Far East Energy Corp. (OTCBB:FEEC)
Far East Energy Corp. (OTCBB: FEEC) is focused on acquiring, exploring, developing and producing oil and gas, with heavy emphasis on coalbed methane (CBM) which has emerged as a lower cost/lower risk/higher return energy resource. The company is exploring over 1.3 million acres of CBM properties in China. With world headquarters in Houston, Texas, the company has satellite offices in Beijing, Kunming and Taiyuan City, China.
CBM is a clean-burning fuel that can meet part of China's burgeoning demand for energy with the added benefit of helping to reduce escalating air pollution problems. Far East Energy is strategically positioned with two of its blocks that are adjacent to two major pipelines serving key industrial and business centers in Beijing and Shanghai. The company has already secured a 20 year gas sales agreement at $6.45/mcf.
A couple weeks ago, Far East Energy announced the results of an independent engineering report that estimated the total coalbed methane Original Gas-in-Place (OGIP) in the company's Shouyang Block. Covering three target coal seams, the report concluded with a best estimate of Original Gas-in-Place of 7.0 trillion cubic feet (Tcf) of CBM gas and a high estimate of 8.5 Tcf covering the 487,000 acres.
According to Michael R. McElwrath, CEO and president of Far East Energy, "This NSAI Original Gas-in-Place report will be followed, subsequent to year-end, by a report covering SEC reserves in the Shouyang Block calculated as of December 31, 2010, and gas sales are expected to begin at that time." As the company continues to move forward and tick off milestones, it is sure to capture more and more attention from the investment community.
Uranium Energy Corp. (AMEX:UEC)
Uranium Energy Corp. (AMEX:UEC) is a U.S.-based uranium production, development and exploration company. The company's operations are managed by professionals who have earned a reputable profile through many decades of hands-on experience in the key facets of uranium exploration, development and mining. Uranium Energy's fully licensed and permitted Hobson processing facility is central to all of its projects in South Texas.
The company controls one of the largest databases of historic uranium exploration and development in the nation. Using this knowledge base, Uranium Energy Corp. has acquired and is advancing exploration properties of merit throughout the southwestern U.S., a region known as being the most concentrated area for uranium mining in the United States.
In recent news, the company announced that it has started uranium production at the Palangana Project, one of the company's four projects in South Texas. Phase 1 of the PAA-1 wellfield is in operation with 30 injection wells and 15 production wells on-line, with each well gradually being brought up to maximum flow rates of approximately 50 gallons per minute. Phases II and III of the PAA-1 wellfield will each contain 45 production and injection wells.
Rising nearly 40% from lows seen in the past six months, the price for uranium is expected to continue increasing over the next few years amid growing demand from the nuclear-power sector. Worldwide, Morgan Stanley predicts well over 100 new plants to come online, generating a huge increase in demand for uranium. As demand continues to grow and supply runs thin, Uranium Energy Corp. is in a highly enviable position to capitalize on rapidly rising uranium prices.
Zentric, Inc. (OTCBB:ZNTR)
Zentric, Inc. (OTCBB: ZNTR) is an advanced battery technology company that has developed a new and revolutionary battery technology to incorporate high voltage dual electrolytes for higher voltages and power. Through innovation, acquisitions and strategic partnerships, the company is focused on accelerating the market applicability of advanced battery technologies as well as storage systems.
The company's unique battery technology allows specific combinations of key battery components to attain a much higher voltage than traditional lead acid batteries while costing a lot less than lithium-ion batteries. By fitting more energy into the same form factor, the company's technology offers a significant advantage over any existing solution on the market.
The company recently signed a Joint Venture agreement to build and operate a battery manufacturing plant in Jilin Province, China. China's demand for batteries is projected to increase 8.5% annually to reach 282 billion yuan by 2013. The market for high capacity batteries is expected to experience even faster growth, projected to increase 30% annually over the next five years.
The Zentric management team consists of renowned experts from the scientific research community as well as the hybrid and electric battery, automotive and financial industries. Leveraging its cutting-edge battery technology and highly competent management team, Zentric is well positioned to capture a significant share of the burgeoning battery industry.