GASE Energy, Inc. Procures German-Made Gas Compressor Units to Increase Natural Gas Production for Customers

A-TEC Units Currently Under Build for Shipment to GASE in October

Compressors Expected to Increase GASE Output 45% in 2015

NEW YORK, NY and KIEV, UKRAINE / ACCESSWIRE / September 18, 2014 / GASE Energy, Inc. GASE ("GASE" or the "Company") which controls over 160 square miles of producing, clean energy holdings through two local operating companies in Ukraine, today announced the Company has placed orders for two A-TEC gas compressors for delivery and installation at GASE's natural gas production facility.  The installation of the units is expected to increase GASE's monthly production approximately 45%.

The A-TEC gas compressor units have been procured through Anlagentechnik GmbH, Germany. The compressors will be added to GASE's flare system installed in 2012.  Excess methane gas currently burned off by GASE's flare system will be redirected to its compressor units for capture, compression, and processing to increase the amount of natural gas which can be sold to GASE's customers.  The installation of the compressors will allow GASE to increase gas output an estimated 45% while remaining 100% with local and international regulations.  The resulting decrease in flare emissions may also produce emission credits for GASE, which can be sold to international carbon credit markets.

"While the situation remains tense our country, natural gas is a consistent topic of conversation for our national security and our economy," stated Timur Khromaev, CEO of GASE. "We are one of many companies preparing for increased natural gas production and laying the groundwork to increase domestic output.  Our newly-ordered compressor units are another step in our plans to meet increasing demand by our current customer base and boost our production to service more customers."

GASE has two gas processing facilities, one each on the NT and ST domes, each with capacity of 350 MMCF per month. Once installed and operational, GASE anticipates they will be able to increase monthly production of 2.38 MMCF to approximately 3.44 MMCF per month.  The Company also owns a 13.5 km gas pipeline to its customers to directly serve their demand.

About GASE Energy, Inc.:

GASE Energy, Inc. 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 

SOURCE: GASE Energy, Inc.