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16 Jan 2015 10:12
16 January 2015
Great Eastern Energy Corporation Limited
("Great Eastern" or "the Company")
Director's Disclosure
Great Eastern Energy Corporation Limited (LSE: GEEC), the fully integrated gas production, development and exploration company, announces that further to the announcement on 13 January 2015 detailing the appointment of Mr S. Sundareshan as a non-executive director, there is no additional information required to be disclosed pursuant to Listing Rule 9.6.13 regarding such appointment.
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, where there is a structural shortage of gas. Gas is being produced (Coal-Bed Methane gas) from the Raniganj (South) licence area, which covers 210 sq. km, with 2.44 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.
In the six months to 30th September 2014, the Company increased its turnover by 21% to US$19.45m, EBITDA by 14% to US$12.97m and cash generation by 23% to US$10.77m.
For further information please visit www.geecl.com
For further information please contact:
Great Eastern Energy | |
Yogendra Kr. Modi, Chairman & CEO | +44 (0)20 7614 5917 |
Prashant Modi, President & COO | |
Arden Partners | +44 (0)20 7614 5900 |
Richard Day | |
James Felix | |
Macquarie Capital (Europe) Limited | +44 (0)20 3037 2362 |
Ken Fleming | |
Nick Stamp | |
Camarco | +44 (0)20 3757 4980 |
Ginny Pulbrook | |
Billy Clegg | |
Georgia Mann |
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