Great Eastern Energy Corporation Ltd. (GEECL)
Address: Signature Towers - 'A', 14th Floor, South City, NH-8, Gurgaon - 122 001, Haryana, India
Tel: +91-124-455 9900
Company descriptionGreat Eastern Energy Corporation Ltd. (GEECL) is the first Private Sector Company in India that entered this field. It is a part of the YKM Holdings Group. In December 2005, GEECL became the first Indian Company to be listed on the London Stock Exchange's Alternative Investment Market (AIM). In May 2010, GDRs of the Company were admitted to the main market of the London Stock Exchange.
GEECL's pioneering effort is helping in maintaining the ecological balance in coal bearing areas where methane gas is escaping into the atmosphere and damaging the ozone layer. It will result in the demethanation of coal-beds and avoidance of methane emissions into the atmosphere.
GEECL is pleased to state that it commercialised CBM for the first time in India. The Gas-in-Place in the Raniganj block is 2 TCF as reported by Netherland, Sewell & Associates, Inc. Under the CBM-IV licensing round, in June 2010 GEECL was awarded the Mannargudi block, near the city of Tiruchirapalli (Trichy), Tamil Nadu. The Mannargudi block covers 691 sq. km. and the effective area for CBM operations is 667 sq. km. (166,750 acres). The estimated Gas-in-Place in the effective area as per the Directorate General of Hydrocarbons (DGH) is 0.98 TCF.
Products and servicesblocks on the eastern flank of the Marañon Basin in northern Peru, on the crest of the Iquitos Arch. Gran Tierra Energy’s presence in the Marañon Basin was expanded in September 2010 as the company announced it had entered into an agreement to farm into 3 blocks through Burlington Resources Peru Limited, a wholly owned subsidiary of ConocoPhillips. Gran Tierra Energy acquired a 20% working interest in blocks 123, 124 and 129 which cover over 6.7 million gross acres. In December 2010, Gran Tierra Energy added an additional 1.3 million gross acres through the acquisition of a 60% working interest and operatorship of block 95 in the Marañon Basin
Gran Tierra Energy acquired operatorship and 100% working interest in Blocks 107 and 133 in the Ucayali Basin as a result of its acquisition of Petrolifera Petroleum Limited, which closed in March 2011. The acquisition adds approximately 2.1 million gross acres of land in Per