The Bontang Bengalon block is in the middle part of the Kutei Basin in East Kalimantan, with a total area of 410.7 sq km.

The private energy company is one of the first to venture into onshore drilling for CBM in Namibia and is confident that there is a promising opportunity for extracting gas from coal seams located in the Huab Basin near the North West coast.

Senex Energy Limited and joint venture partner and Operator QGC – a BG Group business have commenced an 11 well CBM appraisal program in the eastern Surat Basin in Queensland in permits PL 171 (Senex 20%) and ATP 574P (Senex 30%).

Gas content averaging 275 ft3/ton is over five times greater than at USA Commercial Analog field.

The company secured A$5 million in interim funding to enable it to progress with its exploration commitments and pursue near term growth opportunities.

Sand horizons have also been identified around the coal beds, which could add additional, conventional hydrocarbon resources to those estimated for CBM at Tkibuli alone.

Settlement of the transaction is expected to occur thirty days after the later of the FIRB and NDRC conditions being satisfied.

Newton Energy Capital Limited operates the Kutai West CBM PSC, in which CBM Asia holds an 18% working interest.

Approval has been received from the Ministry of Commerce for the extension of the exploration period of the Production Sharing Contract for the Liulin CBM block.

The RISC report estimates the net contingent resources at the 2C level of confidence for the Shouyang block to be approximately 1.1 trillion cubic feet.

Management of Orion and PetroChina expect to receive an official and written consent from NDRC NEA shortly. Orion can then make use of the remaining facility of RMB800 million.

Consumption levels are predicted to soar even higher to reach 375bcm by 2020, thanks to the country’s desire to increase the share of natural gas in its energy mix.

14 core wells drilled so far; Two more wells to be drilled this year.

The net coal thickness of 32 meters is 28% thicker than net coal thickness of 25 meters found at the CBM-KW-02 well.

Preliminary gas content values range from 75 to 175 scf/t.