CBM Asia Development Corp. (CBM Asia's) strategic goal is to acquire, through joint ventures, farm-ins and PSC applications, a significant land position in Indonesia's rapidly emerging coalbed methane industry with the potential to yield 10-15 Tcf of net recoverable resources.

The Company believes that Indonesia's CBM industry continues to provide a unique investment opportunity. Acreage acquisition costs remain low at USD4.88/ acre, based on CBM Asia's actual costs to date, whereas finding costs are some of the least expensive worldwide. For example, the demonstrated Sekayu PSC finding costs for CBM Asia and its partners were less than USD0.01/Mcf 1, a remarkably low figure which includes three test wells and the USD1.0 million signature bonus to the Indonesian government.

Tags: CBM Asia Development Corp.