Libya, Japan & Global Outlook -- Insight on Far East Energy Corporation and Eternal Energy Corp.
BEIJING -- (Marketwire) -- 06/08/11 -- Today, www.GlobalEquityReporter.com announced its research report highlighting Far East Energy Corporation (OTCBB: FEEC) and Eternal Energy Corp. (OTCBB: EERG). Full report download is available at www.GlobalEquityReporter.com/access.php.
With the disruption of exports from Libya and unrest in the Middle East and North Africa, crude oil continues to sit near high watermarks. The recent disaster in Japan has fueled further volatility, as Japan is the world's third largest consumer and the second largest importer. As of March, the U.S. Energy Information Administration (EIA) estimated that global oil demand expanded by 2.85% in 2010 and sees demand growth of 1.70% in 2011 and 1.94% in 2012. Reflecting new OPEC capacity additions, the EIA estimated that global oil supply increased by 2.5% in 2010 and forecast supply growth of 1.12% in 2011 and 2.49% in 2012.
Global Equity is reporting on Far East Energy Corporation (Far East) as it is a development-stage company principally engaged in the drilling, testing and dewatering of exploratory coal-bed methane gas (CBM) wells, preparing for possible gas sales in the future and organizational activities. Far East Energy's mission is to become a recognized leader in coalbed methane gas technologies, CBM gas property acquisition, exploration and development. The Company is committed to improving the quality of life and simultaneously building an energy-related business with a high return on stockholders' equity. The full report and profile on Far East Energy Corporation (OTCBB: FEEC) is available here: www.GlobalEquityReporter.com/get.PDF.1824.php.
Global Equity Reporter brings Eternal Energy Corp. to the table as an exploration and development company of natural resource properties. The Company owns a 100% working interest in the Big Sand Spring Valley Prospect (the BSSV Prospect).The BSSV Prospect consisted of approximately 102,000 Federal gross and net acres in Nevada. The Company also owns a 75% working interest in the South West extension of the West Ranch Field, located in Jackson County, Texas. The full report and profile on Eternal Energy Corp. (OTCBB: EERG) is available here: www.GlobalEquityReporter.com/get.PDF.1937.php.
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