CBM Asia Development Updates Kutai II Arbitration

CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) announced that the ICC has ruled against the Company’s claim on the Kutai II CBM production sharing contract.

As quoted in the press release:

Kutai II Arbitration Decision: The ICC has ruled against CBM Asia’s claim on the Kutai II CBM production sharing contract. The Company had previously written off 100% of its $40,546 investment in the property during the second quarter of 2011.

Click here to read the CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) press release

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