10th Oct 2014 07:00
10 October 2014
Great Eastern Energy Corporation Limited
("Great Eastern" or "the Company")
Oil and Natural Gas Corporation Ltd ("ONGC") - Award of 25% Participating Interest in the Raniganj (North) block
The Company announces that further to the announcement made on 20 May 2013, it has received a letter from ONGC purporting to annul the process of awarding the 25% Participating Interest without assigning any reason thereof. The Company has challenged the purported annulment as it believes it is against the terms and conditions stated by ONGC while inviting the proposals for the same.
Further announcements will be made in this regard as required.
Disclaimer: http://www.geecl.com/disclaimerClause.html
For further information please contact:
Great Eastern Energy | |
Yogendra Kr. Modi Chairman & Managing Director Prashant Modi President & COO | +44 (0)20 7614 5917 |
Arden Partners | |
Richard Day | +44 (0)20 7614 5900 |
Macquarie Capital (Europe) Limited | |
Steve Baldwin | +44 (0)20 3037 2362 |
Nick Stamp | |
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