HOUSTON, April 23 /PRNewswire/ --
Far East Energy Corporation (OTC Bulletin Board: FEEC) announced today that its 2009 Annual Meeting of Stockholders will be held on Wednesday, July 15, 2009, at 10:00 a.m., local time, at the Hilton Houston North, 12400 Greenspoint Drive, Houston, Texas. The Board of Directors have established Wednesday, June 3, 2009, as the record date for determining stockholders of record entitled to notice of, and to vote at, the 2009 Annual Meeting of Stockholders.
In addition, Far East announced today that Bruce N. Huff, former CFO of the Company, has re-joined Far East Energy as Vice President - Capital Development reporting directly to the Chief Executive Officer and President effective April 15, 2009. Michael R. McElwrath, CEO and President said, I could not be more pleased to have Bruce back on board. He is a seasoned professional who is highly respected and a man of great integrity. Far East Energy and its stockholders will benefit greatly from his experience.
Mr. Huff originally joined Far East Energy in May 2004 as Chief Financial Officer and served in that capacity until his resignation in September 2007. He was previously employed by Harken Energy for a period of 13 years, holding positions including President, Chief Financial Officer and Director. Throughout his career Mr. Huff has been responsible for a wide range of functions including strategic planning.
McElwrath continued, With the recent developments announced by the Company, having a financial executive of the caliber of Bruce Huff will greatly benefit the long-range planning efforts to be undertaken by Far East. His substantial financial knowledge is well-suited to our international energy development projects and the Company's long range goals. The Board of Directors joins with me, and enthusiastically supports, the addition of Bruce Huff to our senior management team.
Far East Energy Corporation
Based in Houston, Texas, with offices in Beijing, Kunming, and Taiyuan City, China, Far East Energy Corporation is focused on CBM exploration and development in China through its agreements with ConocoPhillips and China United Coalbed Methane Company, Ltd. (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 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: certain of the proposed transactions with Arrow Energy International Pte Ltd. (Arrow), may not close on a timely basis or at all, including due to a failure to satisfy closing conditions or otherwise; the anticipated benefits to us of the transactions with Arrow may not be realized; the final amounts received from Arrow may be different than anticipated; the preliminary nature of well data, including permeability and gas content, and commercial viability of the wells; risk and uncertainties associated with exploration, development and production of oil and gas; drilling and production risks; our lack of operating history; limited and potentially inadequate cash resources; expropriation and other risks associated with foreign operations; anticipated pipeline construction and transportation of gas; matters affecting the oil and gas industry generally; lack of availability of oil and gas field goods and services; environmental 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.