HOUSTON, May 4, 2011 - Far East Energy Corporation (OTCBB: FEEC) today announced that the
Chinese news service Xinhua, has recently advised that the PRC's CBM subsidy
will be increased this summer in conjunction with the release of the 12th
Five Year Plan and could be increased as much as 0.2 RMB per cubic meter (or
$0.86 per Mcf based on the March 31, 2011 exchange rate). Michael R.
McElwrath, CEO and President, said, "If implemented, this level of subsidy
increase would take our current sales price of $6.27 up to $7.13 per Mcf
(inclusive of taxes). This provides a very meaningful impact upon our
economics and is one more example of the favorable climate for developing CBM
resources in China. Considering that this would yield a wellhead price 1.6
times that of US Henry Hub gas prices on April 27, 2011, it provides a
significant opportunity for Far East Energy."
ANGA CABLE, COLOGNE, Germany, May 4, 2011 - Teleste, a leading technology provider of broadband video and service
platforms, today announced a tandem of products that raise intelligence in
cable networks to a new level. Teleste's new AC9000 Intelligent fibre optic
node eliminates human errors from network installations through automatic
configuration, and the next generation CATVisor EMS 4.0 management software
provides unprecedented flexibility and configurability to HFC infrastructure
management. With the announcement, Teleste addresses a major pain point for
cable operators - time consuming network management and maintenance.
Additionally, Teleste introduced DVB-T2 and DVB-C reception modules to the
Luminato head-end platform as well as the new HECS Head-End Signal Control
System at ANGA Cable.
ABU DHABI, UAE, May 4, 2011 - Aabar Investments PJS ("Aabar") today confirmed an investment
of $850 million in Glencore International plc ("Glencore") as a cornerstone
investor with an intention to invest an additional $150 million in the Global
Offer. Glencore is one of the world's leading integrated producers and
marketers of commodities. This investment makes Aabar the largest cornerstone
investor in the IPO.
Leading Global Construction Group Architects Growth with Talent Intelligence
IPSWICH, England, May 4, 2011 - Trimble has introduced a new cloud-based field service solution to manage
fleet productivity-Trimble(R) GeoManager(TM) WorkManagement, a software
solution that provides on-demand visibility into vehicle and mobile worker
utilisation. For routing, scheduling and dispatch, Trimble WorkManagement
makes it easy for organisations to maximise the mobile worker's schedule,
provide better customer service, increase productivity and reduce overall
operating costs.
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