Far East Energy Corporation is a coalbed methane development company operating under three production sharing contracts in China covering over 1.1 million acres. The company has estimated gas-in-place of 21.3-29.2 trillion cubic feet across its blocks. It has a 20-year gas sales agreement in place in the Shouyang block providing market access. Preliminary analysis suggests the Shouyang block compares favorably to major U.S. coalbed methane plays in terms of coal thickness, permeability, and gas content.