Great Eastern Energy Corporation, led by Prashant Modi, announced an increase in coal bed methane reserves at its Raniganj (South) Block in India. The original gas reserves increased 2% to 2.40 trillion cubic feet, and proved, probable and possible reserves grew 7% to 277 billion cubic feet. The company has drilled 144 wells so far and plans to drill 40 wells per year. Prashant Modi stated that the reserve upgrade confirms the block's resource potential and that the company remains on track to achieve projected production levels.

1. Great Eastern Energy Corporation which is led by Mr. Prashant Modi is an Indian Coal Bed
Methane company. GEECL has announced an increase in its reserve numbers at the Raniganj
(South) Block, as provided by independent reserve engineers Advance Resources International.
The company led by Prashant Modi announced that original-gas-in-place increased 2% to 2.40trn
cubic feet (TCF) from 2.35 TCF in May 2012.
Proved, probable and possible reserves (3P) increased 7% to 277bn cubic feet (BCF) from
258BCF in May 2012.
The company also reported that a total of 144 wells had been drilled, including 45 deviated
wells. It said it is on track to complete 40 wells per year.
Prashant Modi, President and Chief Operating Officer of Great Eastern, said: "This original-gas-
in-place and reserves upgrade is further confirmation of the resource potential of the Raniganj
Block.
Mr. Prashant Modi further added that "Operational progress is continuing as planned, and we
remain on track to achieve our projected exit production. With continued interest from major
new industrial customers reaffirming the attractive supply/demand balance for gas in India, from
which we are exceptionally positioned to benefit, we are well set to deliver on our growth
potential."
Original gas in place is the quantity of gas that is estimated to exist originally in naturally
occurring accumulations.
Great Eastern Energy led by Mr. Prashant Modi is focused on the monetisation of natural gas
from coal seams. It is a vertically integrated gas supplier and is connected to customers in the
Raniganj (South) block by an owened and operated pipeline network