By OGJ editors
HOUSTON, Jan. 29 -- Far East Energy Corp., Houston, has drilling operations under way on its second gas well (FCY-EH02) on the Enhong-Laochang coalbed methane block in the Yunnan Province of southern China. A third test well (FCY-EH03) is scheduled for February, with completion of all three expected by early spring. Far East Energy will spend $1.1 million to drill the three wells and conduct desorption tests.
A fourth and fifth well will be drilled by late spring, with dewatering and testing slated for the second quarter. The company said it would also drill eight more wells in Yunnan Province during the second half of this year for a total of 13, if results from early wells are positive.
The company also plans to drill eight more wells on the Enhong and Laochang tracts during the last 6 months of this year at a cost of $4.5 million.