CBM Asia Development Acquires Interest in South Sumatra Production Sharing Contract

CBM Asia Development Corp. announces that it has signed a Letter of Intent (“LOI”) with Batavia Energy Inc. (“Batavia”) to acquire 48 percent of South Sumatra Energy Inc. (“SSE”) which, together with PT Medco CBM Sekayu (“PT Medco”), holds a Production Sharing Contract (“PSC”) for coalbed methane on a 58,349 hectare block located in the South... 

Tag: commercial viability of coal bed methane production, sumatra prod, drilling coal mining south sumatera, sumater energy, sumatera energy