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Energy company GeoMet announces terms for its IPO

July 10, 2006

GeoMet, an exploration and production energy company focused on natural gas from coal seams, announced the terms for its IPO on Monday. The Houston based company plans to offer 6 million shares at a range of $13-$15. Banc of America is the lead manager for the deal which has a proposed market cap of $558 million. Timing has yet to be announced.