Far East Energy Corporation has filed its annual report on Form 10-K for the year ended December 31, 2011 and announced the results of its first independent SEC reserve report issued by RISC Operations Pty Ltd ("RISC") evaluating, as of December 31, 2011, the estimated proved, probable and possible coalbed methane gas reserves attributable to the three (3) target coal seams (#3, #9 and #15) in Far East Energy's 409,282 acre (1656.3 square kilometers) Shouyang Block, situated in Shanxi Province, China.

Based on the report, estimates of Far East Energy's Proved, Probable and Possible Reserves as of December 31, 2011 were as follows:

The Proved Reserves set forth in this report are attributable to approximately to 13,360 acres. The Probable and Possible Reserves set forth in this report are attributable to approximately to 85,502 acres, inclusive of the proved locations.

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