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Archive for June 3rd, 2013

Sharyn Gol JSC (MSE: SHG; Bloomberg code: SHG MO) Announces the Receipt of 2012 Audited IFRS Financial Statements from EY Mongolia

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ULAANBAATAR, Mongolia, May 31, 2013 /PRNewswire/ — Sharyn Gol (MSE: SHG; Bloomberg code: SHG MO) is pleased to announce that it has received unqualified 2012 and 2011 financial statements and an unqualified financial report for 2010 from Ernst & Young Mongolia Audit LLC (“EYM”). Sharyn Gol believes that it is the only company listed on the Mongolian Stock Exchange (“MSE”) with a three-year history of unqualified financial results from a Mongolian affiliate of a Top 3 international auditor. Graham Chapman, CEO, said, “The unqualified financials validate Sharyn Gol’s aim to present its results in an accurate and transparent manner consistent with international accounting standards.”

Sharyn Gol is also pleased to announce the appointment of Kenneth Farrell to the board of directors. Kenneth Farrell is the CEO of Bumi Resources Minerals, the largest publicly traded Indonesian mineral company. Mr. Farrell is also an Executive Director of Bumi Resources, Indonesia’s largest listed coal mining company. Prior to joining Bumi Resources in 2002, Mr. Farrell worked for BHP Billiton for 21 years in various executive and managerial capacities in iron ore, transport, manganese and coal business units. He is a Member of the Institution of Engineers, Australia; a Member of The Australasian Institute of Mining and Metallurgy and a Fellow of the Australian Institute of Company Directors.

Sharyn Gol, located north of Ulaanbaatar, Mongolia, is a leading producer of high-grade thermal coal and sells to state-owned power stations, local cement factories, and other major wholesale as well as retail consumers.

Information Contacts:

Tel: +976-1131-1073
Investors: or

Source: Sharyn Gol JSC

Written by asiafreshnews

June 3, 2013 at 3:51 pm

Meritus Hotels & Resorts Offers Guests Free Wi-Fi Access Across All Properties

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SINGAPORE, June 3, 2013 /PRNewswire/ — Responding to the need of today’s traveller to stay connected at all times, award-winning Asian hospitality group Meritus Hotels & Resorts announced the roll-out of free Wi-Fi service across the Group’s properties in Singapore, Malaysia, Indonesia, and China.

Guests can expect to enjoy straightforward access to the complimentary amenity throughout their stay, not only from the guestrooms but from anywhere within the hotels’ premises.

The service allows every guest sufficient bandwidth to exchange data across virtual private networks and social media channels, as well as download and upload reasonably-sized files, including rich media formats. For heavy bandwidth users looking to stream high-definition videos or download movies, a premium bandwidth package is available at competitive rates.

Guests carrying multiple devices can enjoy complimentary Wi-Fi access for up to three devices.

“Free and efficient Wi-Fi connectivity has become an increasingly important benchmark for hotel end users,” said Maria Taylor, Meritus Hotels & Resorts Regional Vice President, Revenue. “By offering this value-add and adopting it as a brand standard, we ensure that we are meeting the ever evolving needs of our guests and remaining at the forefront of a highly competitive industry.”

Meritus Hotels & Resorts have been making headways in hospitality through product and service innovations aimed at enhancing the overall experience of guests. In 2012, its flagship Mandarin Orchard Singapore became the first hotel in Singapore to offer a “second screen” mobile device solution for an advanced in-room technology that connects guests to a host of conveniences and services at the touch of a button, from anywhere within the hotel.

The Group was also recently named Most Admired Enterprise in the Innovation category at the ASEAN Business Awards held in Phnom Penh, Cambodia, in conjunction with the ASEAN Leaders Summit.

For more information on Meritus Hotels & Resorts, visit

About Meritus Hotels & Resorts

Meritus Hotels & Resorts is part of the hospitality division of Overseas Union Enterprise Limited (SGX-ST: “OUE”), a diversified real estate owner, developer, and operator with a complete portfolio of prime assets in key locations in Singapore and the United States, and hotels in Malaysia and the People’s Republic of China.

Meritus Hotels & Resorts is long established as an icon of Asian hospitality in Singapore. The brand founded its roots from The Mandarin Singapore, now Mandarin Orchard Singapore – the first hotel of its scale and caliber to be built on Orchard Road in the late 1960s.

More than 40 years on, Meritus is an award-winning hospitality brand providing guests its signature Asian grace, warmth, and care through hotels and resorts strategically located in key cities and idyllic resort destinations in Singapore, Malaysia, Indonesia, and China. Its current portfolio includes the flagship Mandarin Orchard Singapore, Marina Mandarin Singapore, Meritus Pelangi Beach Resort & Spa Langkawi, Meritus Mandarin Haikou, Meritus Shantou China, and Meritus Surabaya City Centre. The brand is also slated to launch a resort in Bali by end of 2013.

Combining comprehensive business and leisure facilities with warm intuitive service, Meritus strives to consistently deliver its trademark hospitality experience as it continues grow its geographical footprint, particularly in Southeast Asia and China. More recently, the Group was conferred the Heritage Brand Award at the Singapore Prestige Brand Awards 2012. It was also cited Global Winner – Luxury Hotel Chain at the World Luxury Hotel Awards 2012, andMost Admired Enterprise in the categories of Growth and Innovation at the 2012 ASEAN Business Awards.

Press Contact:

Janice Azupardo
Regional Vice President, Branding & Communications
Meritus Hotels & Resorts
DID: +65-6831-6385

Source: Meritus Hotels & Resorts

Written by asiafreshnews

June 3, 2013 at 3:19 pm

Doctor Who Arrives in Sydney for 50th Anniversary

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SYDNEY /PRNewswire/ — The 50th Anniversary of the world’s most iconic space traveller, Doctor Who, was celebrated by legions of fans and Vivid Sydney festival-goers tonight when a special 3D-mapped projection of the legendary BBC television program screened on the grand facade of Customs House at Circular Quay as part of Vivid Sydney — the annual festival of light, music and ideas.

Doctor Who celebrates its 50th Anniversary at Vivid Sydney, the Southern Hemisphere’s biggest festival of light, music and ideas, with a special 3D-mapped projection on Customs House at Circular Quay.
Produced for the BBC by The Spinifex Group, the projection showcased an amazing visual feast of colour, light and movement as Doctor Who travelled through space and time, pursued by some of his greatest enemies.
The Doctor Who projections were displayed at six intervals throughout the evening featuring music from the TV show including I am the Doctor. A special pre-recorded webcast of the projection is available to watch until June 10 at
Destination NSW, which owns and manages Vivid Sydney, collaborated with BBC Worldwide Australia & New Zealand to create the evening of entertainment, which also included a special cinema screening of two episodes from the seventh series – Asylum of the Daleks and The Angels Take Manhattan.
The episodes see The Doctor confront two of his most terrifying foes — the Daleks and the Weeping Angels — and say a heart-breaking farewell to his companions Amy and Rory Pond.
Destination NSW CEO, Sandra Chipchase, said: “It’s very exciting to be bringing Doctor Who fans this spectacular projection on Customs House. I’m sure people of all ages will be enthralled as The Doctor tackles his foes. Vivid Sydney has expanded significantly this year, and this collaboration is a fantastic example of how we are bringing more exciting experiences to Vivid festival-goers.”
Sharon Wilson, Head of Marketing, Brands, Consumers & New Ventures, BBC ANZ, said: “The Spinifex Group has done a tremendous job of creating a display which makes the most of Customs House’s amazing facade. It is fantastic to celebrate Doctor Who’s 50th Anniversary at Vivid Sydney in such a special and unique way.”
Vivid Sydney is in its 5th year and illuminates Sydney’s harbour foreshore nightly from 6pm to midnight until June 10.
Stills and broadcast quality video will be available and regularly updated on Saturday 1 June from 9am GMT at:
For more information about Vivid Sydney head to
Katie Moine, Avviso PR
+61-2-9368-7277 or +610432-047-568
Source: Vivid Sydney

Written by asiafreshnews

June 3, 2013 at 2:52 pm

Posted in Uncategorized

Milla Jovovich Opens ‘The Talent Store’ at Fidenza Village in Collaboration With Vogue Italia

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LONDON, May 31, 2013 /PRNewswire/ —

The hotly anticipated ‘The Talent Store’ at Fidenza Village is back for the second year! Supermodel, actress and style icon Milla Jovovich hosted the launch of the innovative concept boutique on Monday 27 May together withVogue Italia‘s Editor-in-Chief, Franca Sozzani, and Value Retail’s Chief Executive, Desiree Bollier.

To view the Multimedia News Release, please click:

Now in its second year, ‘The Talent Store’ is an exclusive collaboration between Fidenza Village, one of the nine Chic Outlet Shopping® Villages in Europe by Value Retail, and Vogue Italia. It creates a platform for promising young international fashion designers to retail their collections from a dedicated pop-up boutique in the Village, less than an hour from Milan.

‘The Talent Store’ presents limited-edition pieces from 18 of Italy’s most coveted emerging designers selected by the ‘Vogue Talents’ programme, a Vogue Italia initiative by Editor-in-Chief Franca Sozzani.

A large group of international press, personalities and supporters of the project were on hand to celebrate the opening, including: Candela Novembre, Maria Host-Ivessich, Umberta Gnutti Beretta, Laura Morino Teso, Patrizia Lorena D’Asburgo, Mila Anufrieva, Silvio Pinto, Luca de Ambrosis and the young participating ‘Talents’!

Niki Winspeare Guiccardi guest DJ’ed, celebrated chef Stefano Pinciaroli curated the catering, and the big hit Smoothie Bar offered custom-made fresh fruit drinks.

In the heart of Fidenza Village, home to more than 100 boutiques of Italian and international luxury fashion brands, the ‘Talent Store’ offers a rare opportunity to view and purchase limited-edition pieces by some of Italy’s hottest young design talents. Colourful, graphic and pop-inspired, this directional retail space is the Village’s chic summer hangout concept, with a lounge-style patio space and health bar.

“Italy is renowned for its exceptional creative talent and we are delighted that FidenzaVillage has once again joined forces with Vogue to launch The Talent Store, showcasing the very best of a new generation of designers. We are thrilled to continue our support of young designers in what is Chic Outlet Shopping®and Fidenza Village’s 10th anniversary year. There is much to celebrate.”

Desiree Bollier

“I am thrilled to be attending and supporting the launch of The Talent Store at Fidenza Village. It’s a wonderful initiative which will give a huge boost to the designers. I am a big fan of both young talent and shopping so I am personally looking forward to combing the two!”

Milla Jovovich

“Belief in young talents, supporting and helping them to achieve their dream is one of the missions of Vogue Italia. The magazine, in its DNA, has innovation and research priorities that make this mission a daily project.FidenzaVillage shares the same values and works together with great enthusiasm to promote the best international fashion talents and confirms their continuing support with this second edition of The Talent Store.”

Franca Sozzani

The Talent Store at Fidenza Village will be exclusively open for a three-month period until the end of August 2013. For more information visit

‘The Talent Store’ Designers 2013 include:-

  • ADELE DEJAK by Adele Dejak (BAGS)
  • ALCOOLIQUE by Rocco Adriano Galluccio (WOMENSWEAR)
  • AQUAZZURA by Edgardo Osorio (SHOES)
  • COLIAC by Martina Grasselli (JEWELLERY)
  • COME FOR BREAKFAST by Francesco Alagna and Antonio Romano (WOMENSWEAR)
  • DANA LORENZ by Dana Lorenz (JEWELLERY)
  • FRANCESCA EVANGELISTA by Francesca Evangelista (BAGS)
  • KZENIYA by Kzeniya (BAGS)
  • L’F UNISEX by Licia Florio and Francio Ferrario (SHOES)
  • SAN ANDRES MILANO by Andres Caballero (WOMENSWEAR)
  • THOMAS BLAKK by Thomas Bambagioni (BAGS)

About Fidenza Village

Fidenza Village, one of the Chic Outlet Shopping® Villages by Value Retail, is located just 60 minutes from both Milan and Bologna, and offers Italy’s leading luxury outlet shopping experience. With more than 100 outlet boutiques providing fashion and luxuries for the home, Fidenza Village offers the authentic previous seasons’ collections of a unique selection of Italian and international brands with savings of up to 70% on the recommended retail price, seven days a week and all year round. Brooks Brothers, Guess, La Perla and Trussardi Jeans are just a few of the international brands present, as well as boutiques of Italian designers including Baldinini, Furla and Simonetta. Services offered by the Village include the Shopping Express™ daily coach service from Milan and Verona, a Tourist Information Centre and personal shopping. With a selection of restaurants, a delicatessen and cafe, the Village has become a destination for visitors seeking a superior shopping experience and an enjoyable day out. To find out more, please visit

About Chic Outlet Shopping®

Chic Outlet Shopping® is a unique concept in outlet shopping created by Value Retail, the only company to specialise exclusively in the development and operation of luxury outlet shopping destinations, the Collection of Chic Outlet Shopping® Villages. The Villages offer the authentic previous seasons’ collections of leading luxury fashion and lifestyle brands with savings of up to 60%, and sometimes more, on the recommended retail price, all year round. Within easy reach of some of Europe’s and China’s favourite gateway cities – London, Dublin, Paris, Madrid, Barcelona, Milan, Bologna, Brussels, Antwerp, Cologne, Frankfurt, Munich and, in early 2014, Suzhou and Shanghai – the Villages are defined by high fashion, superior service and hospitality, a calendar of celebrated events, and exceptional value for money. Located in regions of cultural and historic renown, the Villages have become international tourist destinations in their own right. Value Retail’s new venture – Value Retail China – to bring the distinctive Chic Outlet Shopping® Villages to China will see the first Village – Suzhou Village™ – located in historic Suzhou, 50 miles west of Shanghai. As with other members of the Collection, Suzhou Village™ will be defined by its offer of international luxury fashion and lifestyle brands, together with an exceptional level of service.


Source: Value Retail PLC

Written by asiafreshnews

June 3, 2013 at 2:10 pm

Global warming caused by CFCs, not carbon dioxide, study says

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WATERLOO, Ontario, May 31, 2013 /PRNewswire/ — Chlorofluorocarbons (CFCs) are to blame for global warming since the 1970s and not carbon dioxide, according to new research from the University of Waterloo published in the International Journal of Modern Physics B this week.

CFCs are already known to deplete ozone, but in-depth statistical analysis now shows that CFCs are also the key driver in global climate change, rather than carbon dioxide (CO2) emissions.

“Conventional thinking says that the emission of human-made non-CFC gases such as carbon dioxide has mainly contributed to global warming. But we have observed data going back to the Industrial Revolution that convincingly shows that conventional understanding is wrong,” said Qing-Bin Lu, a professor of physics and astronomy, biology and chemistry in Waterloo’s Faculty of Science. “In fact, the data shows that CFCs conspiring with cosmic rays caused both the polar ozone hole and global warming.”

“Most conventional theories expect that global temperatures will continue to increase as CO2 levels continue to rise, as they have done since 1850. What’s striking is that since 2002, global temperatures have actually declined – matching a decline in CFCs in the atmosphere,” Professor Lu said. “My calculations of CFC greenhouse effect show that there was global warming by about 0.6 °C from 1950 to 2002, but the earth has actually cooled since 2002. The cooling trend is set to continue for the next 50-70 years as the amount of CFCs in the atmosphere continues to decline.”

The findings are based on in-depth statistical analyses of observed data from 1850 up to the present time, Professor Lu’s cosmic-ray-driven electron-reaction (CRE) theory of ozone depletion and his previous research into Antarctic ozone depletion and global surface temperatures.

“It was generally accepted for more than two decades that the Earth’s ozone layer was depleted by the sun’s ultraviolet light-induced destruction of CFCs in the atmosphere,” he said. “But in contrast, CRE theory says cosmic rays – energy particles originating in space – play the dominant role in breaking down ozone-depleting molecules and then ozone.”

Lu’s theory has been confirmed by ongoing observations of cosmic ray, CFC, ozone and stratospheric temperature data over several 11-year solar cycles. “CRE is the only theory that provides us with an excellent reproduction of 11-year cyclic variations of both polar ozone loss and stratospheric cooling,” said Professor Lu. “After removing the natural cosmic-ray effect, my new paper shows a pronounced recovery by ~20% of the Antarctic ozone hole, consistent with the decline of CFCs in the polar stratosphere.”

By proving the link between CFCs, ozone depletion and temperature changes in the Antarctic, Professor Lu was able to draw almost perfect correlation between rising global surface temperatures and CFCs in the atmosphere.

“The climate in the Antarctic stratosphere has been completely controlled by CFCs and cosmic rays, with no CO2 impact. The change in global surface temperature after the removal of the solar effect has shown zero correlation with CO2 but a nearly perfect linear correlation with CFCs – a correlation coefficient as high as 0.97.”

Data recorded from 1850 to 1970, before any significant CFC emissions, show that CO2 levels increased significantly as a result of the Industrial Revolution, but the global temperature, excluding the solar effect, kept nearly constant. The conventional warming model of CO2, suggests the temperatures should have risen by 0.6°C over the same period, similar to the period of 1970-2002.

The analyses indicate the dominance of Lu’s CRE theory and the success of the Montreal Protocol on Substances that Deplete the Ozone Layer.

“We’ve known for some time that CFCs have a really damaging effect on our atmosphere and we’ve taken measures to reduce their emissions,” Professor Lu said. “We now know that international efforts such as the Montreal Protocol have also had a profound effect on global warming but they must be placed on firmer scientific ground.”

“This study underlines the importance of understanding the basic science underlying ozone depletion and global climate change,” said Terry McMahon, dean of the faculty of science. “This research is of particular importance not only to the research community, but to policy makers and the public alike as we look to the future of our climate.”

Professor Lu’s paper, Cosmic-Ray-Driven Reaction and Greenhouse Effect of Halogenated Molecules: Culprits for Atmospheric Ozone Depletion and Global Climate Change, also predicts that the global sea level will continue to rise for some years as the hole in the ozone recovers increasing ice melting in the polar regions.

“Only when the effect of the global temperature recovery dominates over that of the polar ozone hole recovery, will both temperature and polar ice melting drop concurrently,” says Lu.

The peer-reviewed paper published this week not only provides new fundamental understanding of the ozone hole and global climate change but has superior predictive capabilities, compared with the conventional sunlight-driven ozone-depleting and CO2-warming models.

Journal reference
Cosmic-Ray-Driven Reaction and Greenhouse Effect of Halogenated Molecules: Culprits for Atmospheric Ozone Depletion and Global Climate Change
Qing-Bin Lu, University of Waterloo
Published on May 30 in International Journal of Modern Physics B Vol. 27 (2013) 1350073 (38 pages).
The paper is available online at:

About the University of Waterloo
In just half a century, the University of Waterloo, located at the heart of Canada’s technology hub, has become one of Canada’s leading comprehensive universities with 35,000 full- and part-time students in undergraduate and graduate programs. Waterloo, as home to the world’s largest post-secondary co-operative education program, embraces its connections to the world and encourages enterprising partnerships in learning, research and discovery. In the next decade, the university is committed to building a better future for Canada and the world by championing innovation and collaboration to create solutions relevant to the needs of today and tomorrow. For more information about Waterloo, please visit

Attention broadcasters: Waterloo has facilities to provide broadcast quality audio and video feeds with a double-ender studio. Please contact Nick Manning on 519-888-4451 or 226-929-7627 for more information.

Image with caption: “Annual Global Temperature over Land and Ocean (CNW Group/University of Waterloo)”. Image available at:

Image with caption: “11-Year Cyclic Antarctic O3 Hole & Stratospheric Cooling (CNW Group/University of Waterloo)”. Image available at:

For further information:

Media Contact

Nick Manning
University of Waterloo

Source: University of Waterloo

Written by asiafreshnews

June 3, 2013 at 12:33 pm

Mara Group and JS Group Form Joint Venture With Ghani Group, Along With the Egi Community, to Develop Float Glass Manufacturing in Nigeria

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PORT HARCOURT, Nigeria /PRNewswire/ —
With a target production of 500 tonnes per day, the new plant will significantly contribute to remedying the shortage of domestically produced float glass
Egi MJG Float Glass, a joint venture between the Egi Community (via the Egi People’s Assembly), Mara Group, JS Group and Ghani Group, announces the groundbreaking for their first float glass manufacturing plant in Nigeria. Given the growing demand throughout the continent, this plant could represent the first of several facilities built and operated by the joint venture, ultimately laying the foundation for a West African glass manufacturing sector.
(Logo: )
(Logo: )
(Photo: )
Egi MJG Float Glass brings together international groups with complementary sector and local expertise. Mara Group is a multi-sector conglomerate with operations in 19 African countries, founded by Ashish J. Thakkar. JS Group is an industrial conglomerate with investments primarily in developing economies throughout Asia, the Middle East and Africa. Ghani Group is a leading glass manufacturer with plants in the UAE and Pakistan, and a total production capacity of over 300,000 tonnes.
Today, Nigeria lacks domestic float glass manufacturing and is highly dependent on imports from Europe, South America and China. Simultaneously, domestic demand is increasing as a result of the country’s booming housing industry, and currently estimated at 360,000 tonnes per year.
The production facility in Rivers State aims to produce 500 tonnes of float glass per day for a variety of applications spanning from architectural solutions to the automotive industry. Key inputs and raw materials are abundantly available in the area, notably in terms of land, natural gas and silica sand. The total investment for the project will amount to $110 million during the first phase, and an additional $100 million during the second expansion phase.
During the groundbreaking ceremony, Prashant Manek, Director at Mara Group, declared: “This project is a first step in making Nigeria self-sufficient in terms of glass manufacturing. As a result of the strategic location and the locally available raw materials, we are highly confident that we will be able to build a world-class, cost-competitive facility.”
Ali Siddiqui, CEO of JS Group, stated: “Since the year 2000, the global float glass industry has experienced strong growth. In particular, the industry has significant potential in West Africa and this project is a strategic investment in the building materials sector in Nigeria.”
Peter Scully, CEO of MJG EGI Float Glass, added: “This new plant is not only a strategic business opportunity; it will also have a positive impact on the community in terms of employment and the redeployment of profits.”
The land allocated for the Rivers State glass manufacturing plant belongs to the local Egi Community. The Community is strongly supportive of the project, given the expected benefits to the area, and is also a meaningful shareholder in the plant.
Chief Oris U. Onyiri, President-General of the Egi People’s Assembly, concluded: “We are extremely excited about the development of this plant, the employment it will create and the transformation it will bring to our community. It gives us great pleasure and comfort to be partnering with such global reputable companies.”
Sabina Lindstedt
Communications Director, Mara Group
Source: Mara Group and JS Group

Written by asiafreshnews

June 3, 2013 at 12:03 pm

Posted in Uncategorized

Sharks Ecotourism Could Double in Next Two Decades, Study Says

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— Pew calls for shark sanctuary designations based on the new findings
WASHINGTON /PRNewswire/ — According to a new global analysis led by researchers at the University of British Columbia and other scientists, shark watching is a major economic driver for dozens of countries, generating $314 million annually. Citing the study’s projections that shark-related tourism could more than double within 20 years, generating over $780 million annually, The Pew Charitable Trusts is calling for greater protections for sharks through the designation of sanctuaries around the world.
To view the multimedia assets associated with this release, please click
Shark-related tourism is a growing business worldwide, with established operations in at least 83 locations in 29 countries. Although places such as South Africa, the United States, and Australia have typically dominated this industry, shark ecotourism is becoming an economic boon to countries across the Indian Ocean and Pacific Ocean regions. The study finds that shark watching attracts 590,000 tourists and supports more than 10,000 jobs each year.
The increase in shark ecotourism and its economic value can lead to interest in establishing sanctuaries for sharks, which play a critical role in the health of marine systems. In recent years, nine countries—Palau, the Maldives, Honduras, Tokelau, The Bahamas, the Marshall Islands, the Cook Islands, French Polynesia, and New Caledonia—have created sanctuaries by prohibiting commercial shark fishing to protect the animals in their waters.
“It’s clear that sharks contribute to a healthy marine environment, which is paramount to the long-term social, cultural, and financial well-being of millions of people around the world,” says Jill Hepp, director of global shark conservation at Pew. “Many countries have a significant financial incentive to conserve sharks and the places where they live.”
In contrast to the growing ecotourism industry, the value of global shark catches has been declining, largely as a result of overfishing. Approximately 100 million sharks are killed every year primarily for their fins, which are used to make shark fin soup, a popular dish in Asia.
The University of British Columbia research, supported by Pew, was published in the academic journal Oryx today.

Source: The Pew Charitable Trusts

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June 3, 2013 at 11:49 am

Posted in Uncategorized

Far East Energy Announces CEO Update Conference Call and Participation in the Sidoti & Company Micro-Cap Conference

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HOUSTON /PRNewswire/ — Far East Energy Corporation (OTCBB: FEEC) today announced that it will host a conference call to update shareholders and other interested parties on Wednesday, June 5, 2013 at 9:00 a.m. Central Time – 10:00 a.m. Eastern Time. Michael R. McElwrath, Chief Executive Officer and President, will discuss the 2013 drilling and operations program and other matters. Jennifer Whitley, CFO, and Huw Williams, Director of Asian Investor Relations, will also be available for comments and questions.
On Friday, June 7, 2013, Mrs. Whitley will present and meet with investors at the Sidoti & Company’s Semi-Annual Micro-Cap Conference to be held at Grand Hyatt Hotel in New York. An electronic version of the presentation to be used by Mrs. Whitley will be available on Far East Energy’s website at, following the conference.
Conference Call Details
To participate in the conference call, participants have the option to listen only to the call or to listen and submit questions for the Q&A segment of the call by accessing a link which will be posted on the Company’s website. Please note: questions can only be submitted via the conference link posted on the Company’s website at
Date: Wednesday, June 5, 2013
Time: 9:00 a.m. CDT and 10:00 a.m. EDT
Dial in access: 1-800-860-2442 (U.S. participants) or
1-412-858-4600 (International participants)
1-866-605-3852 (Canada participants)
Request connect: Far East Energy Conference Call
Call and Q&A:
Far East Energy Corporation
Based in Houston, Texas, with offices in Beijing, and Taiyuan City, China, Far East Energy Corporation is focused on coalbed methane exploration and development in China.
Statements contained in this press release that state the intentions, hopes, estimates, 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: the preliminary nature of well data, including permeability and gas content; there can be no assurance as to the volume of gas that is ultimately produced or sold from our wells; the fracture stimulation and drilling programs may not be successful in increasing gas volumes; 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, to which we are an express beneficiary; additional wells may not be drilled, or if drilled may not be timely; additional pipelines and gathering systems needed to transport our gas may not be constructed, or if constructed may not be timely, or their routes may differ from those anticipated; the pipeline and local distribution/compressed natural gas companies may decline to purchase or take our gas, or we may not be able to enforce our rights under definitive agreements with pipelines; conflicts with coal mining operations or coordination of our exploration and production activities with mining activities could adversely impact or add significant costs to our operations; our lack of operating history; limited and potentially inadequate management of our cash resources; risk and uncertainties associated with exploration, development and production of coalbed methane; our inability to extract or sell all or a substantial portion of our reserves and other resources; we may not satisfy requirements for listing our securities on a securities exchange; expropriation and other risks associated with foreign operations; disruptions in capital markets affecting 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 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and subsequent filings with the Securities and Exchange Commission.
Source: Far East Energy Corporation
Related stocks: OTC-PINK:FEEC

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June 3, 2013 at 10:47 am

Posted in Uncategorized

World’s Largest REDD Project, Rimba Raya, Earns VCS Verification from SCS Global Services

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Carbon Offset Project Will Preserve Critical Orangutan Habitat by Generating Valuable Carbon Credits

EMERYVILLE, Calif./PRNewswire/ — Indonesia’s Rimba Raya Biodiversity Reserve has become the world’s largest verified “Reducing Emissions from Deforestation and Degradation” (REDD) carbon offset project after successfully undergoing a third-party verification by SCS Global Services under the Verified Carbon Standard (VCS). The project will preserve carbon-rich tropical peat swamp and forest, originally slated for development into palm oil plantations, while also providing a critical reserve for endangered Orangutans.


Located in Central Kalimantan, Indonesia, and covering an area of almost 64,000 hectares, the project expects to generate an average of nearly four million tons of additional stored carbon dioxide (CO2) per year, from the second year onward. During the initial year, the SCS audit team confirmed that 2,181,352 Verified Carbon Units (VCUs) were generated from July 1, 2009 through June 30, 2010. No REDD project has ever been issued this quantity of VCUs for a single year reporting period. Over 30 years, the project will reduce total emissions of 119 million equivalent tons of CO2.

“The Rimba Raya project has undergone a lengthy and complex review process,” said Dr. Robert J. Hrubes, SCS Executive Vice President. “The scale of this project is truly precedent setting, demonstrating a strong market value in preserving forests.”

The region has suffered from high rates of deforestation and is home to over 94 threatened and endangered species, including the Bornean Orangutan. Orangutan Foundation International, operated by renowned primatologist and conservationist Dr. Birute Mary Galdikas, is the NGO Partner and Project Beneficiary for the project. The sale of carbon credits will fund the preservation of critical Orangutan habitat.

“Rimba Raya will be one of the most important Orangutan conservation projects in the world,” said Galdikas. “It is nothing less than the promise of survival for the endangered Orangutan.”

“We are exhausted but overjoyed to have earned verification for the Rimba Raya project,” said Todd Lemons, CEO of InfiniteEARTH, the project developer. “While this project has faced monumental hurdles, SCS’ experience assessing REDD projects proved invaluable for fairly evaluating our compliance with the VCS standard and verifying that these emissions reductions are as real and valuable as we believe they are.”

The project also meets the requirements of the Climate, Community and Biodiversity Alliance (CCBA) standard by supporting the livelihoods of local communities and the area’s rich biodiversity. It was the first in the world to earn Triple Gold Validation under the CCBA standard.

SCS Global Services (SCS) has been providing global leadership in third-party environmental and sustainability certification, auditing, testing, and standards development for nearly 30 years. Programs span a cross-section of industries, recognizing achievements in green building, product manufacturing, food and agriculture, forestry, and more. SCS provides accredited services under numerous internationally recognized certification programs. SCS is a chartered benefit corporation and Certified B Corp™ committed to socially and environmentally responsible business practices.

Nick Kordesch

Source: SCS Global Services

Written by asiafreshnews

June 3, 2013 at 10:05 am

Posted in Uncategorized