Great East Energy's 162-Square Mile Properties Border Shell's Gas Fields

Great East Energy's 162-Square Mile Properties Border Shell's Gas Fields 
GASE's Producing Gas Wells Are Due East of Shell's Estimated 300
Trillion Cubic Feet Reserve 
NEW YORK, NY and KIEV, UKRAINE -- (Marketwired) -- 01/21/14 --  Great
East Energy, Inc. (OTCQB: GASE) (the "Company") which controls over
160 square miles of producing European clean energy holdings through
two local operating companies, is pleased to provide an update on its
strategic location next to global energy producer Shell. 
GASE's assets are surrounded to the west 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 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 through an
independent NI 51-101 report detailing Great East Energy's estimated
reserves and other operating data, which is expected to be released
in 2014. 
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. Twelve core wells and five vent-wells have been drilled on the
producing domes to confirm the presence and production of gas. 
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 
 
 
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