Cabeza Howe

Far East Energy: Seeing the Light

Regarding the option grant mentioned, it was <strong>40,000&l... (not 4,000) shares per board member. So correct statement should be:

"Then the five non-employee board members were granted 360,000 shares (40,000 shares each member, plus 160,000 extra shares for new director C.P. Chiang) of option at $0.765/share on January 25th."

This and certain other updates can be found <strong>here<...

Far East Energy: Seeing the Light

Sorry to hear about that. That was quite unfortunate. I agree with you on "a company that refuses to answer letters from their own shareholders is not worth owning." However, I'm also careful to draw a distinction between a particular arrogant employee and a company. Within FEEC, there is certain person who ignores inquiries even as of now. The company should not have put such a person on IR role in the first place. Obviously this person does not understand that responding to investors (large or small) is his job. So he obviously does not qualify for the job. At this point allow me not to release his name. But he ought to remember what gets him paid, and understand that in Internet age bad news really travel on wings!

However, I have had good experience with other employees. Catherine Gay addressed investor inquiries quite well. She answered my emails and passed on my questions to the management. CFO Bruce Huff answered my questions over the phone. A few weeks back, I emailed Bruce in which I suggested webcasting the upcoming operations update. He replied to my email, though without consenting on the webcast. And then in about a week they announced webcasting it on 2/14. I do not know if their decision had anything to do with my suggestion at all. But that is not my point. What really matters to me is that they do not just ignore you.

In selecting FEEC, we are investing in China's energy future. So I put more emphasis on FEEC's vast recoverable CBM interest than anything else. Of course, the PSCs are not worth much without a decent management team. But I'm focusing on the positives and progresses, not on the past.

Happy investing.