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Gastar Exploration Ltd. announced that, through an affiliate, it expects to receive approximately US$12.5 million in additional after-tax consideration for the 2009 sale of its interests in PEL 238, a coal seam natural gas project in New South Wales, Australia.
Year-end reserves for the PEL 238 project disclosed this week by project operator Eastern Star Gas ...
The newly spudded wells are the SYE-16, a new appraisal well, and the 62-2V, an additional production well, bringing to 16 the number of wells spudded thus far in 2013.
Based in Houston, Texas, with offices in Beijing, and Taiyuan City, China, Far East Energy Corp. is focused on coalbed methane exploration and development in China.