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CBM Asia Produces Coal From Indonesia Well
April 27, 2012
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 ...
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