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Good Morning,
CBM Asia to Initiate Study on Kutai Block VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 20, 2009) - CBM Asia Development Corp. (the Company) (TSX VENTURE:TCF)(OTCBB:CBMDF)(FRANKFURT:IY2) is pleased to announce that the Company, along with its joint venture partners in Indonesia, PT Ephindo, is commencing an internal study of its Kutai coalbed methane ("CBM") block. The Company intends to submit this study to the Government of Indonesia as part of its application for a Production Sharing Contract ("PSC") on the Kutai Block.
President and CEO Al Charuk commented, "This study is a positive step toward obtaining CBM Asia's second PSC in the area, and is part of our plan to lead the CBM market in Indonesia."
CBM Asia Development Corp. is engaged in the business of investigating and acquiring the rights to CBM exploration in Indonesia, followed by the development and delivery of this valuable resource.
ON BEHALF OF CBM ASIA DEVELOPMENT CORP.
Alan T. Charuk, President & CEO
This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Regards,
Adrian Lamoureux Infinity Alliance Corp 407-808 Nelson Street Vancouver, BC V6Z 2H2 Tel: (604)685-9568 x3 Fax: (604)685-9560 Toll: (866)570-9568 www.infinityalliancecorp.com
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Infinity Alliance Corp 407-808 Nelson Street Vancouver, BC V6Z 2H2
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CBM Asia Development Corp.
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CODE : TCF.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
CBM Asia is a exploration company based in Canada. CBM Asia holds various exploration projects in Indonesia. Its main exploration property is KUTAI BASIN in Indonesia. CBM Asia is listed in Canada. Its market capitalisation is CA$ 1.8 millions as of today (US$ 1.5 millions, € 1.3 millions). Its stock quote reached its highest recent level on June 19, 2009 at CA$ 0.61, and its lowest recent point on February 12, 2015 at CA$ 0.01. CBM Asia has 182 670 000 shares outstanding. |