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Great Eastern Energy Corporation (GEEC) has announced an upgrade in its resources at the Raniganj (South) block. “We are delighted to report this significant uplift in the original gas in-place (OGIP) for our Raniganj (South) block of up to 9.25 trillion cubic feet, with an undiscounted value of $13.78 billion and a discounted value of $4.31 billion.” said Prashant Modi, MD and CEO of GEEC. “We believe that the shale gas resources can be explored and developed cost-effectively in tandem with our successful ongoing CBM development program through the sharing of surface and other infrastructure facilities.”
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