You want a COILED Stock that is trading in a TIGHT, TIGHT Channel with Blistering Volume?
Then GASE is the Trade for you. At $.489, GASE has been trading between ~$.40-~$.75 for around 5 months now. We think the Stock may now have the ammunition and developments to Push Back to that $.75 Level and Further towards the ~$1.00 Funding Target!
One would think GASE is past due for some Volatility and a Major Move in one direction - the signs may point North for now!!!
- Volume consistently trades between 100K-700K Shares - $50K-$350K in Dollar Volume. Real money is in play here as the company has caught a lot of Buzz during the Ukranian Conflict.
- RSI is nearing a 50 Break which could set off a Bullish reaction.
- GASE is flirting with a 20 and 50 SMA Break at ~$.56-~$.57 which is currently pressuring the stock down until a break occurs. We think it could happen any day now as ACCUMULATION continues to Rise.
The dramatic rise in energy prices gives GASE a strong hand to play. Gazprom supplies more than half of the gas Ukraine uses each year, but as the country moves toward energy self-sufficiency from Russia, it will look to new companies such as GASE to supply it with much needed gas in an effort to push Russia and higher prices away.
GASE is pushing to be a Long-Term Energy Solution in places such as Ukraine seeking Energy Self Sufficiency. A recent injection of $1.49 million in private financing should allow the company to continue adding to its 162 square miles of producing clean energy assets. Value is being unlocked quickly here, and we had to Alert GASE before this CHART makes up its mind based on Scorching Volume, Rising Trader Interest, Financing at a Premium to Market, and Great Developments being released.
GASE has received a reserve report showing its assets hold 47 billion cubic feet of natural gas that is ready for drilling and production, and the company's recent receipt of $1.49 million in private financing will help the company get to work delivering upon that reserve. Great East Energy's assets are surrounded by a gas field that has been called the "featured asset" in Ukraine's landmark deal with Royal Dutch Shell and Chevron.
GASE 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. Project, Property, Management, and Geographical Details can be found on their home site at http://www.greateastenergy.com/.
What are the Property and Asset Specifics?
- 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.
- 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 through an independent NI 51-101 report.
GASE has seen the following Bullish Industry Landscape Changes along with Multiple Corporate Developments in just a few months:
- GASE's Position has Strengthened in Ukraine With Russia's Threat to End Discounted Natural Gas
- The GASE CEO has said "Gas Prices Will Remain High" in Middle Europe While "Russia Refuses to Provide Discounts"
- GASE May Be Part of Ukraine's Solution to Energy Self Sufficiency From Russia
- The Company named an International Energy Executive Herve Collet as its Chief Operating Officer.
- GASE could See More Pipeline, More Customers, and More Revenues With a Larger Natural Gas Footprint.
- The Company has Planned the Expansion of its Gas Holdings to 1,000 Square Miles!
- GASE Investors have shown Confidence With a $1.49 Million Placement at $1.00/Share!
- The Company Closed a $1.49 Million in Outside Investment From Private Equity Shareholders!
- The Company is Generating Revenues for Investors with Clean Energy Assets in the Lucrative European Market.
- Shareholders are seeing rising value via European Gas Prices That Are Three Times Higher Than in the U.S.
- GASE is Producing Gas Alongside Energy Giants Shell, Exxon Mobil, and Chevron in Ukraine.
Last Thursday, GASE saw its Position Strengthen in Ukraine With Russia's Threat to End Discounted Natural Gas. The turmoil in Ukraine has created Opportunities for Energy Trades such as our latest alert.
- The crisis continues to play itself out between Ukraine and Russia through its state-owned gas company, Gazprom.
- GASE's assets in Ukraine seem to be gaining in value and the company's position there is strengthening as well.
- It all starts with their estimated gross total reserves of 47 billion cubic feet (BCF) of natural gas in its 162-square mile licensed area.
- These reserves are likely to return a great deal of revenue to the company as it produces and sells that natural gas to its customers.
- Great East Energy's revenue could be greatly enhanced if Ukraine is forced to pay much higher prices for natural gas coming from Gazprom.
- The Russian gas company has threatened to raise the price it charges Ukraine for its gas from $7.70 to around $11.50 per 1,000 cubic feet.
- With Great East Energy's estimated reserves, it could join other companies to supply Ukraine some of that shortfall at its current discount from Gazprom, and generate almost $362 million. The company could supply gas closer to the high end of the scale, and match Gazprom's threatened prices and generate over $540 million.
- The recent acquisition of 162-square miles of producing clean energy assets looks like perfect timing as the nation looks to make energy self-sufficiency from Russia a priority now more than ever.
- Natural gas is the impetus behind this latest crisis. Russia has it, Ukraine wants it and at the same time, Ukraine owes Russian state-owned gas giant, Gazprom $1.5 billion for gas it has already supplied in 2013 and early 2014.
- Cash strapped Ukraine isn't likely in a position to pay however, so Gazprom, which controls nearly one-fifth of the world's gas reserves and supplies more than half of the gas Ukraine uses each year, stated that it intends to start charging Ukraine around $11.50 per 1,000 cubic feet for its gas, which is a dramatic rise from the discounted rate of around $7.70 the country has been paying.
- Ukraine is seeking outside companies to come into the country and help it explore and produce what is estimated to be more than 40 trillion cubic feet of recoverable shale gas. This represents enough gas to satisfy decades of demand in the country and leave behind the rising prices and continuous threats from Russia to turn off the taps delivering gas to Ukraine.
- According to the U.S. Energy Information Administration, proved reserves of natural gas in Ukraine were estimated at 39 trillion cubic feet. Ukraine's total shale gas deposits are estimated at around 200 trillion cubic meters placing the country third just behind Poland and Norway with the most proved reserves in Europe. In addition, Ukraine has CBM reserves totaling 42 trillion cubic feet.
NG Prices are 3x Higher in Ukraine than compared to the USA. This is a Bullish Sales Scenario for GASE!
- With a potential expansion of the Great East Energy footprint, this is good news for investors as the company can further take advantage of natural gas prices that are three times higher than here in the U.S., and use the additional assets to generate more revenues by extending its pipeline to even more customers.
- The 40-Year Oil and Gas Drilling Engineer is now set to Lead Field Operations for GASE's Current 160 Square Miles of Middle European Clean Energy Assets.
- He has managed drilling operations from Canada to Costa Rica, from Mexico to Morocco, and importantly for GASE, in Middle Europe as well.
The GASE Future has never looked brighter given International Circumstances and GASE Developments. The company is Very Very Bullish on their current situation and made this respective release at the end of February: GASE Could See More Pipeline, More Customers and More Revenues With Larger Natural Gas Footprint Thoughts on Corporate Sales and Assets are detailed below.
- The greatest value is what is still to come for the company and that is the production and sales of reported gross total reserves on their licensed area of 47 billion cubic feet of natural gas, and this may be just the beginning of a very valuable future.
- Currently Great East Energy owns assets, through the acquisition, that have been producing gas since 2003, own two gas processing facilities, and over eight miles of gas pipelines to their customers.
- These assets bring over $1 million of retained earnings and over $1.1 million in property, plant and equipment to the balance sheet. These values are likely to increase as the cost of natural gas continues to rise, and as the company implements North American capital, industry knowledge and technology which are all made easier with the recent private funding.
Does the company have future expansion plans? On February 25th, Great East Energy Announced Plans for the Expansion of Gas Holdings to 1,000 Square Miles. This is an Increase From GASE's Current 160 Square Miles of Middle European Clean Energy Assets in CEO'S "Stage Two" Plan!
- The company's CEO, Timur Khromaev is aiming to expand the company's area up to 1000 square miles, and when you understand just how much proved reserves of natural gas there are in Ukraine, it's easy to understand.
- What is the plan?
- "In our first stage, we want to create the base for further rapid expansion," said GASE CEO Timur Khromaev
- "Then, we plan to obtain greenfield licenses and acquire underperforming, existing operators that have room to grow, aiming at expansion of Great East Energy's area from 162 square miles to 1,000 square miles,"
- The Fundings Priced at $1.00 per Share Positions Investors in GASE's 160 Square Miles of Middle European Clean Energy Assets.
- GASE has sold one-year hold restricted common stock to private investors priced at USD$1.00 per share. "Great East Energy will use the investment proceeds to further develop its estimated gross total reserves of 47 billion cubic feet (BCF) of natural gas in the GASE license area," said CEO Timur Khromaev
Stockchat LLC has received six thousand dlrs for the awareness of GASE from a third party DF Media.