Indonesia: CBM Asia enters Indonesia Coalbed Methane Partnership with Continental Energy Corp

Indonesia: CBM Asia enters Indonesia Coalbed Methane Partnership with Continental Energy Corp.

 

 

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CBM Asia has entered into a Joint Study and Bid Group agreement with Continental Energy Corp to investigate coalbed methane exploration and development opportunities in Indonesia.
Under the agreement, CBM Asia and Continental will jointly and exclusively study selected areas in Indonesia with the objective of identifying geologically favorable areas to be jointly pursued as targets of opportunity for direct acquisition of coalbed methane production sharing contracts offered by the Indonesian government. Acquisitions would be by public tender or direct proposal tender conducted under joint study arrangements.
'We are very excited having Continental Energy as a partner. Continental has extensive geological knowledge of certain areas of interest to us as well as on-the-ground operating experience,' comments Alan Charuk, President and CEO of CBM Asia. 'We have identified several areas of interest which we and our new partner will be actively pursuing in the near future.'
Original article link
Source: CBM Asia

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