Prashant Modi, President & COO of GEECL confirms the completion of laying of gas pipeline from Asansole to Durgapur

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) May 28, 2010 -- New Delhi: Great Eastern Energy Corporation Limited (“Great Eastern Energy”), a company involved in the exploration, development and production of coal bed methane in India is pleased to announce that, further to the announcement on August 13, 2009 regarding Pipeline Progress, it has successfully completed laying the entire pipeline on the Asansol-Durgapur sector resulting in a total pipeline of 77.47 km. The Company is currently in the process of testing the remaining section, comprising 30.39 km, from Raniganj – Durgapur.

The total pipeline of 77.47 km comprises 11.8 km connecting the Gas Gathering Station (GGS) to the Central Gathering Station (CGS); 12.36 km connecting CGS to Kulti, and 53.31 km connecting Asansol (CGS) to Durgapur.

The pipeline system, which is capable of carrying up to 35 mmscfd at 15 bar pressure, is part of a vertically integrated network consisting of drilling, production, compression, transportation and distribution services.

Prashant Modi, President and Chief Operating Officer Great Eastern Energy, commented:

“The completion of the laying of the pipeline from Asansol to Durgapur is a significant milestone achieved by the Company and gives access to new market opportunities for Great Eastern Energy. With the production potential of the license no longer in question the focus of the business has increasingly moved towards sales, marketing, and distribution.”

About Prashant Modi

Mr. Prashant Modi is currently the President & Chief Operating Officer of Great Eastern Energy Corporation Limited (GEECL). He has been associated with the company since its inception. He is responsible for the day-to-day operations of GEECL, and was also instrumental in the successful listing of the company on London’s AIM (Alternative Investment Market) exchange in December, 2005. He’s also on the Environment Task Force committee of the Federation of Indian Chamber of Commerce and Industry (FICCI).

Further information on GEECL can be obtained at www.geecl.com

Disclaimer

Great Eastern Energy Corporation Limited is proposing, subject to market conditions and other considerations, a public issue of its equity shares and has filed its Draft Red Herring Prospectus (“DRHP”) with the Securities & Exchange Board of India (“SEBI”).

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