7th Nov 2006 08:26
Great Eastern Energy Corp Ltd07 November 2006 Tuesday 7 November 2006 Great Eastern Energy Corporation (Great Eastern), a Company involved in theexploration, development and production coal bed methane (CBM) in India, will beannouncing its Interim Results for the six months ended 30 September 2006 onMonday 20 November. There will be an analysts meeting on that day at 09.30am at the offices ofPelham Public Relations, No 1 Cornhill, London. EC3V. For further information: Philip Dennis Pelham Public Relations Tel: 020 7743 6363 Notes to Editors: Great Eastern Energy Corporation Ltd ("Great Eastern") floated on the AIM marketin December 2005, raising £19m. The Company has a notional market capitalizationof £133m (GDR price of 122.5p at 6 November 2006). Great Eastern holds a licence to explore for CBM in the 210 sq km block in theRaniganj Coalfields, West Bengal. An independent report by Schlumberger awarded3P reserves of 817bcf and gas in place reserves of 1.386tcf, with average gascontent of 250 scf per ton to the block. The project plan involves drilling of 100 production wells over an estimatedfour year period in the first phase at an estimated capital outlay of $125million. The first 20 of the production wells have been drilled and arecurrently at the stage of being put on dewatering prior to production. Themarket for natural gas in India is growing rapidly on the back of strongeconomic growth. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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