Far East Energy Corporation announced that 7 new wells have commenced in the 17 days since the last 2013 drilling program update release issued on Tuesday, May 28, bringing to 30 the number of wells spudded in 2013. They are production wells 128D, 62-3D, and 81-4D, as well as appraisal/exploration wells SYE-05, SYE-14, SYS02-1D, and SYW-14. Additionally 6 wells reached total depth (TD) in the past 17 days. These are the SYW-08, SYE-16, SYW-11 appraisal/exploration wells, and the 62-4D, 81-3D, and 165D production wells.

These are further production/appraisal wells in the 1656 square kilometers block, designed to continue the dewatering process in the 1H Pilot Area and to continue the process of establishing the extent of the high permeability, high gas content coals across the 40km x 40km Shouyang Block.

Commenting, CEO Mike McElwrath said, "We now have 25 rigs working in the field, the greatest number in our history and a significant number for any company. This level of activity takes us closer to the point at which we hit the critical number of production wells in our core production area."

Tags: Far East Energy Corporation