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GEEC's CBM foray-I: Profitable so far
Jul 07: Even as ONGC struggles with its Bokaro CBM block on account of high overheads, there are others who are making money.
8One example is Great Eastern Energy Corporation Ltd (GEEC) in the Raniganj block
8Operations are small scale -- total revenues are at around $ 30 million -- but the gas price elicited is good enough to generate cash.
8The company claims to have an OIGP of 2.62 TCF, 3P reserves of  595 BCF
8There are a total of 114 gas producing wells under operations as of now.
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