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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