Skip to main content

Far East Energy announces extension of loan facility

World Coal,


Far East Energy Corporation, the US listed company that operates the Shouyang Coalbed Methane (CBM) Production Sharing Contract (PSC) in Shanxi Province, People’s Republic of China, has announced the 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 31 March 2015, from the previous maturity date of 13 February 2015.

CFO Jennifer Whitley commented: “We remain mindful of the company’s shareholders and all of its various stakeholders during the company’s negotiation processes with various third parties”.

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


Adapted from a press release by Emma McAleavey.

Read the article online at: https://www.worldcoal.com/cbm/23022015/far-east-energy-extension-of-loan-facility-1944/

You might also like

 

WCA comments on IEA special report

The World Coal Association (WCA) Chief Executive, Michelle Manook, has welcomed the IEA Energy Technology Perspectives: Special Report on Clean Energy Innovation.

 
 

Embed article link: (copy the HTML code below):