CBM Asia Increases Coalbed Methane Holdings in Indonesia

CBM Asia Development Corp., a mining company based in Vancouver, announced that it has acquired majority interest in two coalbed methane production sharing contracts (PSC) in Sumatra and Kalimantan, Indonesia. The acquisition expands the company’s total gross acreage in the country by 93%. In addition, CBM Asia has applied to the Indonesian government for extensions to both new blocks.