Gas – Gas Investing News spoke with Sam Wahab, head of oil and gas equity research at London-based Seymour Pierce, about coalbed methane and CBM Asia (TSXV:TCF,FWB:IY2). Seymour Pierce currently holds a 'Buy' rating for CBM Asia.
Sam Wahab, head of oil and gas equity research at London-based Seymour Pierce, talks coalbed methane and the company's coverage of CBM Asia with Gas Investing News. Seymour Pierce currently holds a 'Buy' rating for CBM Asia.
CBM Asia Development Corp. (TSXV:TCF) is a Canadian unconventional gas exploration company with significant coalbed methane ("CBM") exploration and development projects in Indonesia. The Company holds various participating interests/rights in nine CBM production-sharing contracts (PSCs) and options to participate in a minimum of nine more. Indonesia has one of the largest CBM resources in the world with a potential 453 trillion cubic feet in-place, more than double the country's natural gas reserves.
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