUCBM).  For more information, please go to Based in Houston, Texas, with offices in Beijing and Kunming, China, Far East Energy Corporation is focused on the acquisition of, and exploration for, coalbed methane through its agreements with ConocoPhillips and China United Coalbed Methane Company (CUCBM).  For more information, please go to www.fareastenergy.com.

Statements contained in this press release that state the intentions, hopes, beliefs, anticipations, expectations or predictions of the future of Far East Energy Corporation and its management are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  It is important to note that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties.  Actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward- looking statements include:  our lack of operating history; limited and potentially inadequate management of our cash resources; risk and uncertainties associated with exploration, development and production of oil and gas; expropriation and other risks associated with foreign operations; matters affecting the oil and gas industry generally, lack of availability of oil and gas field goods and services, environmental risks, drilling and production risks; changes in laws or regulations affecting our operations, the impact of uncertainties of litigation, as well as other risks described in our Annual Report on Form 10-KSB and subsequent filings with the Securities and Exchange Commission.  Far East Energy Corporation undertakes no obligation to, but may choose to, publicly update or revise any forward-looking statements as a result of new information, future events or otherwise.

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Director Resigns from Far East Energy Board

Houston, Texas – January 4, 2005 – Far East Energy Corporation (OTC BB: FEEC) has accepted the resignation of Jawaharlal Gondi, a director of the company, so that Mr. Gondi may pursue other opportunities.  All other members of the Board of Directors will continue to serve as directors of the company. 

Based in Houston, Texas, with offices in Beijing and Kunming, China, Far East Energy Corporation is focused on the acquisition of, and exploration for, coalbed methane through its agreements with ConocoPhillips and China United Coalbed Methane Company (CUCBM).  For more information, please go to www.fareastenergy.com.

Statements contained in this press release that state the intentions, hopes, beliefs, anticipations, expectations or predictions of the future of Far East Energy Corporation and its management are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  It is important to note that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties.  Actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward- looking statements include:  our lack of operating history; limited and potentially inadequate management of our cash resources; risk and uncertainties associated with exploration, development and production of oil and gas; expropriation and other risks associated with foreign operations; matters affecting the oil and gas industry generally, lack of availability of oil and gas field goods and services, environmental risks, drilling and production risks; changes in laws or regulations affecting our operations, the impact of uncertainties of litigation, as well as other risks described in our Annual Report on Form 10-KSB and subsequent filings with the Securities and Exchange Commission.  Far East Energy Corporation undertakes no obligation to, but may choose to, publicly update or revise any forward-looking statements as a result of new information, future events or otherwise.

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Far East Energy Announces the Closing of $10.25 Million Equity Financing for China Operations

Houston, TX, December 27, 2004 - Far East Energy Corporation (OTC BB: FEEC) announced today that it has received total gross proceeds of $10.25 million in a private placement of shares of its common stock with investors located outside the United States. The Company intends to use the proceeds to finance a portion of its operations in China, including planned horizontal drilling for coalbed methane in 2005, and for working capital purposes.

The Company issued, at a price of $1.60 per unit, a total of 6,406,250 units. Each unit consisted of two shares of common stock and one warrant with a term of three years and an exercise price of $2.50 per share, for a total of 12,812,500 shares of common stock and 6,406,250 warrants. The Company will pay commissions of $820,000 and will issue placement agent warrants to purchase 1,537,500 shares of common stock in connection with this transaction.

The securities have not been registered under the Securities Act of 1933 or under any state securities laws, and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This press release does not constitute an offer, offer to sell, or solicitation of an offer to buy any securities in any jurisdiction in which such offering, solicitation or sale would be unlawful.

Based in Houston, Texas, with offices in Beijing and Kunming, China, Far East Energy is focused on the acquisition of and exploration for, coalbed methane through its agreements with ConocoPhillips and China United Coalbed Methane Company (CUCBM).

Statements contained in this press release that state the intentions, hopes, beliefs, anticipations, expectations or predictions of the future of Far East Energy Corporation and its management are forward-looking statements within the meaning of Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. It is important to note that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. Actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include: our lack of operating history; limited and potentially inadequate cash resources; risk and uncertainties associated with exploration, development and production of oil and gas; expropriation and other risks associated with foreign operations; matters affecting the oil and gas industry generally; lack of availability of oil and gas field goods and services; environmental risks; drilling and production risks; changes in laws or regulations affecting our operations, as well as other risks described in our Annual Report on Form 10-KSB and subsequent filings with the Securities and Exchange Commission.

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Houston, TX, September 27, 2004 - Far East Energy Corporation (OTC BB: FEEC) announced today that the hydraulic fracture stimulation test was successfully completed on the QN-002 well drilled previously by ConocoPhillips on its acreage in the Qinnan Block located in the Shanxi Province of China. The test was performed on the #3 coal seam at a depth of 550 meters (1,800 feet). The well is in the process of being dewatered. Initial gas production from the coal seam would be possible in the next 30 to 60 days.

The #3 coal seam is extensively mined in Shanxi Province and has an average gas content of 600 scf/ton and thickness of 4 to 7 meters (i.e. 13 to 23 feet). The production from this well will be monitored for a period of 90 to 180 days. The test of the QN-002 well is the first fracture stimulation of a vertical well performed by Far East in China on its acreage, which amounts to over 1.3 million acres.

"We are extremely pleased with the successful fracture process on the first of the stimulation jobs on our projects in China," said Michael McElwrath, Chairman and CEO of Far East Energy. "We continue planning to use the best technical methods to unlock the potential value of these coalbed methane projects for our shareholders. We are continuing our plans to drill horizontally in the two projects we have in China in the coming months and will announce those plans as they are finalized."

Based in Houston, Texas, with offices in Beijing and Kunming, China, Far East Energy is focused on the acquisition of and exploration for, coalbed methane through its agreements with ConocoPhillips and China United Coalbed Methane Company (CUCBM).

Statements contained in this press release that state the intentions, hopes, beliefs, anticipations, expectations or predictions of the future of Far East Energy Corporation and its management are forward-looking statements within the meaning of Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. It is important to note that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. Actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include: our lack of operating history; limited and potentially inadequate cash resources; risk and uncertainties associated with exploration, development and production of oil and gas; expropriation and other risks associated with foreign operations; matters affecting the oil and gas industry generally; lack of availability of oil and gas field goods and services; environmental risks; drilling and production risks; changes in laws or regulations affecting our operations, as well as other risks described in our Annual Report on Form 10-KSB and subsequent filings with the Securities and Exchange Commission.

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Houston, TX, September 8, 2004 - Far East Energy Corporation (OTC BB: FEEC) announced today the following updates on its progress in China.

$6.0 Million in New Capital Raised in First Half of 2004
Far East Energy has brought into the company during the first half of 2004 approximately $6.0 million in net cash proceeds from equity placements and the exercise of outstanding warrants. These proceeds are being used in the performance of Phase 1 work requirements on Far East Energy's Yunnan and Shanxi Province projects.

Contract Signed for Hydraulic Fracture Test of Shanxi Well for September
Far East Energy signed a contract with a service company on September 4, 2004 to perform a hydraulic fracture test in September on one of the wells drilled previously by ConocoPhillips on its acreage in the Qinnan Block located in the Shanxi Province of China. The Shanxi contract area covers approximately 1,058,000 acres and comprises the acreage under the farmout agreement between the company and ConocoPhillips with partner, CUCBM. This test of a vertical well drilled by ConocoPhillips will be accomplished by fracturing one of the coal seams encountered in the initial drilling. The dewatering process on this well should last several months with the company monitoring for gas and water production generated after the fracture process.

Contracts Revised to Drill First Horizontal Wells
Discussions with Far East Energyís partner, CUCBM, have resulted in a revised plan to utilize horizontal drilling to explore and develop the coalbed methane resources in the companyís two project areas in the Yunnan and Shanxi Provinces. These horizontal wells will be among the first horizontal wells drilled in China for coalbed methane exploration. The revised terms of the project in the Yunnan Province allow the company to drill one horizontal well after testing two of its three vertical wells to satisfy the Phase 1 work program. The revised Shanxi Province project, under farmout from ConocoPhillips, requires the company to satisfy the Phase 1 requirements to test two of the three wells previously drilled by ConocoPhillips, and then to enter Phase 2 with the commitment to drill one horizontal well in that project acreage.

"As in any oil or gas project, selection of the best location for drilling, and application of the most efficient technology can be the keys to success," said Michael McElwrath, Chairman and CEO of Far East Energy.

"In selecting our well locations, drilling and completion technologies, Garry Ward, our Sr. VP Engineering, and Alex Yang, the Sr. VP Exploration & Production, have applied not only their own considerable acumen, but have also been able to actively engage the expertise of our Board, among whom are numbered a former Sr. VP of ConocoPhillips, a former Senior Exploration Geophysicist for Exxon and Saudi Aramco, a VP of drilling technology leader Maurer Technology, and a former U.S. Department of Energy Deputy Assistant Secretary of Energy for Natural Gas and Petroleum Technology. The independent board members are serving as a critical planning resource as we determine the best technical methods to unlock the potential value for these coalbed methane projects."

Based in Houston, Texas, with offices in Beijing and Kunming, China, Far East Energy is focused on the acquisition of, and exploration for, coalbed methane through its agreements with ConocoPhillips and China United Coalbed Methane Company (CUCBM).

Statements contained in this press release that state the intentions, hopes, beliefs, anticipations, expectations or predictions of the future of Far East Energy Corporation and its management are forward-looking statements within the meaning of Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. It is important to note that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. Actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include: our lack of operating history; limited and potentially inadequate cash resources; risk and uncertainties associated with exploration, development and production of oil and gas; expropriation and other risks associated with foreign operations; matters affecting the oil and gas industry generally; lack of availability of oil and gas field goods and services; environmental risks; drilling and production risks; changes in laws or regulations affecting our operations, as well as other risks described in our Annual Report on Form 10-KSB and subsequent filings with the Securities and Exchange Commission.

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Far East Energy Expands Management Team, Adds Outside Director

Houston, Texas -Mar. 16, 2004 - Far East Energy Corporation (OTC BB: FEEC) has named Garry Ward as its senior vice president, engineering. Ward's career spans 23 years in the petroleum industry, where his primary focus has been on the evaluation of oil and gas properties throughout the United States. Ward has been involved in the evaluation of coalbed methane prospects, primarily in the San Juan and Powder River basins, since 1992. In addition, he has over 20 years' experience in petroleum software development and has written numerous programs for use in the evaluation of oil and gas assets.

Ward previously served as reservoir manager for 3TEC Energy and as vice president of engineering and production for Floyd Oil Company. He holds a Master of Science degree in Petroleum Engineering from the University of Houston, is a registered professional engineer in the state of Texas and has been a member of the Society of Petroleum Engineers since 1978.

Additionally, Far East has named Thomas E. Williams to its board of directors. Williams is presently vice president of Maurer Technology, a drilling technology subsidiary of Noble Corporation. Williams held senior executive positions at the Department of Energy and the Department of Interior during the first Bush administration, following which he served as business development director at Houston's Westport Technology Center, a leading upstream oil and gas research company that was acquired by Dresser Industries which later merged with Halliburton. Williams is co-founder and serves on the board of directors of Cementing Solutions, Inc., an oil and gas cementing and technology company based in Houston.

Williams serves on a number of professional oil and gas organizations, associations and boards including the Independent Petroleum Association of America, the Petroleum Technology Transfer Council's advisory group and national board, the Texas Independent Producers and Royalty Owners Association, the Society of Petroleum Engineers, the American Association of Drilling Engineers and others. He has authored more than 100 energy publications and articles during his 20 years in the industry.

Commenting on these appointments, Michael McElwrath, chief executive officer of Far East Energy, said, "During his tenure with Floyd Oil, Garry Ward evaluated a large number of oil and gas properties for acquisition and then designed the field development and stimulation packages for the properties that were acquired. This extensive background and Garry's ability to both evaluate field project economics and to design complex production programs for gas field development will be very valuable to the strategic planning and operations of Far East Energy. His expertise in big-picture project economics will be a tremendous asset as we design the strategy to maximize the economics of our coalbed methane holdings in China, including designing field stimulations and development programs for our holdings with ConocoPhillips in Shanxi Province.

"Tom Williams is a remarkable individual and will make a valuable addition our board of directors. He is well known throughout the industry as an innovator who brings boundless energy and strategic thinking to any situation, and Far East will greatly benefit from his strong industry experience, insight and enthusiasm."

Based in Houston, Texas, with offices in Beijing and Kunming, China, Far East Energy is focused on the acquisition of, and exploration for, coalbed methane through its agreements with ConocoPhillips and China United Coalbed Methane Company (CUCBM). For more information, go to www.fareastenergy.com.

This News Release may contain forward-looking statements relating to future plans, events or other matters. Such statements involve numerous risks and uncertainties. Actual events may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this News Release. No obligation is undertaken to release revisions to these forward-looking statements to reflect events or circumstances after the date of this News Release. Further information about the risks and uncertainties faced can be found in applicable filings with the Securities and Exchange Commission.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Far East Energy Corp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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Feb. 12, 2004 - Far East Energy Expresses Concern Over Existence of Undisclosed Control Group Of Stockholders

HOUSTON--(PRNewswire-FirstCall)--Far East Energy Corporation (OTC Bulletin Board: FEEC -News) announced today that it has received information that one or more persons may have acquired a large block of Far East's common stock without disclosing their ownership and control of the stock as required by the U.S. Securities Exchange Act of 1934 (the "Exchange Act"). Previously, on January 3, 2004, Far East announced that it had learned that the SEC is investigating possible violations of federal securities laws in connection with ownership and trading of Far East's stock. In response to a subpoena from the Securities and Exchange Commission (SEC), Far East has provided information in its possession concerning the possibility of undisclosed stock ownership to the SEC.

The Exchange Act and SEC rules require that a person or group of persons who acquire more than 5% of a class of equity securities that are registered under the Exchange Act must report their holdings in a Schedule 13D filing with the SEC within 10 days after they become 5% shareholders, and must thereafter report changes in their ownership of the securities. In addition, Section 16(a) of the Exchange Act generally requires that owners of more than 10% of a class of stock that is registered under the Exchange Act, must report changes in their holdings within 48 hours of an acquisition or disposition of the securities.

If a person or group owns a large block of stock of a publicly traded company, particularly if that stock is not subject to restrictions on its purchase and sale on the open market, there is a risk that the person or group could sufficiently control the market for the stock to drive the stock's trading price stock up or down, and thereby the undisclosed control group could reap trading profits at the expense of other public investors. In addition, Schedule 13D requires owners of a control group of stock to disclose their intentions with respect to management or control of the company. Far East is making this announcement to alert the public that an undisclosed control group might exist.

Based in Houston, Texas, with offices in Beijing and Kunming, China, Far East Energy is focused on the acquisition of, and exploration for coalbed methane through its agreements with ConocoPhillips and China United Coalbed Methane Company.

This News Release may contain forward-looking statements relating to future plans, events or other matters. Such statements involve numerous risks and uncertainties. Actual events may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this News Release. No obligation is undertaken to release revisions to these forward-looking statements to reflect events or circumstances after the date of this News Release. Further information about the risks and uncertainties faced can be found in applicable filings with the Securities and Exchange Commission.

" Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Far East Energy Corp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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Jan. 29, 2004 - Far East Energy Begins Drilling Second Gas Well in China

Beijing, China - Far East Energy Corporation (OTC BB: FEEC) has begun drilling its second gas well (FCY-EH02) on the Enhong-Laochang coalbed methane (CBM) block in the Yunnan Province of southern China, with a third test well (FCY-EH03) scheduled to drill in February.

As announced in early December, preliminary test results from the first well were excellent, with strong indications of coalbed methane gas. Drilling of the second and third wells should be completed by early spring, with testing and analysis to determine sustained production rates completed by July. A fourth and fifth well will be drilled by late spring with de-watering and testing to take place during the second quarter.

"Assuming we get favorable results as we did with our first test well, we expect to drill eight more wells during the second half of this year, bringing the total to 13 wells in Yunnan Province," said Michael McElwrath, chairman of Far East Energy. We expect to expend approximately $1.1 million to drill and conduct desorption tests on these first three wells, as well as to pay expenses for CUCBM salaries, assistance fees, training fees, and other related expenses. Many of these expenditures have already been made."

He added that successful production from several wells will be required to attract a pipeline or LNG (liquefied natural gas) plant in Yunnan Province. "With the vast amount of positive technical data already available and reviewed, we believe Far East Energy will achieve that level of production. Furthermore, the demand for gas in south China is increasing at a rate sufficient to justify a pipeline or LNG facility in the area.

Meanwhile, the company is awaiting approval from the Chinese Ministry of Commerce relative to its farmout and assignment agreements with Phillips China, a subsidiary of Conoco-Phillips, in which Far East Energy agreed to acquire 40% of Phillips China's 70% interest in two Production Sharing Contracts (PSC) in Shanxi Province.

Currently, Phillips China, CUCBM (China United Coalbed Methane Company) and Far East Energy have a 30%, 30% and 40% interest in the projects respectively. "We are hopeful for approval by this spring," said McElwrath. Under the terms of the agreement, Far East Energy has committed to fracture, stimulate and production test the gas flows from three wells drilled by Phillips China. The initial technical data collected and analyzed by Phillips China is encouraging.

"We anticipate that by the end of the second quarter of 2004, the first five wells will be undergoing, or will have already undergone, dewatering testing. Full associated costs for the Enhong - Laochang Project through the second quarter of 2004 (including drilling and testing the first five wells, plus associated CUCBM expenses) are expected approximate $2,500,000, including amounts already expended on the first well. In the last six months of 2004, provided the aforementioned operations proceed according to plan, and barring unforeseen funding difficulties, we expect to drill eight more wells on the Enhong and Laochang tracts, at an all-in cost of approximately $4,500,000. We expect to fund these activities with our existing capital, the exercise of warrants issued to investors in our recently completed offering, and new capital from third parties.

"We believe that we have sufficient cash to fund operating needs and financial obligations through mid-2004. We anticipate incurring approximately $4.6 to $5.1 million in exploration and development expenses in the first half of 2004. This figure could be as high as $6.5 million if we elect to post cash reserves in lieu of performance bonds as required by the ConocoPhillips agreements in Shanxi.

"Overall, we are very pleased with our operations in China," McElwrath said. "We are on schedule and gratified with our progress to date."

Based in Houston, Texas, with offices in Beijing and Kunming, China, Far East Energy is focused on the acquisition of, and exploration for coalbed methane through its agreements with ConocoPhillips and China United Coalbed Methane Company (CUCBM).
For more information, go to www.fareastenergy.com.

Michael McElwrath is chairman, president and chief executive officer of Far East Energy. Before joining Far East Energy, he was Vice President of TMP/Hudson Global Resources. McElwrath also served as Acting Assistant Secretary of Energy in the first Bush Administration, charged with development of the nation's coal, oil, and gas policies and with management of $2.1 billion in programs including the Clean Coal Program, the National Oil and Gas Research Program, and the Strategic Petroleum Reserve. He was an international Negotiator and Policy Advisor in the Reagan Administration. Upon leaving the Bush Administration he had worked as Director of the National Institute for Petroleum and Energy Research and Director of British Petroleum's outsourced exploration and production lab for the Americas. In addition, he holds a J.D. from the University of Texas School of Law, as well as a B.A Honors Program.

This News Release may contain forward-looking statements relating to future plans, events or other matters. Such statements involve numerous risks and uncertainties. Actual events may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this News Release. No obligation is undertaken to release revisions to these forward-looking statements to reflect events or circumstances after the date of this News Release. Further information about the risks and uncertainties faced can be found in applicable filings with the Securities and Exchange Commission.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Far East Energy Corp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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Jan. 29, 2004 - Far East Energy Second Gas Well Drilling Detail

Beijing, China - Far East Energy Corporation (OTC BB:FEEC) has issued the following press release to correct and expand upon statements in their press release of earlier today as well as their Dec. 4, 2003 press release concerning results of their first well drilled in Yunnan Province, China.

While it is correct that drilling of the second and third wells should be completed by early spring, we will not conduct testing and analysis "to determine sustained production rates", to be " completed by July".

The first 5 wells to be drilled in our Enhong-Laochang blocks in Yunnan Province, China, are properly characterized as exploration test wells. These five exploration test wells will be tested to determine gas content, gas quality, desorption from dewatering, permeability, and cold seam thickness. They will not be tested in the exploration phase for sustained production rates. If these first five exploration test wells reveal favorable gas content, gas quality, desorption from dewatering, permeability, and cold seam thickness, then we will move to phase II which is the phase in which we actually test production from selected wells. In phase II, the test production phase, we will select two of our first five well locations and around each of these two selected locations we will drill an additional four wells intended to test potential production. Then if production from these pilot test production wells is satisfactory, we will move into the overall development stage in which we will begin to drill and complete multiple wells with an eye to actual production.

If we achieve favorable results from both the exploration and test production wells described above (13 wells total), and move into the overall development (production) phase, it is hoped that production from numerous wells will encourage consideration of a pipeline or LNG facility in Yunnan Province. This could then allow us to market our gas once sufficient production volumes are achieved.

Finally, it is important to note that in addition to cash on hand, additional investments will be required to fund operating needs and financial obligations through mid-2004.

Based in Houston, Texas, with offices in Beijing and Kunming, China, Far East Energy is focused on the acquisition of, and exploration for coalbed methane through its agreements with ConocoPhillips and China United Coalbed Methane Company (CUCBM).
For more information, go to www.fareastenergy.com.

Michael McElwrath is chairman, president and chief executive officer of Far East Energy. Before joining Far East Energy, he was Vice President of TMP/Hudson Global Resources. McElwrath also served as Acting Assistant Secretary of Energy in the first Bush Administration, charged with development of the nation's coal, oil, and gas policies and with management of $2.1 billion in programs including the Clean Coal Program, the National Oil and Gas Research Program, and the Strategic Petroleum Reserve. He was an international Negotiator and Policy Advisor in the Reagan Administration. Upon leaving the Bush Administration he had worked as Director of the National Institute for Petroleum and Energy Research and Director of British Petroleum's outsourced exploration and production lab for the Americas. In addition, he holds a J.D. from the University of Texas School of Law, as well as a B.A Honors Program.

This News Release may contain forward-looking statements relating to future plans, events or other matters. Such statements involve numerous risks and uncertainties. Actual events may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this News Release. No obligation is undertaken to release revisions to these forward-looking statements to reflect events or circumstances after the date of this News Release. Further information about the risks and uncertainties faced can be found in applicable filings with the Securities and Exchange Commission.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Far East Energy Corp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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Jan. 03, 2004 - Far East Energy Learns From SEC That "Certain Persons or Entities" May Have Failed to File Reports Disclosing Stock Ownership in Far East Energy

Houston, Texas - Far East Energy Corporation (OTC BB: FEEC) announced today that it has learned from the Securities and Exchange Commission (SEC) that the SEC is investigating whether "certain persons or entities" from "at least January 1, 2000 through the present" may have violated federal securities laws in connection with their ownership and trading of securities in Far East Energy.

The SEC noted that these certain persons or entities may have acquired more than 5% of common stock in Far East Energy without making this transaction public in a Schedule 13D filing with the SEC within 10 days after the purchase is made as required by federal securities laws. The SEC is also looking into whether anyone may have acquired more than 10% of Far East Energy's outstanding common stock and failed to file reports of purchases and sales as required by Section 16(a) of the Securities Exchange Act of 1934. In addition, the SEC is investigating whether certain persons or entities may have communicated false and misleading information about Far East Energy. Management does not know of any acquisitions in excess of 5% of its outstanding shares, except for those described in previous 13D filings with the SEC. Far East Energy currently has about 56 million shares of common stock outstanding.

In response to this new information, Mike McElwrath, chairman and chief executive officer of Far East Energy, made the following statement: "We intend to continue to cooperate with the SEC in this matter. Reporting share ownership is the obligation of individual shareholders. The company encourages all of its shareholders who acquire material amounts of stock to comply with reporting requirements. Notwithstanding the substantial asset base of Far East Energy in China, this company's most important asset still is, and always will be, our credibility. We will continue to aggressively explore and develop our properties in China and report all material developments in an accurate, timely manner."

Based in Houston, Texas, with offices in Beijing and Kunming, China, Far East Energy is focused on the acquisition of, and exploration for coalbed methane through its agreements with ConocoPhillips and China United Coalbed Methane Company (CUCBM).
For more information, go to www.fareastenergy.com.

Michael McElwrath is chairman, president and chief executive officer of Far East Energy. Before joining Far East Energy, he was Vice President of TMP/Hudson Global Resources. McElwrath also served as Acting Assistant Secretary of Energy in the first Bush Administration, charged with development of the nation's coal, oil, and gas policies and with management of $2.1 billion in programs including the Clean Coal Program, the National Oil and Gas Research Program, and the Strategic Petroleum Reserve. He was an international Negotiator and Policy Advisor in the Reagan Administration. Upon leaving the Bush Administration he had worked as Director of the National Institute for Petroleum and Energy Research and Director of British Petroleum's outsourced exploration and production lab for the Americas. In addition, he holds a J.D. from the University of Texas School of Law, as well as a B.A Honors Program.

This News Release may contain forward-looking statements relating to future plans, events or other matters. Such statements involve numerous risks and uncertainties. Actual events may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this News Release. No obligation is undertaken to release revisions to these forward-looking statements to reflect events or circumstances after the date of this News Release. Further information about the risks and uncertainties faced can be found in applicable filings with the Securities and Exchange Commission.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Far East Energy Corp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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Dec. 19, 2003 - Far East Energy Applies to List its Common Stock on American Stock Exchange

Houston, Texas - Far East Energy Corporation (OTC BB: FEEC) has applied to list its common stock on the American Stock Exchange.

Acceptance of Far East Energy's application is subject to approval by the American Stock Exchange.

Based in Houston, Texas, with offices in Beijing and Kunming, China, Far East Energy is focused on the exploration and development of some of the largest coalbed methane (CBM) gas projects in the world through its agreements with ConocoPhillips and China United Coalbed Methane Company (CUCBM).

For more information, go to www.fareastenergy.com.

This News Release may contain forward-looking statements relating to future plans, events or other matters. Such statements involve numerous risks and uncertainties. Actual events may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this News Release. No obligation is undertaken to release revisions to these forward-looking statements to reflect events or circumstances after the date of this News Release. Further information about the risks and uncertainties faced can be found in applicable filings with the Securities and Exchange Commission.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Far East Energy Corp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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Dec. 18, 2003 - Far East Energy to Respond to SEC Requests

Houston, Texas - Far East Energy Corporation (OTC BB: FEEC) announced that on December 16, 2003, the company received a subpoena from the Securities and Exchange Commission, requesting documents relating to the preliminary results of its exploratory well in the Laochang Block, Yunnan Province, China as announced in a December 4, 2003 press release. Far East Energy has extensive data related to the preliminary results of its first well, including wireline logs, coring records, drilling reports, and preliminary desorption results, which it is working diligently to provide to the SEC by Monday, December 22, 2003. The SEC also requested various documents related to the company's communications with InvesTrend, a provider of financial intelligence programs. The company expects to respond to all of the SEC's requests by Monday.

For more information, go to www.fareastenergy.com.

This News Release may contain forward-looking statements relating to future plans, events or other matters. Such statements involve numerous risks and uncertainties. Actual events may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this News Release. No obligation is undertaken to release revisions to these forward-looking statements to reflect events or circumstances after the date of this News Release. Further information about the risks and uncertainties faced can be found in applicable filings with the Securities and Exchange Commission.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Far East Energy Corp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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Dec. 12, 2003 - Far East Energy's CEO Michael McElwrath to be Featured on CNNfn's
"Money & Markets" at 4:00 p.m. EST Friday, Dec. 12, 2003

Houston, Texas - Michael McElwrath, CEO of Far East Energy Corporation (OTC BB: FEEC) will be a featured guest on CNN Financial Network's "Money & Markets" at 4:00 p.m. EST December 12, 2003.

Based in Houston, Texas, with offices in Beijing and Kunming, China, Far East Energy is focused on the exploration and development of some of the largest coalbed methane (CBM) gas projects in the world through its agreements with ConocoPhillips and China United Coalbed Methane Company (CUCBM).

Based on estimates by ConocoPhillips and Yunnan Provincial Coal Geology Bureau, the Far East Energy project areas potentially contain 19.5-26 trillion cubic feet (Tcf) of CBM gas-in-place. These properties have been well explored and defined.

For more information, go to www.fareastenergy.com.

This News Release may contain forward-looking statements relating to future plans, events or other matters. Such statements involve numerous risks and uncertainties. Actual events may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this News Release. No obligation is undertaken to release revisions to these forward-looking statements to reflect events or circumstances after the date of this News Release. Further information about the risks and uncertainties faced can be found in applicable filings with the Securities and Exchange Commission.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Far East Energy Corp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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Dec. 4, 2003 - Far East Energy Reports Excellent Test Results on First China CBM Well

Beijing, China - Far East Energy Corporation (OTC BB: FEEC) announced today its first exploration coalbed methane (CBM) gas well (FCY-LC01) in Laochang block, Yunnan Province, China, has reached its total depth of 825 meters (2,722 feet) and preliminary test results are excellent.

"We are pleased to see these exceptionally strong initial indications of coalbed methane gas," said Michael McElwrath, chairman of Far East Energy. "Things look quite promising at this early stage."

A total of 15 mineable coal seams were penetrated during the drilling of the well, with a total thickness of 29.40 meters (97 feet), which is considered excellent. The coring of the coal samples showed an unusually high recovery rate of 94.8%, according to Dr. Alex Yang, Vice President of Far East Energy and world-renowned CBM expert.

Based on desorbed gas flare observation, the gas is very pure methane with high quality. In addition, the drilling revealed four targeted major coal seams with a total thickness of 16.30 meters (54 feet), all within an interval of about 110 meters (363 feet), favorable for fracturing and production of CBM.

Using 18 desorption samples from the well, preliminary testing results indicate the final gas content should be in a range of 700 to 840 cubic feet per ton of coal, according to Dr. Yang. By comparison, some of the more prolific CBM basins in the United States have lower gas contents, such as the San Juan Basin in New Mexico, which has gas content of 300-700 cubic feet per ton of coal, and the Black Warrior Basin in Alabama which has gas content of 250-500 cubic feet per ton of coal.

"We are gratified that this first test well supported our earlier position, namely that there is already so much positive data from previous drilling and testing by the Chinese that the probability for favorable results from our initial exploration wells is excellent," McElwrath said. "We are now ready to move on to our second well nearby."

Far East Energy will begin drilling its second well on the Enhong block (FCY-EH02) in about two weeks. The third test well, (FCY-EH03) will be spudded in January 2004 and should be completed about a month later.

Meanwhile, further testing and analysis of these initial wells will continue into the first half of 2004 to determine sustained production rates.

The Far East Energy Enhong-Laochang Production Sharing Contract (PSC) covers a 30-year relationship in which Far East Energy has a 60% working interest, with the remaining 40% owned by China United Coalbed Methane Corporation, Ltd. (CUCBM), a corporation given exclusive authority by the State Council of China to enter into joint venture agreements with foreign enterprises to develop CBM in China.

In addition to the executed Enhong-Laochang PSC in east Yunnan Province, Far East Energy has initiated a PSC with CUCBM for the Zhaotong block in northeast Yunnan. In northern China's Shanxi Province, Far East Energy has also signed a farmout agreement with ConocoPhillips for two PSCs with CUCBM again being the Chinese partner. All three PSCs are in the process of final approval by the Ministry of Commerce. Based on ConocoPhillips and the Yunnan Provincial Coal Geology Bureau (YNCGB)'s estimates, all of Far East's project areas combined contain 19.5 to 26 trillion cubic feet (Tcf) of CBM original gas-in-place. Using a conservative recovery rate of 50%, it is estimated that 9.75 to 13 Tcf is potentially recoverable, with Far East's share being 5.1 to 10 Tcf depending upon the degree of CUCBM and ConocoPhillips participation.

"Natural gas utilization is on the rise in China, with the State Council pushing for a four-fold increase in gas usage by 2010," noted McElwrath. "As we have said before, the strong potential of the Enhong and Laochang Projects, coupled with our Shanxi Project being pursued in partnership with ConocoPhillips in Shanxi Province in North China, positions Far East Energy to become a major player in the exploration and production of natural gas in China. And with the West-to-East Pipeline to Shanghai running very close to the southern portion of our Shanxi Project and with the Shanjing Pipeline to Beijing near the northern portion, we believe we are ideally positioned to be a significant provider for the growing gas demands of China's two largest cities."

At present, there is no pipeline in the vicinity of Far East's project areas in Yunnan Province, and marketing the Yunnan gas will require a pipeline or a liquefied natural gas (LNG) facility. Successful development and production from a sufficient number of wells will be required to attract a pipeline or LNG plant.

Based in Houston, Texas, with offices in Beijing and Kunming, China, Far East Energy is focused on the exploration and development of some of the largest coalbed methane (CBM) projects in the world through its agreements with ConocoPhillips and China United Coalbed Methane Company (CUCBM). For more information, go to www.fareastenergy.com.

This News Release may contain forward-looking statements relating to future plans, events or other matters. Such statements involve numerous risks and uncertainties. Actual events may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this News Release. No obligation is undertaken to release revisions to these forward-looking statements to reflect events or circumstances after the date of this News Release. Further information about the risks and uncertainties faced can be found in applicable filings with the Securities and Exchange Commission.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Far East Energy Corp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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Nov. 12, 2003 - Far East Energy Begins Gas Exploration In China

Beijing, China - Far East Energy Corporation (OTC.OB FEEC) has begun drilling its first gas well on the Enhong-Laochang coalbed methane (CBM) blocks in the Yunnan Province of southern China.

The Yunnan Provincial Coal Geology Bureau (YNCGB) estimates the 264,863 acres (1,072.32 sq km) covered by the Far East Energy Production Sharing Contract (PSC) contain 5.24 trillion cubic feet (Tcf) or 148.3 billion cubic meters (BCM) of CBM resources (original gas in place), which would be world-class. This is based on data gathered from 1,561 coal exploration drill holes and more than 30 technical reports by this bureau and other geological teams over the past 30 years.

"With the vast amount of positive technical data already reviewed, I believe the probability for favorable results from our initial exploration wells is well above average," said Michael McElwrath, Chairman of Far East Energy.

Natural gas consumption is rising rapidly in China, fueled by an unprecedented economic boom. China's old coal-fired power stations are causing severe pollution problems and the government is pushing clean-burning natural gas.

China has embarked on a major expansion of its gas infrastructure, most notably the 3800 km West-to-East Pipeline that is the largest pipeline project in the world. Additionally, China recently announced its intention that natural gas replace coal as the major source for the generation of electricity in Beijing by the time of the 2008 Olympics.

The Far East Energy Enhong-Laochang PSC covers a 30-year relationship in which Far East Energy has a 60% working interest, with the remaining 40% owned by China United Coalbed Methane Corporation, Ltd. (CUCBM), a corporation given exclusive authority by the State Council of China to enter into joint venture agreements with foreign enterprises to develop CBM in China.

In addition to the executed Enhong-Laochang PSC in east Yunnan Province, Far East Energy has initiated a PSC with CUCBM for the Zhaotong block in northeast Yunnan. In northern China's Shanxi Province, Far East Energy has also signed a farmout agreement with ConocoPhillips for two PSCs with CUCBM again being the Chinese partner. All three PSCs are in the process of final approval by the Ministry of Commerce. Based on ConocoPhillips and YNCGB's estimates, Far East Energy's current total interests potentially represent more than 9.6 trillion cubic feet (Tcf) of CBM gas resource (original gas in place) in China. Using a very conservative recovery rate of 50%, at least 4.8 trillion cubic feet (Tcf) is potentially recoverable.

"Natural gas utilization is on the rise in China, with the State Council pushing for a four-fold increase in gas usage by 2010," said McElwrath. "The strong potential of the Enhong and Laochang Projects, coupled with our Dragon Project being pursued in partnership with ConocoPhillips in Shanxi Province in North China, positions Far East Energy to become a major player in the exploration and production of natural gas in China. And with the West-to-East Pipeline to Shanghai running very close to the southern portion of our Dragon Project and with the Shanjing Pipeline to Beijing near the northern portion, we believe we are ideally positioned to be a significant provider for the growing gas demands of China's two largest cities."

The spudding ceremony for the first Enhong-Laochang well was attended by almost 100 people, including many Chinese dignitaries to commemorate the historic event, among them the Director General of the Yunnan Coal Geology Bureau, Mr. Luo Qiliang; the Deputy Mayor of Qujing City, Mr. Wang Xiliang; and Mr. Gui Xianzhang, the Deputy Governor of Fuyuan County.

The well is the first of five exploration wells Far East Energy expects to be drilled and completed by the spring 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. This first well is expected to drill to a total depth of 780 meters (2,600 feet).

"China is energy deficient and coalbed methane will play a significant role in China's energy development," said McElwrath. "Far East Energy looks forward to playing a pivotal role in meeting this need for energy in China."

Based in Houston, Texas, with offices in Beijing and Kunming, China, Far East Energy is focused on the exploration and development of some of the largest coalbed methane (CBM) projects in China. For more information, go to www.fareastenergy.com.

This News Release may contain forward-looking statements relating to future plans, events or other matters. Such statements involve numerous risks and uncertainties. Actual events may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this News Release. No obligation is undertaken to release revisions to these forward-looking statements to reflect events or circumstances after the date of this News Release. Further information about the risks and uncertainties faced can be found in applicable filings with the Securities and Exchange Commission.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Far East Energy Corp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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Oct. 16, 2003 - Far East Energy Announces Results of Annual Meeting, Appointment of CEO And President

HOUSTON, Oct. 16 /PRNewswire-FirstCall/ -- Far East Energy Corporation (OTC Bulletin Board: FEEC; Berlin: FEN) announced that on October 14, 2003, it reconvened its annual shareholder meeting and that its shareholders approved all matters recommended by the Board of Directors, including the appointment of Michael R. McElwrath as CEO, President and a member of the Board.In addition to electing McElwrath, the shareholders also re-elected to the Board of Directors Joe Cooper, Tun Aye Sai, and Lal Gondi, as well as ratifying Payne, Falkner, Smith & Jones as its independent accountant for the fiscal year 2003. The shareholders also approved an amendment to the company's bylaws allowing the Board of Directors to fill Board vacancies caused by any decision of the Board to increase its size. Prior to this amendment, the bylaws provided that only shareholders could fill board vacancies that might be caused by a Board decision to increase the number of directors.

McElwrath had just reached an agreement with the company, on October 13, 2003, to serve as its CEO and on the Board, which the shareholders confirmed. McElwrath stated, "I am eager to take the reins at Far East because I am convinced that it has assembled a strong portfolio of projects. One of these projects, the coalbed methane Dragon Project in Shanxi Province, China, is being pursued under a Memorandum of Understanding with ConocoPhillips; is located along the planned path of the West-East Pipeline; should be able to serve both Beijing and Shanghai; and, in my opinion, has the potential to become a mega-project of the type normally found only in the portfolio of the majors. I believe Far East's natural gas opportunities in the Shanxi and Yunnan Provinces of China, as well as in Montana, are significant, and with proper financing, we look forward to developing, producing and selling quantities of gas that will provide material benefits to our shareholders." McElwrath's significant and varied background spans twenty-six years in the energy industry, at one time or another serving as Acting Assistant Secretary of Energy in the Bush Administration; an international negotiator and special energy advisor to the Secretary of the Interior during the Reagan Administration; Director of the National Institute for Petroleum and Energy Research; Director of BP's outsourced exploration and production lab for the Americas; and President/COO of two energy-related companies. Mr. McElwrath also spent 10 years as an oil and gas and corporate attorney in Midland, Texas during the oil boom and bust of the 1980s.

Headquartered in Houston, Far East Energy Corporation is an independent energy company engaged in acquisition, exploration and development of natural gas and coalbed methane gas properties with primary interest in the United States and China.
This News Release may contain forward-looking statements relating to future plans, events or other matters. Such statements involve numerous risks and uncertainties. Actual events may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this News Release. No obligation is undertaken to release revisions to these forward-looking statements to reflect events or circumstances after the date of this News Release. Further information about the risks and uncertainties faced can be found in applicable filings with the Securities and Exchange Commission.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Far East Energy Corp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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Oct. 10, 2003 - Far East Energy Announces Completion of Financing Round, Compliance With SEC Document Request and Adjournment of Annual Meeting

HOUSTON, Oct. 10 /PRNewswire-FirstCall/ -- Far East Energy Corporation (OTC Bulletin Board: FEEC; Berlin: FEN) announced that yesterday it closed its equity private placement after raising more than $5.9 million. The private placement involved the sale of one share of common stock and a warrant to purchase one share of common stock for $0.65. The net proceeds of these funds will be applied to work programs on the following joint ventures with ConocoPhillips and China United Coalbed Methane Co. (CUCBM) and a U.S. project in Montana in which FEEC has a 100% interest.Far East is also in the process of complying with a SEC subpoena. The SEC has requested documentation relating to Far East's board and shareholder meetings, the identities and contact information of parties related to Far East including its financial institutional relationships, the recent equity offering conducted by Far East, the MOU with ConocoPhillips, and the acquisition of property in Montana. Far East has already provided many of the requested materials, is working diligently to respond to all of the SEC's requests, and fully expects to produce the desired materials on or before October 19, 2003.

On October 7, Far East held its annual meeting of stockholders. However, due to a lack of quorum of votes present, Far East adjourned the meeting until October 14, 2003 at 2 pm. Items scheduled to be addressed at the meeting include election of directors, and ratification of the auditor.

Headquartered in Houston, Far East Energy Corporation is an independent energy company engaged in acquisition, exploration and development of natural gas and coalbed methane gas properties with primary interest in the United States and China.
This News Release may contain forward-looking statements relating to future plans, events or other matters. Such statements involve numerous risks and uncertainties. Actual events may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this News Release. No obligation is undertaken to release revisions to these forward-looking statements to reflect events or circumstances after the date of this News Release. Further information about the risks and uncertainties faced can be found in applicable filings with the Securities and Exchange Commission.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Far East Energy Corp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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March. 19, 2003 - ConocoPhillips and Far East Energy Form Strategic Partnership to Develop Gas Fields in China

HOUSTON--(BUSINESS WIRE)--March 19, 2003--Far East Energy Corporation (OTCBB: FEEC) is pleased to announce today that the company has entered into a memorandum of understanding with ConocoPhillips (NYSE:COP - News) to acquire a minimum of 40% interest in ConocoPhillips' coalbed methane (CBM) projects in the Qinshui Basin of the Qinnan and Shouyang areas of the Shanxi Province, Peoples Republic of China. The two projects are to be jointly explored and developed by both companies.The two projects cover an area of 4,280 square kilometers (1,057,638 acres). ConocoPhillips drilled three wells in late 2002. Far East Energy is committing to fracture stimulate and production test these 3 wells and drill an additional 3 new wells. CBM gas in place resource potential in the area is estimated to be 16-25 trillion cubic feet.

The 4,000-kilometer West-East gas pipeline currently under construction will run across the southern part of the Qinnan block. These project areas are located 300 kilometers southwest of Beijing and are within 150-200 kilometers of existing pipelines. A recent market study by ConocoPhillips for the project areas concludes favorable CBM market conditions.

Bill Jackson, president & COO stated, "We believe that this partnership between ConocoPhillips and Far East Energy will benefit the shareholders of both organizations. Together, our teams have substantial expertise in coalbed methane development and long-standing track records in China. We look forward to a mutually rewarding relationship with ConocoPhillips and our Chinese partners in the years to come."

As of 2002, China's natural gas production accounted for only 2% of its energy consumption. China has set forth a strategic mandate to increase natural gas production to 8% of its energy consumption by the year 2010. To achieve this, the State Council of the Peoples Republic of China has budgeted to spend over $8 billion. Far East Energy is among companies like ConocoPhillips, ChevronTexaco, BP and Burlington Resources to assist China in meeting its strategic mandate of CBM and conventional natural gas production and use.

Furthermore, Shell, ExxonMobil and Russia's Gazprom have entered into an agreement with PetroChina to build a 4,000-kilometer pipeline from the Tarim basin in far northwest Xinjiang Uygar Autonomous Region to Shanghai on the eastern seaboard. The cost of the project is estimated to be $US 8.9 billion, with $US 5.6 billion for the pipeline construction and $US 3.3 billion for other upstream developments. The project is rated to deliver 12 billion cubic meters (425 billion cubic feet) of gas annually for at least 45 years. PetroChina's guideline price averages $US 4.41/mcf, with delivery to the end point at Shanghai at $US 4.62/mcf. This and the recent pipeline building activities show China's commitment to natural gas at or above current world market prices.

ConocoPhillips (NYSE:COP - News) is an integrated energy company with interests around the world. Headquartered in Houston, the company had approximately 57,000 employees and $77 billion of assets as of Dec. 31, 2002.

Headquartered in Houston, Far East Energy Corporation (OTCBB:FEEC - News; Berlin:FEN - News) is an independent energy company engaged in the acquisition, development and utilization of clean energies. The company has set a business strategy with an objective to achieving success in exploration, development, production and utilization of China's coalbed methane and coal mine methane natural gas resources. The company also has shallow gas properties in Montana, USA. For more information about the company, go to www.FarEastEnergy.com.

This news release may contain forward-looking statements relating to future plans, events or other matters. Such statements involve numerous risks and uncertainties. Actual events may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release.
No obligation is undertaken to release revisions to these forward-looking statements to reflect events or circumstances after the date of this news release. Further information about the risks and uncertainties faced can be found in applicable filings with the Securities and Exchange Commission.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Far East Energy Corp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

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