Latest Share Chat

REMOVE ADS

GEEC.L Regulatory News (GEEC)

GEEC.L Information

There is currently no data for GEEC

REMOVE ADS

Operational update

10 Sep 2012 07:00

RNS Number : 8321L

Great Eastern Energy Corp Ltd

10 September 2012

Great Eastern Energy Corporation Limited

("Great Eastern" or "the Company")

Operational update

Great Eastern Energy Corporation Limited (LSE: GEEC), the fully integrated, leading Indian Coal Bed Methane (CBM) company, is pleased to provide the following operational update:

Raniganj (South) Block:

·; Production currently running at 11.2 mmscfd (25 June 2012, 9.8 mmscfd) up 14.3%

·; A total of 128 wells drilled to date; including 29 deviated wells (25 June 2012, 121 wells)

·; 111 wells fractured (25 June 2012, 98 wells)

·; 11 deviated wells producing gas

Outlook:

·; On track to achieve our target of 40 wells per year

·; Confident of meeting market expectations

·; Routine approvals still pending to commence work on Mannargudi Block

·; ONGC has now decided to withdraw the farm-out process that it begun for four of its CBM blocks earlier this year, and informed Great Eastern that "the farm-out process needs to be carried out afresh."

Prashant Modi, President and COO of Great Eastern, said:

"Great Eastern continues to make good progress. Deployment of the second rig at Raniganj is accelerating fracturing, production is increasing as planned, and we are on track to achieve our target of completing 40 wells per year."

For further information please contact:

Great Eastern Energy
Yogendra Kr. Modi	Chairman & CEO	+44 (0)20 7337 1516
Prashant Modi	President & COO

Arden Partners plc
Richard Day		+44 (0)20 7614 5917
Adrian Trimmings

Goldman Sachs International
James Anderson		+44 (0) 20 7774 1000

M: Communications
Ann-marie Wilkinson		+44 (0) 20 7920 2344

Andrew Benbow

This information is provided by RNS

The company news service from the London Stock Exchange

END

DRLUGUUPBUPPGBB

Date		Source	Headline
9th Sep 2008	9:09 am	RNS	Result of EGM
1st Sep 2008	7:00 am	RNS	Trading Update
18th Aug 2008	7:00 am	RNS	Requisition of EGM
28th Jul 2008	7:00 am	RNS	Right of Way
21st Jul 2008	10:30 am	RNS	Result of AGM
2nd Jul 2008	11:00 am	RNS	Director's Dealing
20th Jun 2008	9:42 am	RNS	Holding(s) in Company
6th Jun 2008	9:29 am	RNS	Director/PDMR Shareholding
3rd Jun 2008	7:00 am	RNS	Preliminary Results
1st May 2008	10:42 am	RNS	Results Date
1st Apr 2008	7:00 am	RNS	Director Share Purchase
31st Mar 2008	7:02 am	RNS	Trading Update
22nd Jan 2008	4:07 pm	RNS	Directors Dealing
7th Jan 2008	10:32 am	RNS	Director's Dealing
20th Dec 2007	5:23 pm	RNS	Directors Dealing
21st Nov 2007	7:01 am	RNS	Appointment of Joint Broker
20th Nov 2007	7:01 am	RNS	Interim Results
31st Oct 2007	7:01 am	RNS	Franchise Agreement
19th Oct 2007	7:00 am	RNS	Notice of Results
2nd Oct 2007	8:46 am	RNS	Director Share Purchase
20th Aug 2007	7:02 am	RNS	Trading Update
17th Aug 2007	3:00 pm	RNS	AIM Rule 26
16th Jul 2007	4:32 pm	RNS	AGM Statement
16th Jul 2007	7:01 am	RNS	Sales of Gas Commence
5th Jul 2007	7:00 am	RNS	Environmental Clearance
6th Jun 2007	7:01 am	RNS	Final Results
25th May 2007	10:58 am	RNS	Notice of Results
2nd Mar 2007	7:30 am	RNS	Development Plan Approval
22nd Feb 2007	10:16 am	RNS	Director Share Purchase
13th Feb 2007	4:54 pm	RNS	Director's Dealing
5th Feb 2007	7:01 am	RNS	Trading Update
12th Dec 2006	10:27 am	RNS	Total Voting Rights
20th Nov 2006	7:02 am	RNS	Interim Results
7th Nov 2006	8:26 am	RNS	Notice of Results
18th Sep 2006	7:00 am	RNS	Project Update
13th Sep 2006	7:01 am	RNS	Extension of GDR programme
24th Aug 2006	3:06 pm	RNS	Directorate Change
11th Aug 2006	2:45 pm	RNS	Company Statement
21st Jul 2006	9:11 am	RNS	Notice of EGM
26th Jun 2006	2:48 pm	RNS	Director Shareholding
19th Jun 2006	11:35 am	RNS	Notice of AGM
30th May 2006	3:03 pm	RNS	Notes to financial statement
30th May 2006	10:23 am	RNS	Final Results
1st Mar 2006	12:52 pm	RNS	Shareholders' Update
14th Feb 2006	2:30 pm	RNS	Notice of EGM
8th Feb 2006	3:33 pm	RNS	Board Appointment
25th Jan 2006	7:00 am	RNS	Commercial Drilling Commenced
21st Dec 2005	3:38 pm	RNS	Director share purchase
21st Dec 2005	3:36 pm	RNS	Interest in Shares
21st Dec 2005	3:34 pm	RNS	Interest in shares

Latest Share Chat

GEEC.L Regulatory News (GEEC)

Operational update

Please enter at least 2 characters

No results found

Search results

Recently viewed

Trending