Far East Energy Reschedules 2010 Annual Meeting

By Far East Energy Corporation, PRNE
Sunday, August 8, 2010

HOUSTON, August 9, 2010 - Far East Energy Corporation (OTC Bulletin Board: FEEC) announced today
that its 2010 Annual Meeting of Stockholders has been rescheduled to be held
on Wednesday, January 12, 2011, at 10:00 a.m., local time, at the Crowne
Plaza North Greenspoint, 425 N. Sam Houston Parkway E., Houston, Texas. In
conjunction with the new meeting date, the Board of Directors has established
Monday, November 29, 2010, as the record date for determining stockholders of
record entitled to notice of, and to vote at the Annual Meeting of

Far East Energy Corporation

Based in Houston, Texas, with offices in Beijing, Kunming, and Taiyuan
City, China, Far East Energy Corporation is focused on CBM 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; 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; pipelines needed
to transport our gas may not be constructed, or if constructed may not be
timely, or their routes may differ from those anticipated; certain of the
proposed transactions with Arrow Energy International Pte Ltd ("Arrow") may
not close on a timely basis or at all, including due to a failure to satisfy
closing conditions or otherwise; the anticipated benefits to us of the
transactions with Arrow may not be realized; the final amounts received by us
from Arrow may be different than anticipated; Arrow may exercise its right to
terminate the Farmout Agreement at any time; the Chinese Ministry of Commerce
("MOC") may not approve the extension of the Qinnan PSC on a timely basis or
at all; our Chinese partner companies or the MOC may require certain changes
to the terms and conditions of our PSC in conjunction with their approval of
any extension of the Qinnan PSC; our lack of operating history; limited and
potentially inadequate management of our cash resources; the pipelines
currently under consideration may not be constructed, or if constructed may
not be timely, or their routes may differ from those currently anticipated;
the pipeline and local distribution/compressed natural gas companies may
decline to purchase or take our gas, or the timing of any definitive
agreement may take longer than anticipated and the terms may not as
advantageous as expected; risk and uncertainties associated with exploration,
development and production of coalbed methane; expropriation and other risks
associated with foreign operations; disruptions in capital markets effecting
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
operations, as well as other risks described in our 2009 Annual Report and
subsequent filings with the SEC.

David Nahmias, +1-901-218-7770, dnahmias at fareastenergy.com, or Bruce Huff, +1-832-598-0470, bhuff at fareastenergy.com, or Catherine Gay, +1-832-598-0470, cgay at fareastenergy.com, all of Far East Energy Corporation

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