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Great Eastern Energy Corp Ltd (geecl)

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GEECL to invest USD 2 billion in shale gas exploration

We want to recreate in shale what we did for CBM (Coal Bed Methane) , said CEO Prashant Modi.
GEECL waits for approvals for shale gas exploration

The company had announced an investment of $2 billion over the next 10 years in shale gas extraction project.
Govt to scrap allocation of CBM block given to GEECL

GEECL was awarded block MG-CBM-2008/IV for extraction of gas lying below coal seams, called CBM, under the fourth round of CBM block auction in 2010. The production sharing contract (PSC) for the block was signed on July 29, 2010.

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