25 Jun 2010 08:11
June 25, 2010
Great Eastern Energy Corporation Limited
Award of CBM Block at Mannargudi
Great Eastern Energy Corporation Limited ("Great Eastern"), a company involved in the exploration, development and production of coal bed methane in India, is pleased to announce that yesterday the Ministry of Petroleum & Natural Gas (MoPNG) has announced the award of one CBM block to Great Eastern under the CBM-IV round (http://pib.nic.in/release/release.asp?relid=62794). The said block (Mannargudi) is situated in the state of Tamil Nadu, Southern part of India. The block spreads in an area of 691 Sq. Km and the CBM resource of the block is estimated at 0.98 TCF as per the information from Directorate General of Hydrocarbons (DGH). Further details will be announced in due course.
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For Further Information:
Great Eastern Energy
YK Modi, Chairman & CEO +44 (0)20 7337 1516
Prashant Modi, President & COO
Arden Partners
Richard Day +44 (0)20 7614 5900
Adrian Trimmings
RBC Capital Markets
Martin Eales +44 (0)20 7653 4000
Brett Jacobs
Pelham Bell Pottinger
Philip Dennis +44 (0)20 7861 3919
Elena Dobson +44 (0)20 7861 3147