Your trusted source for investing success
CBM Asia Development Corp. (TSXV:TCF) applied for a management cease trade order to the British Columbia Securities Commission due to a delay in obtaining financial information and lack of funding.
Following the announcement regarding development plans of the Kutai West PSC last week, CBM Asia Development Corp. (TSXV:TCF,OTCBB:CBMDF,FWB:IY2) announced a non-brokered private placement of C$11,000,000 secured loans with bonus shares. CBM Asia is also taking steps to reduce general and administrative expenses, reducing staff levels and office sizes for both
CBM Asia Development Corp. (TSXV:TCF,OTCBB:CBMDF,FWB:IY2) announced commercialization plans for the Kutai West Production Sharing Contract development in Indonesia.
By Vivien Diniz
CBM Asia Development Corp. (TSX:TCF, US:CBMDF, FRANKFURT:IY2) announced that at the annual and special meeting of shareholders held on Friday, March 28th, 2014, shareholders approved:
The appointment of Charles W. Bloomquist, Adam Q.H. Clarke, James F. Friberg, Clint B. Sharples and Scott H. Stevens as directors.
The appointment of BDO Canada LLP,
CBM Asia Development Corp. (TSXV:TCF,FWB:IY2) reiterated its focus on achieving commercial gas production this year and selling it into the high-priced Asian markets.
CBM Asia Development Corp. (TSXV:TCF,FWB:IY2) has appointed Mr. Keith Potter as Vice President of Operations.
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) appointed Anton Tjahjono as a Director of CBM Asia Kuala Kapuas Ltd., a subsidiary of the Company.
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) announced that Alan T. Charuk has resigned as the President, Chief Executive Officer and Director of the Company. Charles W. Bloomquist, formerly VP of Poerations as well as a co-founder and director of the Company has been elected as the new President and Chief Executive
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) provides an update on its activities. On December 16, CBM Asia was advised by ExxonMobil that it plans to exit the Indonesian CBM industry.
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) closed the first tranche of its private placement for gross proceeds of $255,320. 2,553,200 common shares were issued at a price of $0.10 per share.
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) provided a review of its operations in Indonesia, as well as an update on its current financing activities. To date, the Company has successfully drilled and tested a total of eight coalbed methane exploration wells at two Production Sharing Contract (PSC) areas in Indonesia. The
By Vivien Diniz
CBM Asia achieved a significant milestone this week after it signed a Memorandum of Understanding with PT Navigat for up to 5 Mmscfd of coal-bed methane.
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) provided an update on recent testing activities at the Kutai West PSC, signed a Memorandum of Understanding (MOU) with PT Navigat Energy, and arranged a $3.8 million non-brokered private placement.
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) signed a non-binding Memorandum of Understanding (MoU) with a Multinational Gas Company (MGC) to conduct a technical and market study of a CBM-to-LNG facility, with a potential capacity of up to 50 MMcf/d in South Kalimantan, Indonesia.
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) announced that its Chairman, Scott Stevens, will be participating in three upcoming conferences in Asia:
The Society of Petroleum Engineers Asia Pacific Oil & Gas Conference and Exhibition in Jakarta on October 23
The Association of International Petroleum Negotiators (AIPN) International Conference in Singapore on October
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.
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) closed the first tranche of its non-brokered private placement of 8,600,000 common shares, at a price of $0.10 per share, for gross proceeds of $860,000.
CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) provided an operational update on its coalbed methane properties in Indonesia. The Company and ExxonMobil have agreed to extend the Umbrella Agreement signed on December 19, 2012, coring operations have been completed at the CBM-01 well, and Newton Energy, the operator of the Kutai West
CBM Asia Development Corp. (TSXV:TCF,FWB:IY2) provided an update on the $5,000,000 non-brokered private placement that was announced on July 26, 2013. The first retail tranche has been filled and a second retail tranche is currently being placed, with indications of an additional $1,000,000.
CBM Asia Development Corp. (TSXV:TCF,FWB:IY2) announced a non-brokered private placement, in place of the Company’s previously announced private placement on May 9, 2013. The private placement is at a price of $0.10 per share, of up to 50,000,000 shares, for gross proceeds of up to $5,000,000.
