Announcement

Sunday, September 13, 2009

Great Eastern Energy completes pipeline project in India

Great Eastern Energy Corporation Limited a company involved in the exploration, development and production of coal bed methane in India announce that further to the announcement on August 13th 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 kilometer.

The Company is currently in the process of testing the remaining section, comprising 30.39 kilometer from Raniganj to Durgapur.

The total pipeline of 77.47 km comprises 11.8 km connecting the Gas Gathering Station to the Central Gathering Station 12.36 kilometer connecting CGS to Kulti and 53.31 kilometer connecting Asansol 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.

Mr Prashant Modi president & COO of Great Eastern Energy said that “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.”

(Sourced from http://www.steelguru.com/news/index/2009/09/14/MTExNTg5/Great_Eastern_Energy_completes_pipeline_project_in_India.html)

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