Great Eastern Energy Corporation Share Price

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• Great Eastern Energy Corporation Limited (GEECL) is an Indian company focused on exploring, developing, extracting, distributing, and marketing coal bed methane (CBM) gas and compressed natural gas (CNG). Established in 1992 and headquartered in Gurugram, India, GEECL holds the distinction of being the first company to commercially produce CBM gas in the country (with their first CBM contract signed in 2001).
• They operate entirely within India, holding full ownership (100% interest) of two CBM blocks:
  • Raniganj (South) Block: This 210 square kilometre block is situated in West Bengal, strategically located within the state's growing industrial belt.
  • Mannargudi Block: Covering an area of approximately 667 square kilometres, this block is situated in Mannargudi, Tamil Nadu.
• GEECL boasts:
  • Large certified reserves and resource base: 612 BCF (proven, probable and contingent) + 913 BCF (contingent) + 2103 BCF (unappraised)
  • Strong regional gas demand, demonstrating consistent production growth and positive cash flow
  • Benefit from free market gas prices, coupled with low operating expenses
  • Fully integrated and self-sufficient CBM operations: They possess their own drilling rigs, midstream facilities, and downstream infrastructure.