Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/cbm-asia-provides-an-update-of-its-coalbed-methane.shtmlCBM Asia provides an update of its coalbed methane exploration activities
CBM Asia Development Corp. provides an update of its coalbed methane (CBM) exploration activities in Indonesia.
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CBM Asia Development Corp. provides an update of its coalbed methane (CBM) exploration activities in Indonesia.
On December 12 CBM Asia signed a USD30 million Loan with Warrant MoU funding package with a prominent European family office which included a USD15 million letter of credit facility required by ExxonMobil under the Barito Basin farm-in Umbrella Agreement. The MoU was presented to ExxonMobil on December 13. However, CBM Asia was advised by ExxonMobil on December 16 that it planned to exit the Indonesian CBM industry.
