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FAR EAST ENERGY CORP Message Board

  • twicebaked09 twicebaked09 Sep 13, 2013 11:08 AM Flag

    Out at $0.12

    Decided to bend over and take my beating now - there is no reason to ride this dog down again. It's a race to see if they can dewater enough to start producing gas before the money runs out early next year. Every bbl of water they produce cost money to pump/store/dispose of so their operating cost are increasing with every new well they complete. Mike could have thrown us a bone on the CC. Something like:: reservoir pressure has dropped xx psi after producing yy bbls of water, we anticipate at the projected rate of water production we can reach critical pressure in xx months anything along those lines would have been very encouraging to me even if the projection proved to be wrong. Instead we got nothing. Not happy about the taking 12 cents but I expect I will be able to buy twice as many shares with the same $$ in 2 months.

    Sentiment: Strong Sell

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