Far East Energy Corporation reported that its Modification Agreement extending the exploration period of its Production Sharing Contract for the Enhong and Laochang Area in Yunnan Province has received formal approval from the Ministry of Commerce (MofCom) of the People's Republic of China (PRC).

Michael R. McElwrath, CEO and President, said, "We are delighted to have received news of MofCom's approval of the Modification Agreement covering our CBM project in Yunnan. We now look forward to MofCom approval of the Modification Agreement covering our important Shouyang PSC, in Shanxi Province, which was also previously agreed to with CUCBM late last year."

Tags: Far East Energy Corporation