Great E. Energy Corp - Result of EGM
19/11/2015 08:45
RNS Number : 2684G
Great Eastern Energy Corp Ltd
19 November 2015
19 November 2015
Great Eastern Energy Corporation Limited
("Great Eastern" or "the Company")
Result of Extraordinary General Meeting
Great Eastern Energy Corporation Limited (LSE: GEEC), the fully integrated, leading IndianCoal Bed Methane (CBM) Company,is pleased to announce thatfurther to the announcement on 14 October 2015, all the resolutions proposed at itsExtraordinary General Meeting held on 19 November 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 had a turnover of US$ 37.46m, EBITDA of US$ 24.80m and cash generation of US$ 20.21m.
For further information please visitwww.geecl.com
For further information please contact:
Great Eastern Energy
Yogendra Kr. Modi Executive Chairman +44 (0)20 7614 5917
Prashant Modi Managing Director & CEO
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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