Great East Energy Names Investor Relations Team for Its Natural Gas Production and Development Companies
14 Janeiro 2014 - 11:00AM
Marketwired
Great East Energy Names Investor Relations Team for Its Natural Gas
Production and Development Companies
Two Firms Bring Financial Public Relations Expertise for Great
East and Its Operating Companies Which Hold Over 160 Square Miles
of European Clean Energy Assets
NEW YORK, NY and KIEV, UKRAINE--(Marketwired - Jan 14, 2014) -
Great East Energy, Inc. (OTCQB: GASE) (and the "Company") which
controls over 160 square miles of producing European clean energy
holdings through two local operating companies, has named two
leading investor relations firms to the GASE professional advisory
team. Lamnia International in Danbury, CT has been contracted
to provide communications coordination for GASE's investor
relations (IR) programs serving both retail and institutional
shareholders and investors. Equisolve, LLC of Ft. Lauderdale, FL
has been engaged by GASE to provide all aspects of a full-service,
investor-facing website, including hosting infrastructure and a
content management system. GASE is publically traded in the U.S.
and is a fully-reporting company with the SEC whose wholly-owned
subsidiary controls two companies which have been producing gas
since 2003, own two gas processing facilities, and over eight miles
of gas pipelines to their customers.
GASE owns operating and distributing unconventional gas
companies in the Dnieper-Donets Basin of Ukraine in Middle Europe,
with current production and infrastructure already in
place. GASE's 162 square mile property has seven major dome
structures, and according to its prior owners, has already produced
nearly one billion cubic feet of gas (BCF). Twelve core wells and
five vent-wells have been drilled on the producing domes to confirm
the presence and production of gas.
GASE's assets are surrounded by Royal Dutch Shell's Yuzivske gas
field comprising nearly 8,000 square kilometers, which was the
featured asset in a USD$10 billion contract signed by Ukraine at
Davos, Switzerland in 2013. The preliminary resources estimate
of the Yuzivske gas field is up to 300 trillion cubic
feet. The GASE Block reserves were evaluated by Marathon Oil
in 2007 and an independent NI 51-101 report is expected to be
issued in 2014.
ABOUT GASE:
Great East Energy is a producing, development stage company
targeting the growing independent natural gas production industry
of Ukraine, as Europe's second-largest country by land mass makes
energy self-sufficiency from Russia a priority. With Ukraine
natural gas priced over three times U.S. levels, the energy
industry holds compelling economics as well. Through its local
operating subsidiaries NPK-KONTAKT and LISPROMGAZ, the completion
of GASE's well development activities are planned to result in a
multi-million dollar inward investment into Ukraine.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 This press release contains forward-looking
statements made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Forward looking
statements are based upon the current plans, estimates and
projections of the Company's management and are subject to risks
and uncertainties, which could cause actual results to differ from
the forward looking statements.
Such statements include, among others, those concerning market
and industry segment growth and demand and acceptance of new and
existing resources; any projections of sales, earnings, revenue,
margins or other financial items; any statements of the plans,
strategies and objectives of management for future operations; any
statements regarding future economic conditions or performance;
uncertainties related to conducting business in Ukraine, as well as
all assumptions, expectations, predictions, intentions or beliefs
about future events.
Therefore, you should not place undue reliance on these
forward-looking statements. The following factors, among others,
could cause actual results to differ from those set forth in the
forward-looking statements: business conditions in Ukraine, general
economic conditions; geopolitical events and regulatory changes,
availability of capital, the Company's ability to maintain its
competitive position and dependence on key management. This press
release does not constitute an offer to sell or the solicitation of
an offer to buy any security and shall not constitute an offer,
solicitation or sale of any securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such
jurisdiction.
CONTACT:
www.greateastenergy.com John Mattio +1 646 248-5515
ir@greateastenergy.com Dan McClory Managing Director Hunter Wise
Financial Group, LLC +1 949 732 4102 dmcclory@hunterwise.com
GASE Energy (PK) (USOTC:GASE)
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