Milestones

Year	Milestones
1993	Entered into a MOU and licence agreement with Coal India Limited.
1994	Paid a signature bonus of INR 10.0 million (over US $ 300,000) to Coal India Limited.
1995-98	Carried out core-hole exploration and commercial viability tests.
2001	Contract for exploration and production of Coal Bed Methane signed with Ministry of Petroleum & Natural Gas. Petroleum Exploration License signed with West Bengal Government.
2002	Started pilot production program of 3 wells.
2004	Struck gas in the first well. By July 2004, gas observed in all 3 existing pilot wells.
2005	Completed an offering of GDRs to become the first Indian company to list on AIM.
2006	Commenced drilling of 20 wells, in addition to the Company's 3 pilot wells which were completed in 2004.
2007	First group of 23 wells, including the 3 pilot wells, completed. First company to commercially market CBM in India. Signed a franchise agreement with Indian Oil Corporation Limited to supply CNG. Delivery of first drilling rig.
2008	Started drilling an additional 30 wells. West Bengal Government granted the mining lease for the Raniganj (South) block. Successfully commissioned Gas Gathering Station (GGS).
2009	Successfully commissioned Central Gathering Station (CGS). Completed the pipeline from the GGS to the CGS in Asansol. Completed the pipeline from the CGS to Kulti. Completed pipeline from the CGS to Durgapur.
2010	Signed a franchise agreement with Bharat Petroleum Corporation Limited to supply CNG. Shifting of GDRs from AIM to the Main Market of the London Stock Exchange. Awarded the Mannargudi block under the CBM - IV licensing round. Contract for exploration and production of Coal Bed Methane for the Mannargudi block signed with the Ministry of Petroleum & Natural Gas.
2011	Delivery of Second drilling rig. Petroleum Exploration License signed for the Mannargudi block with Tamil Nadu Government. GEECL became the first CBM Company in India to receive the Quality, Health & Safety and Environment certification (ISO 9001:2008, OHSAS 18001:2007, ISO 14001:2004) by TUV NORD CERT GmbH for its operations in the Raniganj (South) block and for its Corporate Office at Gurugram.
2012	Deviated drilling successfully commissioned.
2018	OGIP increased from 2.62 TCF to 9.25 TCF for the Raniganj (South) block.