CBM Asia to Audit Additional Resources in Indonesia

CBM Asia Development Corp. has decided to audit some of the company's additional coal bed methane resources in Indonesia. The company said that it has elected Netherland, Sewell and Associates, Inc. (NSAI) to audit these resources.

The company previously selected NSAI to audit its interests in the Sekayu and Kutai West PSC's which determined a net 981 Bcf of recoverable unrisked prospective gas resource. These two blocks account for only 6% of the CBM Asia's lease area in Indonesia, while the remaining acreage has not yet been subjected to an independent audit.

CBM Asia believes these audits will help to provide empirical evidence to support its 15 Tcf net prospective resource target.

CBM Asia Development Corp. is a Canadian-based unconventional gas company with significant coal bed methane exploration and development opportunities in Indonesia. The company holds various participating interests in five production sharing contracts for CBM in Indonesia, with the right to farm-into 4 additional PSCs.