CBM Asia Development Corp. provided an operational update on its coalbed methane (CBM) properties in Indonesia.
“Our confidence in the commercial viability for CBM in Kalimantan is high and we look forward to success in the coming drilling season,” states Alan Charuk, President and CEO of CBM Asia Development Corp. “We expect to be able to release full details of the contract amendment in the near future.”
Coring operations have been completed at the CBM-01 well. The Company is awaiting final gas content and coal analysis reports. 4 ½” casing has been run, cemented and perforated adjacent to the Palembang C coal seam at a depth of 1,380 – 1,404 feet.
“The rapid gas production to surface exhibited by the CBM-02 well confirms the high gas saturation previously measured on the Sekayu block and is consistent with results achieved by other CBM operators in the South Sumatra Basin” , noted CBM Asia’s Chairman Scott H. Stevens. “These well tests provide information needed to optimize the multi-well pilot design, which is expected to more effectively dewater the coal seams and achieve higher gas flow rates along with commercial production.
[mappress] LNG World News Staff, August 23, 2013