CBM Asia Development Corp. (CBMA) is a Canadian-based pure-play Indonesia CBM operator, holding interests in five awarded PSC’s and one joint study with a gross acreage of 6,863 km2 in high-potential basins. Three of CBM Asia’s recent acquisitions, the Hulu, Besar and Kuala Kapuas I Production Sharing Contracts (PSC) provide operatorship and 70-80% working interest for all-in costs for less than USD5.00/acre – far below North America land acquisition costs of hundreds to thousands of dollars per acre. CBM Asia trades on the TSX Venture Exchange under the symbol "TCF".
Sector: Oil & Energy
Year Established: 2006