Liquidity And Realization Of Assets	9 Months Ended
Sep. 30, 2012
Liquidity And Realization Of Assets [Abstract]
Liquidity And Realization Of Assets	2. Liquidity and Realization of Assets All of our reserves are located in Shanxi Province, China. At December 31, 2011, our estimated net proved and net probable reserves were 54.6 million cubic feet (“MMcf”) and 379.6 MMcf of CBM, respectively. At December 31, 2011, the standardized measure of our future net cash flows, discounted at 10 percent per annum, relating to our proved CBM reserves was $62.5 million. In 2010, China United Coalbed Methane Corporation, Ltd. (“CUCBM”), our Chinese partner company for the production sharing contract governing CBM production activities on the approximately 418,500 acres in the Shouyang block of Shanxi Province (the “Shouyang PSC”), and Shanxi Province Guoxin Energy Development Group Limited (“SPG”) executed a gas sales agreement (the “Gas Sales Agreement”), to which we are an express beneficiary, to sell CBM produced in the CBM field (the “Shouyang Field”) governed by the Shouyang PSC. Gas sales commenced in the first quarter of 2011. As of September 30, 2012, gas sales proceeds to be collected were approximately $1.1 million, and were recorded in Accounts Receivable. A portion of the gas sales proceeds are recorded in Accounts Receivable as a result of our experiencing delays in collecting certain accounts receivable from CUCBM because of delays in reconciling certain administrative procedures among Shanxi provincial authorities, CUCBM and SPG, which has resulted in delays in payment from SPG. We have funded our exploration and development activities primarily through the sale and issuance of common stock, proceeds received from the closing of the Facility Agreement (as defined below) and sales of CBM. On November 28, 2011, FEEB entered into a Facility Agreement, as borrower, with Standard Chartered Bank (“SCB”), as lender, and the Company, as guarantor (the “Facility Agreement”). The Facility Agreement provides for a $25 million credit facility, the proceeds of which are currently used for project costs with respect to the operations under the Shouyang PSC, as well as for finance costs and for general corporate purposes approved by SCB. The Facility Agreement is fully drawn and no amounts remain for borrowing. See Note 3 – Facility Agreement. Our current work programs satisfied the minimum exploration expenditures for our production sharing contracts (“PSCs”) for Shouyang and Yunnan for 2012. With respect to the PSC governing CBM production activities on the approximately 573,000 acres in the Qinnan block of the Shanxi Province (the “Qinnan PSC”), we have halted activities on the Qinnan block pending resolution of whether or not its exploration period will be extended as a result of certain force majeure claims. Management may seek to secure additional capital by exploring potential strategic relationships or transactions involving one or more of our PSCs, such as a joint venture, farmout, merger, acquisition or sale of some or all of our assets, by obtaining additional debt, reserve based, project or equity-related financing. However, there can be no assurance that we will be successful in entering into any strategic relationship or transaction, securing capital or raising funds through additional debt, reserve based project or equity-related financing. In addition, the terms and conditions of any potential strategic relationship or transaction or of any project or reserve based financing are uncertain, and we cannot predict the timing, structure or other terms and conditions or the consideration that may be paid with respect to any transaction or offering of securities and whether the consideration will meet or exceed our offering price. Under certain circumstances, the structure of a strategic transaction may require the approval of the Chinese authorities, which could delay closing or make the consummation of a transaction more difficult. There can be no assurance that the Chinese authorities will provide the approvals necessary for a transaction or transfer. There can be no guarantee of future capital acquisition, fundraising or exploration success. Based on our planned work programs, if we do not secure additional capital and without accounting for any positive cash flow generated from our drilling program, we believe that the funds currently available to us should provide sufficient cash to fund our planned expenditures under the Shouyang PSC and other minimum operating costs through the end of 2012, without consideration of the Facility Agreement, which is due on November 28, 2012. Financial markets have recently been affected by concerns over U.S. fiscal policy, including the uncertainty regarding the “fiscal cliff” composed of tax increases and automatic spending cuts that will become effective at the end of 2012 unless steps are taken to delay or offset them, as well as the need to again raise the U.S. federal government’s debt ceiling by the end of 2012 and reduce the federal deficit. These issues could, on their own, or combined with the slowing of the global economy generally, send the U.S. into a new recession, have severe repercussions to the U.S. and global credit and financial markets, further exacerbate concerns over sovereign debt of other countries and disrupt economic activity in the U.S. and elsewhere. All of these factors could affect our ability to obtain, or may increase costs associated with obtaining additional funds through the sale of our securities or otherwise meet liquidity needs and obtain capital. Our ability to continue as a going concern depends on our ability to obtain substantial funds for use in our development activities and upon the success of our planned exploration and development activities. There can be no guarantee of future capital acquisition, fundraising or exploration success. However, in addition to revenue generation from the sale of CBM, we believe that we will continue to be successful in securing the additional capital necessary to continue as a going concern.

2. Liquidity and Realization of Assets

All of our reserves are located in Shanxi Province, China. At December 31, 2011, our estimated net proved and net probable reserves were 54.6 million cubic feet (“MMcf”) and 379.6 MMcf of CBM, respectively. At December 31, 2011, the standardized measure of our future net cash flows, discounted at 10 percent per annum, relating to our proved CBM reserves was $62.5 million.

In 2010, China United Coalbed Methane Corporation, Ltd. (“CUCBM”), our Chinese partner company for the production sharing contract governing CBM production activities on the approximately 418,500 acres in the Shouyang block of Shanxi Province (the “Shouyang PSC”), and Shanxi Province Guoxin Energy Development Group Limited (“SPG”) executed a gas sales agreement (the “Gas Sales Agreement”), to which we are an express beneficiary, to sell CBM produced in the CBM field (the “Shouyang Field”) governed by the Shouyang PSC. Gas sales commenced in the first quarter of 2011. As of September 30, 2012, gas sales proceeds to be collected were approximately $1.1 million, and were recorded in Accounts Receivable. A portion of the gas sales proceeds are recorded in Accounts Receivable as a result of our experiencing delays in collecting certain accounts receivable from CUCBM because of delays in reconciling certain administrative procedures among Shanxi provincial authorities, CUCBM and SPG, which has resulted in delays in payment from SPG. We have funded our exploration and development activities primarily through the sale and issuance of common stock, proceeds received from the closing of the Facility Agreement (as defined below) and sales of CBM.

On November 28, 2011, FEEB entered into a Facility Agreement, as borrower, with Standard Chartered Bank (“SCB”), as lender, and the Company, as guarantor (the “Facility Agreement”). The Facility Agreement provides for a $25 million credit facility, the proceeds of which are currently used for project costs with respect to the operations under the Shouyang PSC, as well as for finance costs and for general corporate purposes approved by SCB. The Facility Agreement is fully drawn and no amounts remain for borrowing. See Note 3 – Facility Agreement.

Our current work programs satisfied the minimum exploration expenditures for our production sharing contracts (“PSCs”) for Shouyang and Yunnan for 2012. With respect to the PSC governing CBM production activities on the approximately 573,000 acres in the Qinnan block of the Shanxi Province (the “Qinnan PSC”), we have halted activities on the Qinnan block pending resolution of whether or not its exploration period will be extended as a result of certain force majeure claims.

Management may seek to secure additional capital by exploring potential strategic relationships or transactions involving one or more of our PSCs, such as a joint venture, farmout, merger, acquisition or sale of some or all of our assets, by obtaining additional debt, reserve based, project or equity-related financing. However, there can be no assurance that we will be successful in entering into any strategic relationship or transaction, securing capital or raising funds through additional debt, reserve based project or equity-related financing. In addition, the terms and conditions of any potential strategic relationship or transaction or of any project or reserve based financing are uncertain, and we cannot predict the timing, structure or other terms and conditions or the consideration that may be paid with respect to any transaction or offering of securities and whether the consideration will meet or exceed our offering price. Under certain circumstances, the structure of a strategic transaction may require the approval of the Chinese authorities, which could delay closing or make the consummation of a transaction more difficult. There can be no assurance that the Chinese authorities will provide the approvals necessary for a transaction or transfer. There can be no guarantee of future capital acquisition, fundraising or exploration success. Based on our planned work programs, if we do not secure additional capital and without accounting for any positive cash flow generated from our drilling program, we believe that the funds currently available to us should provide sufficient cash to fund our planned expenditures under the Shouyang PSC and other minimum operating costs through the end of 2012, without consideration of the Facility Agreement, which is due on November 28, 2012.

Financial markets have recently been affected by concerns over U.S. fiscal policy, including the uncertainty regarding the “fiscal cliff” composed of tax increases and automatic spending cuts that will become effective at the end of 2012 unless steps are taken to delay or offset them, as well as the need to again raise the U.S. federal government’s debt ceiling by the end of 2012 and reduce the federal deficit. These issues could, on their own, or combined with the slowing of the global economy generally, send the U.S. into a new recession, have severe repercussions to the U.S. and global credit and financial markets, further exacerbate concerns over sovereign debt of other countries and disrupt economic activity in the U.S. and elsewhere. All of these factors could affect our ability to obtain, or may increase costs associated with obtaining additional funds through the sale of our securities or otherwise meet liquidity needs and obtain capital.

Our ability to continue as a going concern depends on our ability to obtain substantial funds for use in our development activities and upon the success of our planned exploration and development activities. There can be no guarantee of future capital acquisition, fundraising or exploration success. However, in addition to revenue generation from the sale of CBM, we believe that we will continue to be successful in securing the additional capital necessary to continue as a going concern.