Oil – CBM Asia Development Corp. (TSXV:TCF,US:CBMD,FWB:IY2) reported that the non-brokered private placement announced on March 6, 2013 and April 1, 2013 is moving forward.
Articles Tagged "FWB:IY2"
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.
Gas – CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) has chosen Netherland Sewell and Associates Inc. (NSAI) to audit the Company's coalbed methane resources in Indonesia.
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.
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.
Oil – CBM Asia Development Corp. (TSXV:TCF,FWB:IY2) announced that their focus on 2013 will be on incorporating two production pilot programs, one in the Barito basin and the other in Central Sumatra, as well as dewatering activities at the Sekayu PSC and the Kutai West PSC. The production pilots are planned in areas where CBM Asia holds operatorship to avoid reliance on outside partners.
Oil – CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) announced that a conference call and live webcast for analysts and investors will be hosted by its Chairman, Scott Stevens on Thursday, January 10, 2013 at 1:15 p.m. Pacific Daylight Time (4:15 p.m. Eastern Time). The impact of ExxonMobil's joint venture will be discussed along with a 2012 recap, and the 2013 work program.
Oil – CBM Asia Development Corp. (TSXV:TCF,FWB:IY2) reported highlights from 2012 on its coalbed methane properties in Indonesia: gross acreage holdings increased to 2.45 million acres, 6 CBM test wells drilled and tested measuring higher-than-expected gas content at the Kutai West PSC (Production Sharing Contract) in East Kalimantan, and a Joint-Venture Agreement to farm into ExxonMobil's Barito Basin CBM blocks as well as potential PSCs and Joint Studies in the Kutai Basin.