Far East Energy Corporation (OTCBB:FEEC) today announced that it will host 
a conference call to update shareholders and other interested parties on 
Thursday, December 15, 2011 at 10:00 a.m. Central Time - 11:00 a.m. Eastern 
Time.

    Michael R. McElwrath, Chief Executive Officer and President of Far East 
Energy, will discuss the Company's recently announced loan facility with 
Standard Chartered Bank and its recently executed Modification Agreement with 
CUCBM, which, when approved by the Chinese Ministry of Commerce, will extend 
the exploration period of its Shouyang Block Production Sharing Contract, as 
well as other developments and plans.

    Conference Call Details
    To participate in the conference call, participants have the option to 
listen only to the call or to listen and submit questions for the Q&A segment 
of the call by accessing a link which will be posted on the Company's website. 
Please note: questions can only be submitted via the conference link posted on 
the Company's website at http://www.fareastenergy.com

    
    Date:            Thursday, December 15, 2011
    Time:            10:00 a.m. CT - 11:00 a.m. ET
    Dial in access:  1-800-860-2442 (U.S. participants) or
                     1-412-858-4600 (International participants)
                     1-866-605-3852 (Canada participants)
    Request connect: Far East Energy Conference Call
    Call and Q&A:    http://www.fareastenergy.com


    Far East Energy Corporation
    Based in Houston, Texas, with offices in Beijing, Kunming, and Taiyuan 
City, China, Far East Energy Corporation is focused on coalbed methane 
exploration and development in China.

    Statements contained in this press release that state the intentions, 
hopes, beliefs, anticipations, expectations or predictions of the future of Far 
East Energy Corporation and its management are forward-looking statements 
within the meaning of Section 27A of the Securities Act of 1933, as amended, 
and Section 21E of the Securities Exchange Act of 1934, as amended. It is 
important to note that any such forward-looking statements are not guarantees 
of future performance and involve a number of risks and uncertainties. Actual 
results could differ materially from those projected in such forward-looking 
statements.Factors that could cause actual results to differ materially from 
those projected in such forward-looking statements include: there can be no 
assurance as to the volume of gas that is ultimately produced or sold from our 
wells; the fracture stimulation program may not be successful in increasing gas 
volumes; due to limitations under Chinese law, we may have only limited rights 
to enforce the gas sales agreement between Shanxi Province Guoxin Energy 
Development Group Limited and China United Coalbed Methane Corporation, Ltd., 
to which we are an express beneficiary; additional wells may not be drilled, or 
if drilled may not be timely; additional pipelines and gathering systems needed 
to transport our gas may not be constructed, or if constructed may not be 
timely, or their routes may differ from those anticipated; the pipeline and 
local distribution/compressed natural gas companies may decline to purchase or 
take our gas, or we may not be able to enforce our rights under definitive 
agreements with pipelines; conflicts with coal mining operations or 
coordination of our exploration and production activities with mining 
activities could adversely impact or add significant costs to our operations; 
the Chinese Ministry of Commerce ("MOC") may not approve the extension of our 
production sharing contracts ("PSCs") on a timely basis or at all, or, if so, 
on commercially advantageous terms; the MOC's failure to approve the extension 
of the Shouyang PSC by March 1, 2012 could limit the Company's ability to 
borrow additional amounts under the credit facility; the MOC's failure to 
approve the extension of the Shouyang PSC by May 30, 2012 could result in the 
early termination of the credit facility and require immediate repayment of all 
outstanding amounts thereunder; the Company's inability to comply with certain 
quarterly financial covenants, satisfy certain continuing representations, or 
remedy a material adverse effect to the business of the Company or to certain 
other conditions could result in early termination of the credit facility and 
require immediate repayment of all outstanding amounts thereunder; the total 
amounts we may borrow from Standard Chartered Bank may be different than 
anticipated;our Chinese partner companies or the MOC may require certain 
changes to the terms and conditions of our PSCs in conjunction with their 
approval of any extension of our PSCs, including a reduction in acreage; our 
lack of operating history; limited and potentially inadequate management of our 
cash resources; risk and uncertainties associated with exploration, development 
and production of coalbed methane; proved reserves may not be reported in a 
timely manner or at all and, if reported, may be smaller than anticipated; our 
inability to extract or sell all or a substantial portion of our estimated 
Contingent Resources; we may not satisfy requirements for listing our 
securities on a securities exchange; expropriation and other risks associated 
with foreign operations; disruptions in capital markets affecting fundraising;
matters affecting the energy industry generally; lack of availability of oil 
and gas field goods and services; environmental risks; drilling and production 
risks; changes in laws or regulations affecting our o perations, as well as 
other risks described in our 2010 Annual Report and subsequent filings with the 
Securities and Exchange Commission.

    SOURCE Far East Energy Corporation

    CONTACT: Investor Relations, +1-281-606-1600, 
Investorrelations@fareastenergy.com, or Bruce Huff, +1-832-598-0470, 
bhuff@fareastenergy.com, or Catherine Gay, +1-832-598-0470, 
cgay@fareastenergy.com, all of of Far East Energy Corporation