FEEC Gets Extension on Maturity Date of Facility Agreement with SCB

Far East Energy Corporation, the U.S. listed company that operates the Shouyang Coalbed Methane (CBM) Production Sharing Contract (PSC) in Shanxi Province, China, reported Friday a further extension of the maturity date of its existing Facility Agreement with Standard Chartered Bank (SCB).

The maturity date of the Facility Agreement with SCB has been extended to Dec. 31 from the previous maturity date of Dec. 5.

Commenting, CFO Jennifer Whitley said, “We are pleased to announce this extension and SCB’s ongoing support during the company’s continuing strategic negotiations involving various third parties.”

Far East Energy Corporation (FEEC) will continue to advise its shareholders at appropriate times, and with appropriate details, as developments progress.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Contracts Advisor
Expertise: Budget / Cost Control|Contracts Engineer|Supply Chain Management
Location: San Ramon, CA
Accounting Manager
Expertise: Accounting
Location: Houston, TX
Data Processing Supervisor
Expertise: Planner / Scheduler|Project Controls|Refinery / Plant Operator
Location: Houston, TX
search for more jobs

Brent Crude Oil : $51.38/BBL 2.44%
Light Crude Oil : $50.43/BBL 2.26%
Natural Gas : $3.14/MMBtu 0.94%
Updated in last 24 hours