Great Eastern Energy Corporation to Venture into Shale Gas Exploration
Great Eastern Energy Corporation Limited (LSE: GEEC), the fully integrated, leading Indian Coal Bed Methane (“CBM”) Company, today announced an upgrade in its resources at its Raniganj (South) block, which has been provided by the independent reserve engineers, Advance Resources International, Inc. (“ARI”).
The Government of India has permitted exploration and exploitation of all types of hydrocarbons including shale resources under the existing CBM Contracts.
ARI has made the foll...