CBM Asia Development Corp. (TCF.V)(CBMDF.PK)(IY2.F) has been informed by the operator Newton Energy Capital Limited that the second exploration well (CBM-KW-01) at the Kutai West Coalbed Methane Production Sharing Contract ("Kutai West CBM PSC") block has reached target depth of 900 meters. Approximately 32 meters of net coal were encountered.
CBM Asia holds an 18% working ...
The newly spudded wells are the SYE-16, a new appraisal well, and the 62-2V, an additional production well, bringing to 16 the number of wells spudded thus far in 2013.
Based in Houston, Texas, with offices in Beijing, and Taiyuan City, China, Far East Energy Corp. is focused on coalbed methane exploration and development in China.