Great East Energy, Inc. announced consolidated earnings results for the year ended December 31, 2013. Increases in natural gas pricing lifted 2013 gas revenues by $21,600 to $0.3 million for the year compared to revenues of $0.25 million for the year ended December 31, 2013. Operating loss was approximately $3.96 million as compared to the operating loss of approximately $0.15 million reported last year.

The increase in operating loss is primarily attributed to professional fees expenses, and to a lesser extent, to increases in other operating expenses. GASE's net loss applicable to common shares was approximately $3.96 million or $0.08 per basic and diluted share compared to net income applicable to common shares of $26,160 reported last year. The decrease was primarily the result of an increase in operating expenses for the year ended December 31, 2013 as compared to 2012.

Loss before income tax was $4 million against income before income tax of $0.06 million reported last year. Total revenues and other income was $0.35 million against $0.34 million reported last year.