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.
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.
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