Articles Tagged "CBM Asia"

CBM Asia Cuts Costs and Announces Non-Brokered Private Placement of C$11 Million

Gas – Following the announcement regarding development plans of the Kutai West PSC last week, CBM Asia Development Corp. (TSXV:TCF,OTCBB:CBMDF,FWB:IY2) announced a non-brokered private placement of C$11,000,000 secured loans with bonus shares. CBM Asia is also taking steps to reduce general and administrative expenses, reducing staff levels and office sizes for both Vancouver and Jakarta.

CBM Asia Announces Annual and Special General Meeting Results

Gas – CBM Asia Development Corp. (TSX:TCF, US:CBMDF, FRANKFURT:IY2) announced that at the annual and special meeting of shareholders held on Friday, March 28th, 2014, shareholders approved: The appointment of Charles W. Bloomquist, Adam Q.H. Clarke, James F. Friberg, Clint B. Sharples and Scott H. Stevens as directors. The appointment of BDO Canada LLP, Chartered Accountants, as auditor. The ratification and approval of the Stock Option Plan.

CBM Asia Development Corp. – Exploring Coalbed Methane in Indonesia

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.