CBM Asia Unit Appoints New Director

January 31, 2014

CBM Asia Development Corp. sad it has elected Anton Tjahjono as a Director of CBM Asia Kuala Kapuas, a subsidiary of the company.

Tjahjono is a 40-year veteran of and distinguished figure within Indonesia’s oil and gas industry since he co-founded PT Tranaco Utama in 1977, where he currently is Senior Vice President. Tjahjono was instrumented in successfully developing the East Java Gas Pipeline, Indonesia’s first major gas pipeline developed and operated on a build, own, operate and transfer (BOOT) contract arrangement through Tranaco’s wholly owned subsidiary PT Trans Javagas Pipeline.

Educated at Trisakti University and holding a BS in Mechanical Engineering, Tjahjono was the Chairman of the Indonesian Gas Association (IGA) from 2000 to 2010 and currently serves as Vice President of the upstream sector of the IGA. He also is Vice Chairman of the Indonesian Chamber of Commerce downstream and natural gas sector, Chairman of the National Organizing Committee for the 12th GASEX Conference, and serves on several other oil and gas industry committees and organizations.

“CBM Asia warmly welcomes Mr. Tjahjono to the Board of Directors of CBM Asia Kuala Kapuas Ltd. to help the Company commercialize its coalbed methane assets in Indonesia,” stated Charles W. Bloomquist, President and CEO of CBM Asia. “Tjahjono brings his exceptional local knowledge, experience and capabilities to CBM Asia’s business in Indonesia. His appointment re-establishes his working relationship with our Jakarta General Manager, Keith Potter, who previously managed Tranaco’s projects with Mr. Tjahjono.”

Press Release, January 31, 2014