GASE ENERGY, INC.

We are filing this Amendment No. 1 (the “Amended Filing”) to the Annual Report on Form 10-K (the “Original Filing”) of GASE Energy, Inc. for the fiscal year ended December 31, 2013 that we filed with the Securities and Exchange Commission (the “SEC”) on April 15, 2014 to revise certain disclosures pursuant to a comment letter we received from the SEC in connection with our filing of the Registration Statement on Form 10 with the SEC on September 8, 2014. This Amended Filing does not reflect events that occurred after the Original Filing or modify or update those disclosures affected by subsequent events. This Amended Filing should be read in conjunction with the Original Filing and the Company's other filings made with the SEC subsequent to the filing of the Original Filing.

Mr. Barry L. Whelan , age 72, is a professional geological consultant to numerous natural resource and industrial development companies with natural resource holdings in oil, gas and minerals worldwide. His responsibilities include: preparation of NI 51-101, economic evaluations of properties; research and development of projects which have economic potential; evaluation of projects and their requirements for capital; presentations to management, financial institutions, and shareholders; economic analysis of resource properties and coordination of acquisition, development and production for resource properties; filing of V.S.E. reports, assessment reports and property evaluations for resource properties. The geographical areas of operations and research that Mr. Whelan has covered include North America, South America (Colombia, Brazil, Argentina, Chile, Ecuador and Venezuela), Tunisia, Ghana, Kazakhstan, Indonesia, China, Ukraine, Poland, Papua New Guinea and Israel.

Currently, he is the Chief Operating Officer and Director of Energy Resources Corp., based in Vancouver company engaged in natural resource development in the United States. He has also been working for Bison Petroleum Inc. in Salt Lake City as a Vice-President-Explorations since 2013. Mr. Whelan served as Chief Operating Officer of Hard Creek Nickel Corp. (formerly, Canadian Metals Exploration Ltd.) from January 8, 2004 to January 7, 2005 and also its Secretary from January 16, 2004 to February 26, 2004. Hard Creek Nickel Corporation, an exploration stage company, is engaged in the acquisition, exploration, and development of mineral properties in Canada.

Mr. Whelan graduated from University of Western Ontario in 1961 with a Bachelor of Arts in Geology. He has been a member in different geological organizations, including Association of Professional Engineers and Geoscientists of the Province of British Columbia, Association of Professional Engineers, Geologists and Geophysicists of Alberta, Geological Association of Canada, Canadian Society of Petroleum Geologists and Institute of Petroleum, London. 

The standardized measure of discounted future net cash flows is computed by applying the average first day of the month price of gas during the 12 month period before the end of the year (with consideration of price changes only to the extent provided by contractual arrangements) to the estimated future production of proved gas reserves, less the estimated future expenditures (based on year-end costs) to be incurred in developing and producing the proved reserves, less estimated future income tax expenses (based on year-end statutory tax rates, with consideration of future tax rates already legislated) to be incurred on pretax net cash flows less tax basis of the properties and available credits, and assuming continuation of existing economic conditions. The estimated future net cash flows are then discounted using a rate of 10 percent per year to reflect the estimated timing of the future cash flows.

This protocol was signed by Ukraine, OSCE and Russia and contains 12 steps which regulate the process of implementation of peace on the given territory. In connection with signing the cessation of arms and cease-fire was announced. Together with that, this condition is not followed by the terrorists and the locations of Ukrainian army undergo the firing. At the end of August, the President of Ukraine announced about the dismissal of the Parliament and the pre-term elections to the Parliament on October 26th. During September-October the Parliament adopted several important laws including the laws aimed at the reforms in Ukraine and improvement of the investment climate in Ukraine: «About the public prosecutor’s office», «About the National anti-corruption bureau of Ukraine», the Law «About the prevention of corruption».