Articles Tagged "CBM Asia Development Corp."

Bob Moriarty: US Energy Self-Sufficiency Nothing But ‘Feel-Good BS’

Oil – What the "tree huggers" don't realize, says 321energy.com founder Bob Moriarty, is that "the BMWs they drive to anti-Keystone protests need fuel." But the pipeline supporters who expect that fuel to come from American sources are just as delusional, Moriarty asserts in his scathing interview with The Energy Report. That's why he's looking beyond North America for lucrative oil plays. Find out which international producers may be ideally positioned to supply an energy-hungry U.S., and why Moriarty believes oil should be taxed "to the limit."

CBM Asia Development Corp. Reviews Private Placement

Oil – CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) is reviewing the $15,000,000 non-brokered private placement that was announced on March 6, 2013. Offers for multi-year financing structures from various investors and oil & gas companies in Indonesia have been received, and the Company is currently evaluating the terms and conditions of the offers.

CBM Asia Clarifies 15 TCF is Target Goal

Gas – CBM Asia Development Corp. (TSXV:TCF.FWB:IY2) announced its intent to clarify certain statements made in its news release of January 2, 2013. The news release stated that based on recent acreage acquisitions and well testing, the Company was increasing its target of establishing net recoverable gas from its existing acreage positions to 15 TCF (2.5 billion barrels of oil equivalent). The Company clarifies that the figure is the Company's target goal, and not an actual estimate of resources for its current acreage.