ConocoPhillips Retired Sr. VP Joins Far East Energy's Board

Far East Energy Corporation has named J. C. (John) Mihm, retired Senior Vice President of ConocoPhillips, to its Board of Directors. Mihm is the fourth energy industry leader to join Far East's board as an independent director in 2004.

John Mihm was the Senior Vice President of Technology and Project Development for Phillips Petroleum Company (later ConocoPhillips) until his retirement in February 2003. He was named to this position in 2000 when the company combined the downstream and upstream technology and project development positions. Prior to that, Mihm served Phillips in the positions of Senior Vice President of Corporate Technology, Vice President of Research and Development and Vice President of Corporate Engineering.

"John Mihm has been one of the most respected executives in the oil and gas industry for years," said Michael McElwrath, Chairman and CEO of Far East Energy. "John will be of inestimable value to our company and its efforts in China. He has worked on Phillips' projects in China since the early 80s and, in fact, he was involved in supplying technical support for the ConocoPhillips Shanxi project prior to its farmout to Far East. As is the case in the American industry, John is held in high esteem by the leadership of the Chinese petroleum industry; and his relationships in China, managerial insights, and unsurpassed technical knowledge are representative of the team being built at Far East."

Mihm is a registered professional engineer, a member of the Society of Petroleum Engineers (SPE), the American Institute of Chemical Engineers, the American Society of Mechanical Engineers (ASME), both the Oklahoma and the National Society of Professional Engineers, and he is a past member of the American Petroleum Institute. Mihm also serves on the Board of SPE, the Foundation Board of ASME, the Advisory Board for ePM, LLC, and the Southern Region Board of Boy Scouts of America. He has been published in both engineering and petroleum journals.

"With John Mihm joining Tom Cavanagh, Don Juckett, and Tom Williams as outside directors, we have built a Board with vast experience made up of individuals of the highest integrity and reputation in the oil and gas industry," said McElwrath. "And we are not through. When fully filled out, I expect our Board to compare favorably with any in the industry."