Far East Energy ceases operations; files voluntary Chapter 7 petition

Far East Energy Corp. (OTC: FEEC), the US-listed company that operates the Shouyang coalbed methane (CBM) production sharing contract in Shanxi Province, People's Republic of China, has ceased operations and begun bankruptcy proceedings by filing a voluntary petition for relief under provisions of Chapter 7 of Title 11 of the US Code to initiate an orderly liquidation of the assets of the company. 

Based in Houston, Texas, with offices in Beijing, China, Far East Energy Corp. is focused on CBM exploration and development in China. The Chapter 7 case is being administered in the US Bankruptcy Court for the Southern District of Texas.

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