Stepping down of Director

13 June 2016

Great Eastern Energy Corporation Limited

("Great Eastern" or "the Company")

Stepping down of Director

Great Eastern Energy Corporation Limited (LSE: GEEC), the fully integrated, leading Indian Coal Bed Methane (CBM) Company, announces that further to the announcement on 07 June 2016, Mr. Paul Sebastian Zuckerman, Independent Director of the Company, has stepped down from the Board of Directors of the Company w.e.f. 12 June 2016 in the line with the policy adopted and approved by the Nomination and Remuneration Committee of the Company.

The Company appreciates the valuable assistance and guidance provided by Mr. Zuckerman during his tenure with the Company.

About the Company

The Company is a fully integrated gas production, development and exploration company in India, providing gas to the growing industrial region of West Bengal. Gas is being produced (Coal-Bed Methane gas) from the Raniganj (South) license area, which covers 210 sq. km, with 2.62 TCF of Gas-in-Place. 

The Company's second asset is the Mannargudi license situated in the state of Tamil Nadu in India, which covers an area of 667 sq. km and 0.98 TCF Gas-in-Place.

For further information please visit www.geecl.com

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