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CBM Asia Development Corp. announces that Jakarta-based PT Medco CBM Sekayu ("MedcoEnergi"), a wholly owned subsidiary of PT Medco Energi CBM Indonesia, the operating partner of South Sumatra Energy Inc. on the Sekayu coalbed methane production sharing contract ("PSC"), has notified the Company that the third coalbed methane exploration well ("CBM SE-03") in the Sekayu Production ...
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.