Great E. Energy Corp - Result of AGM

Great Eastern Energy

26/08/2015 11:51

RNS Number : 1450X

Great Eastern Energy Corp Ltd

26 August 2015

26 August 2015

Great Eastern Energy Corporation Limited

("Great Eastern" or "the Company")

Result of AGM

Great Eastern Energy Corporation Limited (LSE: GEEC), the fully integrated, leading IndianCoal Bed Methane (CBM) company,is pleased to announce that further to the announcement on 28 July 2015, all the resolutions proposed at itsAnnual General Meeting held on 26 August 2015 were duly approved by the shareholders.

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.Gas is being produced (Coal-Bed Methane gas) from the Raniganj (South) license area, which covers 210 sq. km, with 2.62 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 year ended as on 31 March 2015, the Company increased its turnover by 9% to US$ 37.46m, EBITDA by 4% to US$ 24.80m and cash generation by 13% to US$ 20.21m.

For further information please visitwww.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

James Felix  +44 (0)20 7614 5900

Ciaran Walsh

Camarco

Ginny Pulbrook +44 (0)20 3757 4992

Billy Clegg

Georgia Mann

This information is provided by RNS

The company news service from the London Stock Exchange

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