CBM Asia (CBMDF)

[scaryharrysafari]

If "somebody" is seriously loading here, you'll probably get filled. I'm going to see what unfolds before I think about a sell point.

Best, and enjoy the holiday season to the fullest.

[gsfl]

Well, I've put a close position in at .10 GTC and would be very very happy if it hits. That would be a big Fn Merry Christmas or a very Happy New Year :)

[scaryharrysafari]

15 minutes before the close on Thursday 12-16, this started happening:

Indicator,Tick,Price,Size,Time,Exchange 
 T,,0.10,124187,15:56:22,V 
 T,,0.09,92743,15:56:02,V 
 T,,0.03,244782,15:53:53,V 
 T,,0.03,50000,15:53:10,V 
 T,,0.02,10000,15:50:17,V 
 T,,0.02,22257,15:50:17,V 
 T,,0.02,10000,15:50:17,V 
 T,,0.0187,50000,15:50:16,V 
 T,,0.0187,50000,15:50:16,V 
 T,,0.0187,131915,15:50:06,V 
 T,,0.01,50000,15:49:49,V 
 T,,0.0187,42743,15:48:19,V 
 T,,0.01,10000,15:45:26,V 
 T,,0.01,3000,15:45:25,V 
 T,,0.01,92000,15:45:25,V 
 T,,0.01,10000,15:45:25,V 
 T,,0.01,92000,15:45:25,V 
 T,,0.01,43200,15:45:23,V 
 T,,0.009,125200,15:45:23,V 
 T,,0.009,125200,15:45:23,V 
 T,,0.0089,44685,15:45:18,V 
 T,,0.0089,44685,15:45:18,V 
 T,,0.0089,14375,15:44:55,V 
 T,,0.0089,5315,15:44:55,V 
 T,,0.0089,9060,15:44:55,V 
 T,,0.0038,18150,15:44:20,V 
 T,,0.0038,18150,15:44:20,V 
 

Yeah, "somebody" is up to something and by 15:56 they were happily paying $.09 and $.10 for over 200k shares.
That works out to $20 large. Nobody drops $20 large on an obscure Expert Market stock such as this simply because they've got nothing better to do on a Thursday afternoon. This is going to be interesting; all the trip-Zombies started coming alive this year in early January. And from what I'm seeing, people are "loading" trips again in anticipation of the same happening this time around, 2022. We shall see.

[scaryharrysafari]

I looked at the trading history back to September,

https://www.barchart.com/stocks/quotes/CBMDF/price-history/historical

and the conclusion is clear:

"Somebody" is quietly loading this who has the ability to buy "Expert Market" stocks unavailable to most retail-level investors since Sept 28.

They'll have to clean it up and bring it to at least Pink Limited or better still Pink Current but as "Mr. T" used to say on "The A-Team",
"The man's got a Plan!"

[scaryharrysafari]

Just found the "shoesite", amazingly still using the same URL.

I have to say it looks good, well-organised, clean layout. I recognise the brands, but have to say I'm skeptical they're the real deal, quite likely very well done counterfeits.

This is going to be ....... "interesting", to say the very least.

[scaryharrysafari]

No I haven't but "something" is brewing here finally; it hit my volume alert again today and in the Account I still hold it there was a triple-digit percentage gain.

Shoe company? Oy vey! Oh well.

It's still "Expert Market" and "Defunct" at OTCMarkets
https://www.otcmarkets.com/stock/CBMDF/disclosure

but look for stuff starting to show up in the "Disclosure" column as the clues some New Pack of Perps is getting ready to trot this pony again.

[gsfl]

So they are a shoe company now? Have you seen their new website?

[scaryharrysafari]

True enough; was a good lesson in how everything can look "just right" and they still manage to screw the pooch, somehow, anyway.

Let's see what the New Pack of Perps has in mind, whenever they decide to play their hand.

[gsfl]

Well, I've been sitting on too many shares for too long waiting for something to happen. Something ALWAYS happens, eventually. It won't take much to put me back in the green and walk away happy. This isn't the first shitty stock i've patiently waited for. :)

[scaryharrysafari]

It's been under steady, quiet, persistent accumulation for nearly a month now. I can't find anything either, but I've been around the block enough times to know all the signs of "Somebody's getting ready to triquefuque with this one."

I doubt it's any of the previous Pack of Moose Pasture Perps from several years ago; my guess - and that's all it is - is some "hydrogen" play.

[gsfl]

What was once dead is resurrected and alive :) Can't find any rumors or news to explain... Already in the green again and lots of shares to sell for a very nice profit. Let's go...

[gsfl]

Not bad, at least we are getting movement now and to the upside at that. Big movement in price coming.

[gsfl]

KGN
KGILF
FSM
NSRPF (this is speculative)
EFRFF
BRD
FVGCF

[gsfl]

I just saw your message from Dec 20, sorry I no longer have a membership with Investorshub because I don't find it beneficial. I'm very seldom on the boards any longer and stick to my own DD and opinions. I do, however, read a board from time to time to gauge sentiment. If everyone is bearish I'm more willing to buy.

My opinions on the market can be found by reading jsmineset.com, reading Dan Norcini's blog and a few others. Unfortunately we are all victims of a central bank take-over of the markets. It will be what it is until it isn't. I know that patience will win the game and the only thing I buy now are producing gold or silver juniors because I have no doubt that they will be hundreds of times higher over the next 5 years.

The boards are filled with lies and people trying to take advantage of others. There are very few exceptions.

Good luck to you and keep the faith. Gold is going to $5000 +

[gsfl]

CBM Asia Reports Final Gas Content Analysis for the CBM-KW-01 Exploration Well at the Kutai West Coalbed Methane PSC, Indonesia

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/07/12 -- CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX VENTURE:TCF)(US:CBMDF)(FRANKFURT:IY2) reports high final gas content values with excellent gas quality have been measured at the Kutai West Coalbed Methane Production Sharing Contract ("Kutai West CBM PSC"), located in East Kalimantan, Indonesia. Newton Energy Capital Limited operates the Kutai West CBM PSC, in which CBM Asia holds an 18% working interest.
Contractor PT GeoServices measured the gas content of seventeen (17) coal samples that were cored from the CBM-KW-01 exploration well. The final gas content ranged from 155 to 359 ft3/ton (average 275 ft3/ton), reported on an industry-standard "dry, ash-free" basis. The concentration of methane and other hydrocarbon gases averaged over 97% with low CO2.

"Gas content averaging 275 ft3/ton is much better than expected and some of the highest measured to date in Indonesia," noted CBM Asia Chairman Scott H. Stevens. "By comparison, it is over five times higher than in the Powder River Basin, Wyoming, USA, which the US Geological Survey considers to be Indonesia's closest commercial analog and the world's second most productive CBM field at 1.4 Bcfd. High gas content is an excellent indicator for the upcoming production pilot program at Kutai West."

[gsfl]

We are so undervalued here it is crazy...

[gsfl]

Excellent Gas Quality And Final Exploration Well at the Kutai West Coalbed Methane PSC, Indonesia
High-Methane Coalbed Gas Confirmed with Very Low CO2 Suitable for Pipeline or LNG Export

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 31, 2012) - CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX VENTURE:TCF)(OTCBB:CBMDF)(FRANKFURT:IY2) reports excellent gas quality has been measured at the Kutai West Coalbed Methane Production Sharing Contract ("Kutai West CBM PSC"), located in East Kalimantan, Indonesia. Newton Energy Capital Limited operates the Kutai West CBM PSC, in which CBM Asia holds an 18% working interest.
Contractor PT GeoServices measured the composition of coalbed methane gas desorbed from eleven (11) coal samples cored from a depth of 317 to 842 meters in the CBM-KW-01 exploration well. All gas samples tested high in methane and very low in carbon dioxide. The methane content averaged 91.1%, while the CO2 content averaged 0.14%. Combustible ethane and propane also were present (average 0.5% each), while inert gas such as nitrogen accounted for the balance. The gas compositional testing indicates that the CBM gas in the CBM-KW-01 well is of high quality, suitable for transport via pipeline or conversion to LNG.

CBM Asia also reports that the fourth and final well, CBM-KW-03, reached a target depth at 1,000 meters. The exploration well, designed to delineate the coal extent at the south-eastern edge of the syncline in the C 'sweet spot' encountered 11.5 meters of net coal as expected.
With the aerial extent, coal thickness, gas content and gas quality of the C sweet spot confirmed the Kutai West partners are now planning development activities for the next exploration phase which will likely include a production pilot. The Kutai West block is adjacent to the Sanga-Sanga PSC, where BP, ENI, and partners (VICO) have been commercially producing coalbed methane and exporting it as LNG to north Asia since March 2011.

"With gas content levels exceeding 200 scf/ton and net coal thickness within sweet spot C of 25-32 meters we are excited to be moving toward the second exploration phase and begin the planning process for the production pilot program," comments CBM Asia President and CEO Alan T. Charuk. "BP's success in delivering CBM gas to the Bontang LNG and securing local gas sales contracts in the range of USD7.50/Mcf underscores the potential of the Kutai West PSC."

ABOUT CBM ASIA DEVELOPMENT CORP.
CBM Asia Development Corp. is a Canadian-based unconventional gas company with significant coalbed methane ("CBM") exploration and development opportunities in Indonesia. The Company holds various participating interests in four production sharing contracts (each a "PSC") for CBM in Indonesia. Indonesia has one of the largest CBM resources in the world with a potential 453 trillion cubic feet in-place, more than double the country's natural gas reserves
Stevens and Hadiyanto, 2004). Since 2008 a total of 39 CBM PSCs have been granted by the Government of Indonesia, representing exploration commitments of over US$100 million during the next 3 years. In addition to CBM Asia, other companies active in CBM exploration in Indonesia include BP, Dart Energy, ENI, ExxonMobil, Medco, Santos, and TOTAL. BP, ENI, and the Indonesian government have confirmed that commercial CBM production started in March 2011 from the Sanga-Sanga PSC and is being exported from the Bontang LNG facility. The Company trades on the TSX Venture Exchange under the symbol "TCF".www.cbmasia.ca
ON BEHALF OF CBM ASIA DEVELOPMENT CORP.
Alan T. Charuk, President & CEO

[gsfl]

Third Exploration Well Encounters 31 Meters of Net Coal At Kutai West PSC
&
CBM Asia Opens Jakarta Representative Office


VANCOUVER, BRITISH COLUMBIA, June 14, 2012 – CBM Asia Development Corp. (“CBM Asia” or the “Company”) (TSX.V TCF), (US: CBMDF) (FWB: IY2) has been informed by the operator Newton Energy Capital Limited that the third exploration well (CBM-KW-04) reached target depth (TD) of 1,000 meters on May 26, 2012 at the Kutai West Coalbed Methane Production Sharing Contract (“Kutai West CBM PSC”) block, located in East Kalimantan, Indonesia. CBM Asia holds an 18% working interest in the Kutai West CBM PSC.

CBM-KW-04 well logs indicate 31 meters of net coal in the Balikpapan Formation which is line with the CBM-KW-01 net coal thickness of 32 meters and is 24% thicker than the 25 meters of net coal found at the CBM-KW-02 well. The drilling rig is now in transit to the next exploration well location, CBM-KW-03, which is south of the first three wells. The CBM-KW-03 well is expected to spud within the next week and will test the continuity of coal targets of the block.

Separately, on April 1, 2012 CBM Asia opened its Jakarta Representative Office at the Talavera Office Park Jl. T.B. Simatupang Kav, 22-26, South Jakarta. The office, which is located close to many of Indonesia’s oil field service companies, is managed by Mr. Keith Potter, General Manager, Indonesia. It will house the core technical and administrative teams responsible for CBM Asia’s day-to-day operations.

“We are encouraged by the results of the CBM-KW-04 well logs as they confirm continuous thick coal seams through the eastern section of the block.” comments Alan Charuk, President and CEO of CBM Asia. “We are also delighted to open the Jakarta office as it allows us to begin operating and planning the exploration of our majority owned PSCs as well as those we plan to acquire. Keith Potter, who joined us six months ago as General Manager-Indonesia, has many years of operating and administrative experience in Indonesia and is recruiting a top-rated CBM team to execute our business plan in time and in a cost effective manner.”

[gsfl]

CBM Asia Completes Final Tranche of $16.0 Million Financing

VANCOUVER, BRITISH COLUMBIA, June 6, 2012 - CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX.V: TCF) (US: CBMDF) (FWB: IY2) is pleased to announce that it has completed the final tranche (the “Final Tranche”) of its non-brokered private placement totalling 12,876,208 units (the “Units”) at a price of $0.18 per Unit for gross proceeds of $2,317,717. In total, the Company issued 88,972,222 Units representing gross proceeds of $16,015,000 for a total of 167,761,809 common shares currently outstanding.

Each Unit consists of one common share (a “Share”) and one transferable share purchase warrant (a “Warrant”) to purchase an additional Share at a price of $0.35 for a period of 24 months, subject to acceleration by the Company, at its discretion, after 4 months from closing upon 30 days notice if the closing price of the Company’s shares on the TSX Venture Exchange (the “Exchange”) equals or exceed $0.50 per share for 20 consecutive trading days.

Finder’s fees of 5% cash and finder’s warrants of 5% of the Units sold are payable in connection with the Final Tranche. Each finder’s warrant will entitle the holder thereof to purchase one share of the Company at a price of $0.18 for a period of 24 months, subject to acceleration on the same basis as the warrants forming part of the Units. All securities issued pursuant to the Final Tranche are subject to a 4 month hold period expiring October 6, 2012.

“With the closure of the final tranche, we have secured our 2012 financing requirements and increased institutional ownership to 35%, with Indus Capital Partners holding a 16.6% interest,” comments Alan Charuk, CBM Asia’s President and CEO. “With capital raise behind us we look forward to executing our growth plans to obtain a 10-15 Tcf recoverable resource base.”

[gsfl]

CBM Asia Increases Participating Interest in Sekayu PSC to 26%

VANCOUVER, BRITISH COLUMBIA, May 25, 2012 – CBM Asia Development Corp. (“CBM Asia” or the “Company”) (TSX.V TCF), (US: CBMDF) (FWB: IY2). CBM Asia is pleased to announce that it has entered into a settlement deed (the “Deed”) to increase its participating interest in the Sekayu production sharing contract (the “Sekayu PSC”) for the 583.49 km2 Sekayu block in the South Sumatra Basin of Indonesia to 26%. Currently, the Sekayu PSC is held 50% by a consortium of shareholders through South Sumatra Energy Inc. (“SSE”) and 50% by PT Medco CBM Sekayu, as operator.

Under its original letter of intent, the Company acquired the right to earn, indirectly through SSE, a 12% participating interest in the Sekayu PSC (with the exclusive right to provide financing for up to an additional 12% participating interest) from certain arm’s length vendors (the “Vendors”) in consideration for US$1,000,000 cash (the “Cash Payment”), of which US$730,000 was paid on December 14, 2009, and exploration expenditures totaling US$3,243,500.

Under the terms of the Deed, the Vendors have agreed to relinquish and transfer all of their interest in SSE and the Sekayu PSC to the remaining shareholders of SSE including the Company and Ephindo Sekayu CBM Inc. (“Ephindo”) in exchange for, inter alia, the Company paying the Vendors the sum of C$75,000 in full and final settlement of the Cash Payment and assuming all of the Vendors’ obligations under the underlying participation agreement (the “Participation Agreement”) between the Vendors and Ephindo. Ephindo, in turn, will transfer all of its interest in SSE to the Company in exchange for a direct 21.5% participating interest in the Sekayu PSC. Upon completion of the transactions contemplated in the Deed, the Sekayu PSC will be beneficially owned as follows:

CBM Asia (indirectly through SSE) - 26.0%
Ephindo - 21.5%
Far East Methane LLC (“FEM”) - 2.5%
PT Medco CBM Sekayu - 50.0%
TOTAL - 100.0%

Pursuant to the Participation Agreement, the Company will be responsible for funding all of Ephindo’s and FEM’s exploration expenditures under the Sekayu PSC up to the earn-in cap of US$8,000,000 (the “Earn-in Cap”), of which US$6,422,938 had been incurred by the Company and the Vendors as of December 22, 2011. Upon the Company funding the remaining US$1,577,062 of the Earn-in Cap, each party will be responsible for paying its pro rata share of future exploration and other costs under the Sekayu PSC.
Certain transactions contemplated in the Deed including the change in control of SSE to the Company and the transfer of the direct interest in the Sekayu PSC to Ephindo are subject to the approval of BP Migas, the Government of Indonesia’s executive agency for regulation of upstream oil and natural gas activities.

FEM is a private limited liability company owned by Charles W. Bloomquist and Harvey S. Price, both officers and/or directors of the Company.

[gsfl]

Shareholder Update
Indus Capital Partners, LLC

VANCOUVER, BRITISH COLUMBIA, May 17, 2012 – CBM Asia Development Corp. (“CBM Asia” or the “Company”) (TSX.V TCF), (US: CBMDF) (FWB: IY2). CBM Asia is pleased to announce that Indus Capital Partners LLC (“Indus”), in its capacity as investment manager on behalf of various private investment funds recently acquired a 9.7% interest in CBM Asia’s outstanding shares pursuant to the Company’s previously announced non-brokered private placement and plans to increase the position further upon receipt of final acceptance from the TSX Venture Exchange (the “TSXV”).

Indus Capital Partners LLC was founded in 2000 by former partners of Soros Fund Management. Indus is employee owned and specializes in international equity investing with a focus on the Asia Pacific region including Japan. Headquartered in New York City, with research offices in Tokyo, Hong Kong, London, Singapore and San Francisco, Indus has 86 employees. Indus currently manages approximately USD4.3 billion in assets under management.

“We are very pleased to have Indus become our largest shareholder. Indus Capital Partners, LLC has deep knowledge of the Asia Pacific region - in particular the Indonesian gas markets – as well as global oil & gas companies and markets. We look forward to TSXV acceptance of the second tranche of Indus’ private placement,” comments Alan Charuk, President and CEO of CBM Asia.

Mr. Charuk further commented, “Indus’ investment during the recent capital raise, played a substantial part in the transformation of CBM Asia’s shareholding structure. CBM Asia now has eight institutional investors, two from Hong Kong, two from New York, one from London, one from Vancouver and two from Toronto representing approximately 30% of our shareholder base -- a level that will increase further on completion of Indus’ second tranche. We believe these institutions’ investment in CBM Asia underpins the value proposition that we have created within the Indonesian CBM market. Furthermore, we appreciate their support in management’s goal to achieve 10-15 Tcf of net recoverable resources.”

[gsfl]

CBM Asia Enters Indonesia Coalbed Methane Partnership With Continental Energy Corporation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 15, 2012) - CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX VENTURE:TCF)(US:CBMDF)(FRANKFURT:IY2). CBM Asia is pleased to announce it has entered into a Joint Study and Bid Group agreement with Continental Energy Corporation (OTCBB:CPPXF) to investigate coalbed methane ("CBM") exploration and development opportunities in Indonesia.
Under the agreement, CBM Asia and Continental will jointly and exclusively study selected areas in Indonesia with the objective of identifying geologically favorable areas to be jointly pursued as targets of opportunity for direct acquisition of coalbed methane production sharing contracts ("PSC") offered by the Indonesian government. Acquisitions would be by public tender or direct proposal tender conducted under joint study arrangements.
Successful CBM PSC acquisitions shall be shared by CBM Asia and Continental under a pre-agreed joint operating agreement ("JOA") with participating interest of 75% CBM Asia and 25% Continental. CBM Asia shall act as operator under the JOA and any CBM PSC and pay 100% of the JOA's CBM PSC general and administrative costs. All CBM PSC acquisition costs and other JOA exploration and drilling costs shall be borne by the parties in proportion to their respective JOA participating interests.
"We are very excited having Continental Energy as a partner. Continental has extensive geological knowledge of certain areas of interest to us as well as on-the-ground operating experience," comments Alan Charuk, President and CEO of CBM Asia. "We have identified several areas of interest which we and our new partner will be actively pursuing in the near future."

[gsfl]

Second Exploration Well Encounters 32 Meters of Net Coal
At Kutai West PSC

VANCOUVER, BRITISH COLUMBIA, April 27, 2012 – CBM Asia Development Corp. (“CBM Asia” or the “Company”) (TSX.V TCF), (US: CBMDF) (FWB: IY2) 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 interest in the Kutai West CBM PSC, which is located in East Kalimantan, Indonesia, close to the Bontang LNG export facility.

“We are encouraged by the results of the CBM-KW-O1 well so far,” comments Alan Charuk, President and CEO of CBM Asia. “The net coal thickness of 32 meters is 28% thicker than net coal thickness of 25 meters found at the CBM-KW-02 well which we recently released results on. We look forward to receiving gas content results from core samples over the upcoming weeks.”

The drilling rig is expected to be demobilized from the CBM-KW-01 site once permeability tests have been completed. The rig will then move to the third location to drill the CBM-KW-04 exploration well which is located approximately halfway between CBM-KW-01 and CBM-KW-02. The Kutai West PSC is directly west of VICO’s Sanga-Sanga CBM PSC, which has been producing CBM for export from the Bontang LNG facility to North Asian consumers since March 2011. The Indonesian government recently announced that Sanga-Sanga CBM will earn USD7.50/Mcf for gas to be sold to local power producers.

[gsfl]

Reports Significant Increase In Gas Content Results of 234 to 265 scf/ton at Kutai West PSC

VANCOUVER, BRITISH COLUMBIA, April 24, 2012 - CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX.V: TCF) (US: CBMDF) (FWB: IY2) has been informed by the operator Newton Energy Capital Limited that final gas content lab reports have been completed for the first coalbed methane exploration test well (“CBM-KW-02”) at the Kutai West Coalbed Methane Production Sharing Contract (“Kutai West CBM PSC”) block, located in East Kalimantan, Indonesia. CBM Asia holds an 18% working interest in the Kutai West CBM PSC.

“These final gas content results are significantly above our expectations,” noted Scott Stevens, Chairman of CBM Asia. “We look forward to confirming these results in the second CBM test well currently being drilled. As mentioned in our previous press release the test results are supported by Dart Energy’s exploration results at the Sangatta West PSC to the north and VICO’s Sanga-Sanga PSC which lies adjacent to the east.”

Independent Australian-based contractor GeoGAS desorbed a total of 17 samples from the CBM-KW-02 well. Gas content of pure coal samples (ash content <15%) ranged from 7.31 to 8.27 m3/tonne (234 to 265 scf/ton), when reported on a dry, ash-free basis. Gas quality was excellent, averaging 96% methane (CH4) with less than 3% CO2 and other inerts. Sorption isotherm data indicate the coals are close to saturated with methane.

On March 15, 2012 the drilling rig spud the second of four planned core wells at the Kutai West PSC and is currently drilling ahead below 500 meters. CBM Asia notes that VICO Indonesia, operated by BP and ENI, as well as the Indonesian government have reported that commercial CBM production began in March 2011 from the adjoining Sanga-Sanga PSC and is being exported from the Bontang LNG facility to North Asian consumers.

[gsfl]

CBM Asia Announces First Coalbed Methane Exploration Test Well Completed at Kutai West PSC, Kalimantan, Indonesia

VANCOUVER, BRITISH COLUMBIA, April 12, 2012 - CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX.V: TCF) (US: CBMDF) (FWB: IY2) has been informed by the operator Newton Energy Capital Limited that the first coalbed methane exploration test well (“CBM-KW-02”) has been completed at the Kutai West Coalbed Methane Production Sharing Contract (“Kutai West CBM PSC”) block, located in East Kalimantan, Indonesia. CBM Asia holds an 18% working interest in the Kutai West CBM PSC.
Well logs indicate approximately 25 meters of coal were penetrated in the target Balikpapan Formation. Preliminary gas content values range from 75 to 175 scf/t (as received basis). Permeability averaged approximately 5 to 10 millidarcies. Final laboratory results are pending.
The drilling rig has moved off location and is now drilling a second core well location north of the initial location (well spud March 15, 2012 and is currently drilling ahead at 600 meters). CBM Asia notes that VICO Indonesia, operated by BP and ENI, as well as the Indonesian government have reported that commercial CBM production began in March 2011 from the adjoining Sanga- Sanga PSC and is being exported from the Bontang LNG facility to North Asian consumers.
“We are very excited about the results which are in line with expectations,” says Alan Charuk CBM Asia Development Corp.’s President and CEO. “The test results are supported by Dart Energy’s exploration results at the Sangatta West PSC to the north and VICO’s Sanga-Sanga PSC which lies adjacent to the east. The early success at Kutai West represents CBM Asia’s second consecutive exploration success, after the Sekayu PSC which is expected to begin drilling its first pilot program in the near future.”

[gsfl]

CBM Asia Raises $8.9 Million in Third Tranche of
Non-Brokered Private Placement; Grants Stock Options

VANCOUVER, BRITISH COLUMBIA, March 9, 2012 - CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX.V: TCF) (US: CBMDF) (FWB: IY2) announces that further to its news release of March 6, 2012, the Company has completed a third tranche (the “Third Tranche”) of its non-brokered private placement totalling 49,605,281 units (the “Units”) at a price of $0.18 per Unit for gross proceeds of $8,928,950. To date, the Company has issued a total of 73,119,249 Units representing gross proceeds of $13,161,465 with a total of 151,908,836 common shares currently outstanding.

Each Unit consists of one common share (a “Share”) and one transferable share purchase warrant (a “Warrant”) to purchase an additional Share at a price of $0.35 for a period of 24 months, subject to acceleration by the Company, at its discretion, after 4 months from closing upon 30 days notice if the closing price of the Company’s shares on the TSX Venture Exchange (the “Exchange”) equals or exceed $0.50 per share for 20 consecutive trading days.

Finder’s fees of up to 6.25% cash (of which a portion will be paid in shares at a deemed price of $0.18 per share) and finder’s warrants of up to 6.25% of the Units sold are payable in connection with the Third Tranche. Each finder’s warrant will entitle the holder thereof to purchase one share of the Company at a price of $0.18 for a period of 24 months, subject to acceleration on the same basis as the warrants forming part of the Units. All securities issued pursuant to the Third Tranche are subject to a 4 month hold period expiring July 9, 2012.

The Company anticipates completing the balance of the private placement totalling approximately $2,838,535 within the next 2 to 4 weeks following receipt of all requisite regulatory approvals.
“The capital raised during this financing has major positive implications for the Company. First and foremost, the capital raised will cover the Company’s 2012 primary operating budget focused on drilling activities in the Kutai West PSC and the Sekayu PSC” commented Mr. Alan Charuk, CBM Asia’s CEO and President. “Furthermore, this financing substantially broadens CBM Asia’s shareholder base and for the first time includes a number of prominent institutional investors from London, New York, Toronto, Vancouver and Hong Kong who understand the value proposition that the Company’s assets provide. The institutions have expressed strong support for management’s goal of continuing to expand the Company’s asset portfolio while at the same time de-risking its current projects.”
The Company also announces the granting of stock options to its directors, officers, employees and consultants to purchase up to a total of 6,917,000 shares at a price of $0.19 per share for a period of five years.

ABOUT CBM ASIA DEVELOPMENT CORP.

CBM Asia Development Corp. is a Canadian-based unconventional gas company with significant coalbed methane ("CBM") exploration and development opportunities in Indonesia. The Company holds various participating interests in four production sharing contracts (each a "PSC") for CBM in Indonesia. Indonesia has one of the largest CBM resources in the world with a potential 453 trillion cubic feet in-place, more than double the country's natural gas reserves (Stevens and Hadiyanto, 2004). Since 2008 a total of 39 CBM PSCs have been granted by the Government of Indonesia, representing exploration commitments of over US$100 million during the next 3 years. In addition to CBM Asia, other companies active in CBM exploration in Indonesia include BP, Dart Energy, ENI, ExxonMobil, Medco, Santos, and TOTAL. BP, ENI, and the Indonesian government have confirmed that commercial CBM production started in March 2011 from the Sanga-Sanga PSC and is being exported from the Bontang LNG facility. The Company trades on the TSX Venture Exchange under the symbol "TCF". www.cbmasia.ca
ON BEHALF OF CBM ASIA DEVELOPMENT CORP.

"Alan T. Charuk"

President & CEO

[gsfl]

Increases Non-Brokered Private Placement Again to $16 Million
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 6, 2012) -



CBM Asia Development Corp. (TSX VENTURE:TCF)(US:CBMDF)(FRANKFURT:IY2) ("CBM Asia" or the "Company") announces that further to its news release of February 10, 2012, it has increased its non-brokered private placement of units from $10 million to $16 million (the "Private Placement"). The Private Placement will now consist of a total of 88,888,888 units (the "Units") at a price of $0.18 per Unit for gross proceeds of $16,000,000, of which 23,513,968 Units totalling $4,232,515 have been issued to date.

Each Unit consists of one common share (a "Share") and one transferable share purchase warrant (a "Warrant") to purchase an additional Share at a price of $0.35 for a period of 24 months, subject to acceleration by the Company, at its discretion, after 4 months from closing upon 30 days notice if the closing price of the Company's shares on the TSX Venture Exchange (the "Exchange") equals or exceed $0.50 per share for 20 consecutive trading days.

Finder's fees of up to 6.25% in cash and 6.25% in finder's warrants are payable on the remaining Private Placement, each finder's warrant entitling the holder to purchase one common share of the Company at a price of $0.18 for a period of 24 months from closing, subject to acceleration on the same terms as the Warrants.

The additional proceeds from the Private Placement will be used to, among other things, fund the acquisition and exploration costs of the Company's existing coalbed methane projects in Indonesia, identify and, if warranted, acquire new properties for exploration and development and for general working capital purposes.

The balance of the Private Placement is expected to close in two tranches with the first tranche totalling approximately $8,000,000 to close in this week and the second tranche to close following receipt of all requisite regulatory approvals.

ABOUT CBM ASIA DEVELOPMENT CORP.

CBM Asia Development Corp. is a Canadian-based unconventional gas company with significant coalbed methane ("CBM") exploration and development opportunities in Indonesia. The Company holds various participating interests in four production sharing contracts (each a "PSC") for CBM in Indonesia. Indonesia has one of the largest CBM resources in the world with a potential 453 trillion cubic feet in-place, more than double the country's natural gas reserves (Stevens and Hadiyanto, 2004). Since 2008 a total of 39 CBM PSCs have been granted by the Government of Indonesia, representing exploration commitments of over US$100 million during the next 3 years. In addition to CBM Asia, other companies active in CBM exploration in Indonesia include BP, Dart Energy, ENI, ExxonMobil, Medco, Santos, and TOTAL. BP, ENI, and the Indonesian government have confirmed that commercial CBM production started in March 2011 from the Sanga-Sanga PSC and is being exported from the Bontang LNG facility. The Company trades on the TSX Venture Exchange under the symbol "TCF" (www.cbmasia.ca).

ON BEHALF OF CBM ASIA DEVELOPMENT CORP.

Alan T. Charuk, President & CEO

[gsfl]

CBM Asia Announces Heads of Agreement to acquire Prospective Coalbed Methane PSC in Kalimantan, Indonesia

CBM Asia Development Corp. TCF
1/25/2012 1:00:00 PM
CBM Asia Announces Heads of Agreement to acquire Prospective Coalbed Methane PSC in Kalimantan, Indonesia
CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX.V: TCF) (US: CBMDF) (FWB: IY2) announces that it has signed a Heads of Agreement (“Agreement”) with PT Tranaco Utama (“Tranaco”), a private Indonesian company that holds the first rights to undertake a production sharing contract (“PSC”) for a 1,500 square kilometre coalbed methane block in Kalimantan, Indonesia.
Under the terms of the Agreement, CBM Asia has the right to acquire 80% participation interest in the proposed coalbed methane PSC and be appointed operator (with Tranaco to hold the remaining 20% participation interest) in consideration for reimbursing Tranaco’s sunk costs and paying any signing bonus to the Indonesian government upon the award of a PSC. On January 18, 2012, CBM Asia and Tranaco submitted a proposal to the Director General of Oil and Gas (“Migas”) to approve the award of a coalbed methane PSC through the Direct Offer Mechanism under Ministerial Regulation of the Department of Energy and Mineral Resources. The proposal is based on a Joint Evaluation Study undertaken by Tranaco in 2011.
“This Agreement represents the advancement of our business strategy to materially expand our land position in Indonesia where, in 2011, we acquired a 70% participating interest and operatorship in the Bentian Besar CBM PSC and the Hulu CBM PSC,” commented Mr. Alan T. Charuk, CBM Asia’s CEO and President, “There are a number of coalbed methane PSCs in proximity to the block area operated by Exxon Mobil and BP.”

[gsfl]

CBM Asia Completes Initial Closing of Non-Brokered Private Placement; Engages Market Making Services

VANCOUVER, BRITISH COLUMBIA, December 30, 2011 - CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX.V: TCF) (US: CBMDF) (FWB: IY2) announces that further to its news release of December 4, 2011, it has completed an initial closing (the “Initial Closing”) of its non-brokered private placement totalling 7,167,253 units (the “Units”) at a price of $0.18 per Unit for gross proceeds of $1,290,106. Each Unit consists of one common share (a “Share”) and one transferable share purchase warrant (a “Warrant”) to purchase an additional Share at a price of $0.35 for a period of 24 months, subject to acceleration by the Company, at its discretion, after 4 months from closing upon 30 days notice if the closing price of the Company’s shares on the TSX Venture Exchange (the “Exchange”) equals or exceed $0.50 per share for 20 consecutive trading days.
The Company anticipates that a second closing of the private placement by management will be completed in early January, 2012, subject to applicable securities laws and the approval of the Exchange. To date, directors and officers of the Company have advanced approximately $1,072,600 to the Company in anticipation of participating in the private placement.
A third tranche of the private placement by certain institutional investors is also anticipated to take place in early January, 2012 following completion of such investors’ 2011 year ends.
The net proceeds of the private placement will be used to, among other things, fund the Company’s pilot production and/or exploration and development costs on its coalbed methane projects in Indonesia, repay certain short term loans, pay ongoing general and administrative expenses and for unallocated working capital.
A cash finder’s fee of 6% is payable on a portion of the gross proceeds from the Initial Closing.
All securities issued pursuant to the Initial Closing are subject to a 4 month hold period expiring May 1, 2012.
1
The Company also announces that, subject to Exchange approval, it has engaged Venture Liquidity Providers (“VLP”) to provide assistance in maintaining an orderly trading market for the Company’s common shares. The market making service will be undertaken by VLP through a registered dealer, W.D. Latimer Co. Ltd., in compliance with the guidelines set out in Exchange Policy 3.4. J.C. Cunningham of VLP will be the person primarily responsible for providing VLP’s market making services to the Company.
The Company has engaged VLP for an initial term of one year at a fee of $5,500 per month, subject to termination by either party at any time upon written notice. The Company and VLP act at arm’s length and VLP has no present interest, direct or indirect, in the Company or its securities.
VLP is a specialized consulting firm based in Toronto, Canada that provides a variety of services focused on TSX Venture Exchange listed stocks. VLP's exclusive market making service is provided by W.D. Latimer Co. Ltd. of Toronto, Canada.

[gsfl]

CBM Asia Announces First Coalbed Methane Exploration Core Well Spud at Kutai West PSC, Kalimantan, Indonesia

Last update: 12/14/2011 8:00:12 AM
VANCOUVER, British Columbia, Dec 14, 2011 (BUSINESS WIRE) -- CBM Asia Development Corp. ("CBM Asia" or the "Company") (tsx.v:TCF) (us:CBMDF) (fwb:IY2) has been informed by the operator Newton Energy Capital Limited, that the first coalbed methane exploration core well ("CBM-KW-01") in the Kutai West Coalbed Methane Production Sharing Contract ("Kutai West CBM PSC") block, located in East Kalimantan, Indonesia, was spud on December 12, 2011. CBM Asia holds an 18% working interest in the Kutai West CBM PSC.
CBM Asia's Chairman, Mr. Scott Stevens commented "This well is a key first step towards delineating coalbed methane resources and commercial potential of the highly promising Kutai West PSC. The Balikpapan coal seams correlate with coalbed methane reservoirs already commercially producing next door at VICO's Sanga-Sanga CBM PSC. In March 2011, VICO, a joint venture between BP and Eni, announced the first commercial coalbed methane to LNG production at the Bontang LNG plant for export to Asia's high demand gas markets."
CBM-KW-01 will be a vertical well aimed at evaluating gas potential and reservoir properties of coal seams in the Miocene-age Balikpapan Formation. Historical data from this formation including coal seam thickness and gas content, along with drilling in the area covered by the Kutai West CBM PSC, indicate that the coal seams are well developed with prolific shallow gas. Coring will begin beneath the surface casing and continue to a depth of approximately 1,000 meters. The CBM-KW-01 is the first in a series of four wells set out in a work program delineating the southeastern part of the block, considered the most prospective and closest to potential gas markets.

[canucklehead80]

CBM Asia Chairman Scott Stevens on coalbed methane purchase and sale agreement

CBM Asia Development Corp TSXV:TCF announced that project operator, Medco Energi Internasional Tbk, has signed an agreement with Indonesia’s upstream oil and gas regulator, BPMigas, to conduct the sale and purchase of coalbed methane gas produced during dewatering at the Sekayu PSC (production sharing contract) in Indonesia. CBM Asia has a 12% interest in the Sekayu PSC with an option to acquire another 12%.

CBM Asia Chairman Scott Stevens tells ResourceClips.com, “The negotiation was between Medco, as the operator, and BPMigas—which is the government. We’re happy with the agreement. It shows that the government is really motivated to get early production and remove any possible roadblocks.

Read the rest of this article: http://bit.ly/s6v1KI.

[gsfl]

Just hold on and you will do well here.

[eddyimano]

I wish I could buy more just because I trust you, but I just hold what I have for now because a lot of things happening in my life now. I hope you do well.

[gsfl]

I actually have been buying every two cents down and have buys in place all the way to .05. I have bought over 200,000 shares in the last week and none of my buys have shown up. I'm not sure what that means. I called my broker account and they said it was typical, which it has happened on other occasions with other stocks.

[eddyimano]

I assume you are buying more.

[gsfl]

If you were ever wanting to own this stock or own more of it now is your time.

[gsfl]

Great Conference call. Nothing new but the forward looking statements gives one reason to be excited. Super undervalued imo and the future looks very good.

[gsfl]

CBM Asia featured in Resource Clips

http://resourceclips.com/2011/11/09/fracking-the-future/?

[gsfl]

CBM Asia Announces Conference Call & Live Web Cast

VANCOUVER, BRITISH COLUMBIA, Nov 3, 2011 - CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX.V: TCF) (US: CBMDF) (FWB: IY2) announces that management will host a conference call and live webcast for analysts and investors on Thursday, November 10, 2011 at 9:00 a.m. Pacific Daylight Time (12:00 p.m. Eastern Time) to discuss the Netherland, Sewell & Associates, Inc. National Instrument 51-101 resource estimate for the Sekayu production sharing contract located in the South Sumatra Basin of Indonesia (please refer to the Company’s news release dated November 2, 2011) and the outlook for 2012.
Conference Call Numbers:
Canada & USA Toll Free Dial In: 1-800-319-4610, local Vancouver 604 638 5340 or Outside Canada & USA Call: 1-604-638-5340.
The call is being webcast and can be accessed at CBM Asia’s website at http://www.cbmasia.ca/ or enter the following URL into your web browser: http://services.choruscall.com/links/cbm111006.html
Should you have questions that you would like addressed during the Q & A portion of the Web Cast please email your questions to [e-mail]. Questions will be accepted up to the conclusion of the formal part of the presentation.

[gsfl]

Day Late, a Dollar Short
Bob Moriarty
President: 321gold
Archives
November 3rd, 2011

The most embarrassing thing in life is to get caught out at the airport when your ship finally comes in. It happened to one of our advertisers recently. I can't remember who it was that said, "When the eraser on your pencil keeps running out before the lead does, God is trying to tell you something." Whoever it was had a good point.

I wrote about CBM Asia (TCF-V) for the first time about three years ago just as the GFC was gaining steam. The price of the stock was $.46 but I cautioned against buying it at those prices. They had months more work to do before they would actually see progress.

By the time I wrote about them the second time, the price of natural gas had dropped and TCF was selling for half of what it had been selling for in December of 2008. You could buy it cheap for $.23 and I said so.

I wrote about them for the third time in September of 2009 just as they were about to spud their first hole. The shares were $.40 apiece and those who bought at $.23 were sitting in high cotton. According to the company, results would be out in a week after they drilled. It was just another promise too good to be true. I wish they would break the habit of promising and not delivering. They are beating their shareholders to death.

They finally drilled the first hole after many months of little being accomplished. They may as well have just stayed in the office in Jakarta and shot themselves in the foot. The drillers thought they were drilling for coal, not for CBM. They brought the core up and set it aside. CMB Asia didn't have a geo on site and it never occurred to anyone to bag the core. By the time they tested the core, all the gas was gone. I was shocked.

I wrote about them yet again last May with the shares still cheap at $.445. According to them, they had the results from the three holes that they had completed and would have a 51-101 resource out in 60 days. For two and a half years, patient shareholders have been waiting for some progress and it always seemed that the company would take one step forward and two steps back. The 60 days promised turned magically into 180 days and by now they had pissed off all the shareholders.

CBM Asia released the 51-101 results on November 2, Wednesday and the stock promptly dropped. The results were skewed by what I will call the Dumbshit Drill hole where no one thought to bag the core.

CBM Asia had to release the results of that first hole. The results showed there was no gas in the core after sitting for two weeks and the company doing the 51-101 had to factor in the Dumbshit Drill hole into their numbers.

Other than that, Mrs. Lincoln, how was the play?

The company doing the 51-101 showed three different sets of number for the resource. There was a low estimate of 319 Bcf, a best estimate of 1062 Bcf and a high estimate of 2056 Bcf.

CBM Asia has 12% of the project with an option for another 12% for a total of 24%. Now to understand what those numbers may mean, we need to look at what people get for a Bcf in other parts of the world. You should know from the gitgo that Indonesia is getting an incredible $11.50 a Mcf at present while natural gas in the US today is $3.75.

My sources in Texas and Calgary say that the market price for a Bcf of natural gas is $2 million. So if you took the low number from the 51-101 and used 319 Bcf, 24% of that would translate into a market value of $153 million or about $2 a share. If you used 24% of the best estimate, you would come up with a market value of $509 million using comparisons from Canada and Texas. If you were a wild optimist and used the 2056 Bcf High Estimate, you would have a value of $986 million.

Bear in mind the company totally skewed the numbers by drilling and announcing a dud hole. Obviously the numbers should be a lot higher but at this point only God knows and She isn't saying.

In my view, if the company had drilled three holes, and had bothered to bag the core so they would have some stupid wild-assed guess as to how much gas was in the coal and had completed the 51-101 in some kind of reasonable time frame a year after my first piece, I think the stock would be worth and would be selling for $5-$10 a share. I think that if they had done everything right and it took two years to drill three holes and do a 51-101 they would be selling for $3-$5 a share. But they have screwed the pooch so many times that when they actually get around to releasing pretty good numbers, their shareholders are so bored all they can do is hit the sell button.

I think with these numbers and no more, the stock should be $1 to $2 a share right now even with all the stupidity. If they would get drills cranking on the other 95% of the properties the company controls and actually bag the core and do a resource sometime this century the company could rocket a lot higher. If the company got the stock price above $.90 for over 20 days, it would accelerate the warrants and that would bring in about $10 million in cash. The company is worth ever bit of that and a lot more but shareholders don't know it.

I suspect a lot of shareholders are burned out and want to do nothing more than dump their shares at any price. I think that's a mistake, if management will get their act together, this stock would be a lot higher. We are going to have to churn through millions of shares from shareholders bored to death and management is going to have to learn to stop making promises they can't meet.

And face it guys, three holes in three years is absurd. It's time to get cranking.

CBM Asia is an advertiser, I own a lot of shares and have held them for a long long time. I am biased but I'm also pretty pissed. Shareholders have been severely abused and that needs to stop.

CBM Asia Development
TCF-V $.31 (Nov 2, 2011)
CBMDF-PK 70.6 million shares
CBM Asia website

Bob Moriarty
President: 321gold
Archives
November 3rd, 2011

[Atlevan]

CBM Asia Announces Independent Estimate of Coalbed Methane Resources at Sekayu PSC, Indonesia

ccnm






VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 2, 2011) - CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX VENTURE:TCF)(US:CBMDF)(FRANKFURT:IY2) announces that Qualified Reserves Evaluator Netherland, Sewell & Associates, Inc. (NSAI) has completed its coalbed methane resource estimate for the Sekayu Production Sharing Contract (PSC) in South Sumatra, Indonesia. The NSAI technical report can be found on the Company's website and on SEDAR. Note: prospective resource estimates are not proved reserves. Please see further notes below for important disclosures on risks.


CBM Asia's Chairman Scott H. Stevens noted, "We are pleased to disclose for the first time coalbed methane resources at Sekayu. These estimates -- prepared by respected third-party evaluator NSAI -- validate the thick coal seams, positive gas content results, and gas-to-surface that we have recently reported. Based on these results the Company is assisting operator Medco Energi to plan its pilot production program, with the goal to achieve commercial production in 2012, potentially increasing resources volumes and continuing the process of upgrading the resources to proved reserves status."


Mr. Stevens also noted, "the resource results support CBM Asia's investment target of maximizing our return on exploration investment. Indeed to September 2011 the Sekayu consortium has spent approximately USD9.3 million - inclusive of signature bonus - yielding an estimated 1,062 Bcf of recoverable prospective resources. The Sekayu PSC represents only 11% of CBM Asia's total coalbed methane net acreage in Indonesia and only 4.5% including the extensions under application on the Company's new interests in the Hulu and Bentian Besar PSC's. We believe CBM Asia's other properties offer a similar return on investment potential and that Resource Consulting International's upcoming resource estimate will provide further insight to the potential scale of the Company's overall resource base."




Sekayu PSC

:

Resource Estimate




Texas-based Netherland, Sewell & Associates, Inc. (NSAI) prepared the resource assessment of the Sekayu PSC as of September 30, 2011 in accordance with Canadian NI 51-101 standards and the COGE Handbook. NSAI has prepared numerous resource studies for CBM operators in Australia, China, Indonesia and other countries. Please see notes below for important disclosures on risks.


NSAI estimates the recoverable unrisked gross (100%) prospective gas resources for the Sekayu PSC as of September 30, 2011 as follows:




Unrisked Gross (100%)




Prospective Gas Resources (MMcf)



Prospect
Low Estimate
Best Estimate
High Estimate



Sekayu Block
319,051
1,061,983
2,056,266








Important Notes



A Production Sharing Contract (PSC) between CBM Asia and its Partners and the Indonesian Government executed for Sekayu gives CBM Asia and its Partners the right to explore for coalbed methane. If a commercial discovery is made, CBM Asia and its Partners have the right to develop and produce from Sekayu.


The above figures represent recoverable unrisked gross (100%) prospective gas resources for the Sekayu PSC as a whole and not CBM Asia's participating interest therein. CBM Asia has the right to acquire, indirectly, a 12% participating interest in the Sekayu PSC, together with the exclusive right to secure financing, indirectly, on behalf of an additional 12% participating interest in the Sekayu PSC.


The above prospective resources have been estimated using deterministic methods and are dependent on a CBM discovery being made. If a discovery is made and development undertaken, the approximate probability that the recoverable volumes will equal or exceed the unrisked estimated amounts is generally inferred to be 90% for the low estimate, at least 50% for the best estimate, and at least 10% for the high estimate.


Prospective resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective resources have both an associated chance of discovery and a chance of development. The chance of commerciality is the product of these two risk components. There is no certainty that any portion of the prospective resources will be discovered. If a discovery is made, there is no certainty that it will be developed or, if it is developed, there is no certainty as to the timing of such development or that it will be commercially viable to produce any portion of the prospective resources. Prospective gas resources are undiscovered resources that indicate exploration opportunities and development potential in the event a commercial discovery is made and should not be construed as reserves or contingent discovered resources.


For a further discussion of the risks and uncertainties associated with the recovery of unrisked prospective resources and other significant factors relevant to the above estimates, please refer directly to NSAI's technical report entitled "Estimates of Unrisked Gross (100 Percent) Prospective Gas Resources located in the Sekayu Block South Sumatra Basin, Indonesia as of September 30, 2011" filed on SEDAR at www.sedar.com and posted on the Company's website at www.cbmasia.ca.




ABOUT CBM ASIA DEVELOPMENT CORP.



CBM Asia Development Corp. is a Canadian-based unconventional gas company with significant coalbed methane ("CBM") exploration and development opportunities in Indonesia. The Company holds various participating interests in four production sharing contracts (each a "PSC") for CBM in Indonesia. Indonesia has one of the largest CBM resources in the world with a potential 453 trillion cubic feet in-place, more than double the country's natural gas reserves (Stevens and Hadiyanto, 2004). Since 2008 more than 30 CBM PSCs have been granted by the Government of Indonesia, representing exploration commitments of over US$100 million during the next 3 years. In addition to CBM Asia, other companies active in CBM exploration in Indonesia include BP, Dart Energy, ENI, ExxonMobil, Medco, and TOTAL. BP, ENI, and the Indonesian government have confirmed that commercial CBM production started in March 2011 from the Sanga-Sanga PSC and is being exported from the Bontang LNG facility. The Company trades on the TSX Venture Exchange under the symbol "TCF". www.cbmasia.ca


ON BEHALF OF CBM ASIA DEVELOPMENT CORP.


Alan T. Charuk, President & CEO

[gsfl]

Fourth Quarter 2011: Investor Update

VANCOUVER, BRITISH COLUMBIA, October 21, 2011 - CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX.V: TCF) (US: CBMDF) (FWB: IY2) provides an update on the Company’s achievements year to date as well as planned developments for the fourth quarter 2011.
CBM Asia’s Chairman Scott H. Stevens noted, “today the Company has a stronger position in Indonesia’s commercializing CBM industry, as a result of better-than-expected well testing results at the Sekayu Production Sharing Contract (PSC) in South Sumatra, substantial increases in the Company’s net acreage with the acquisition of two additional PSC’s which we will operate, and the establishment of a strong Asian investor base from Hong Kong, Singapore, South Korea and Thailand. We anticipate that resource assessments on the Company’s Indonesia CBM holdings will be finalized early in the fourth quarter of 2011.”

Fourth Quarter 2011 Development Plans
Resource Estimates: The Company has received notice from Netherland, Sewell & Associates, Inc (NSAI) that the final report on the Sekayu PSC original gas in place and prospective resource estimates will be ready in approximately three weeks.
The Company has hired Resource Consulting International (RCI) of Colorado to conduct a resource estimate compliant with Canadian standards on Kutai West PSC, Hulu PSC and Besar PSC. A Company director will be leading the RCI report.

Sekayu PSC Production Pilot: as discussed in previous Company news releases the Sekayu coring and production test program in South Sumatra has yielded better-than-expected results in all key factors for CBM development; coal thickness, gas content, permeability, and rapid gas-to-surface. As a result, our operating partner Medco Energi has decided to accelerate the production pilot program to demonstrate commerciality. Drilling is anticipated to begin early in 2012. The 2012 work program also includes completing the coring and dewatering at CBM-SE01. Budget approval for this program is expected by the end of October.

The Sekayu PSC has been amended to allow for early sales of test gas, anticipated sometime in 2012, ahead of full-scale commercial development. The Company believes the pilot production program will establish the Company’s first proved reserves and sales revenues, while further defining the block’s overall recoverable resource potential.

Kutai West PSC First Well: The Kutai West PSC in East Kalimantan lies directly adjacent to the Sanga- Sanga PSC, where VICO (owned by BP and ENI) recently reported commercial CBM production began in March 2011. VICO, which is exporting its produced CBM to Japan from the Bontang LNG facility, estimated CBM resources at Sanga Sanga to be 13 Tcf (non 51-101 compliant). At Kutai West the Company’s operating partner is currently preparing locations and planning to spud its first CBM core well during the fourth quarter 2011.
?
Exploration of Newly Acquired Acreage: CBM Asia acquired a 70% participation interest in an additional 3,913 km2 (2,793 km2 net) during the third quarter of 2011, becoming operator of the Hulu PSC in Central Sumatra and the Besar PSC in East Kalimantan. During the coming months the management team will submit an exploration plan to BPMIGAS to be executed starting the second quarter of 2012.
Jakarta Office Opening: the Company is finalizing lease arrangements and expects to open its Jakarta office next month and begin hiring a core local operations staff to help design and execute the Hulu and Besar PSCs exploration programs.

[TheCardinalR]

The Resource Estimate from Netherland, Sewell will probably be released next Tuesday, October 11th. Canadian markets are closed on Monday the 10th for Canada's Thanksgiving Day.

Rumour has it the numbers are staggering.

[johnnyfive]

Looking like close to 7TCF in the bag, nearly 2TCF for us. Should be a good fall.

[gsfl]

CBM Asia Increases Coalbed Methane Holdings in Sumatra & Kalimantan
CBM Asia Acquires 70% Operated Participating Interest in Two Additional Indonesian Coalbed Methane PSCs

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 20, 2011) - CBM Asia Development Corp. (TSX VENTURE:TCF)(US:CBMDF)(FRANKFURT:IY2) ("CBM Asia" or the "Company") announces that it has acquired majority interest in two coalbed methane production sharing contracts (PSC) in Indonesia, increasing its total gross acreage in the country by 93% to 2,799 km2. In addition, the Company has applied to the Indonesian government for extensions to both new blocks, which are anticipated to add a further gross area of 2,564 km2, and paid signature bonuses of USD$1.0 million per PSC thereto. Both agreements require the Company to, among other things, fund 100% of the costs of the first 3 years' firm exploration program commitment under the applicable PSC up to a maximum of USD6.5 million per PSC and reimburse the vendors for certain direct and other costs.

CBM Asia's Chairman Scott H. Stevens noted, "We are excited about the prospects for these two acquisitions, including the extensions under application at both blocks. Together with the extensions, these acquisitions exceed our previously announced LOI (May 12, 2011). The Hulu PSC in Central Sumatra targets coal seams that are age-equivalent to those at the Sekayu PSC, where the Company recently reported positive results. Drilling by other operators in East Kalimantan, particularly BP's recent confirmation of that they have achieved CBM-to-LNG export, four years ahead of Australia, confirm the CBM potential there. As operators of these two blocks we will be able to dictate the pace of exploration and development."

Central Sumatra PSC: The first block acquired is the 519-km2 Hulu PSC in Central Sumatra. The Company holds a 70% participating interest and is the operator. PT Samantak Mineral Prima holds a 30% participating interest. The block is adjacent to the Trans Sumatra gas pipeline and close to the Chevron-operated Duri oil field steam flood operation, a major gas consumer which offers premium gas pricing. The extension would increase the gross area to approximately 1,983 km2.

East Kalimantan PSC: The Company has also acquired a 70% participating interest and operatorship in the 830-km2 Bentian Besar PSC in East Kalimantan. PT Ridlatama Mining Utama holds a 30% participating interest. The block is located west of the Company's Kutai West PSC holdings and the BP-ENI Sanga-Sanga PSC, which recently began selling CBM to the Bontang LNG facility for export. The extension would increase the gross area to approximately 1,930 km2.

ABOUT CBM ASIA DEVELOPMENT CORP.

CBM Asia Development Corp. is a Canadian-based unconventional gas company with significant coalbed methane ("CBM") exploration and development opportunities in Indonesia. The Company holds various participating interests in four production sharing contracts (each a "PSC") for CBM in Indonesia including a 70% participating interest in the GMB Indragiri Hulu block covering 519 km2 in Central Sumatra, a 70% participating interest in the Bentian Besar block covering 830 km2 in the Kutai Basin of East Kalimantan and a 18% participating interest in the Kutai West block covering 869 km2 west of the Bentian Besar block in East Kalimantan. The Company has also entered into a binding letter of intent to acquire a 12% participating interest in a PSC for CBM on the 580 km2 Sekayu block located in the South Sumatra Basin where 3 exploration wells have been drilled by Medco Energi, following initial exploration drilling of a production test well in the second half of 2009. The Company has committed to fund an initial US$3.25 million in exploration expenditures on the Sekayu PSC to prove reserves and submit a Plan of Development to the Government of Indonesia. Sekayu Block Interests of the Company, Ephindo and Batavia Energy are held in South Sumatra Energy, Inc. Indonesia has one of the largest CBM resources in the world with a potential 453 trillion cubic feet in-place, more than double the country's natural gas reserves (Stevens and Hadiyanto, 2004). Since 2008 more than 30 CBM PSCs have been granted by the Government of Indonesia, representing exploration commitments of over US$100 million during the next 3 years. In addition to CBM Asia, other companies active in CBM exploration in Indonesia include BP, Dart Energy, ENI, ExxonMobil, Medco, and TOTAL. The Company trades on the TSX Venture Exchange under the symbol "TCF". www.cbmasia.ca

ON BEHALF OF CBM ASIA DEVELOPMENT CORP.

Alan T. Charuk, President CEO

[fish hook]

News out this week.Should increase the size of asset by at least 3x.This story continues to increase our probabilities that the companies share price will reflect the true value.Many have calculated the value and as the story unfolds more and more will believe.I look forward to the next couple months.We will see the re,hole #1 results,new acquisitions,new drill program etc.Stevens gave an interview on merging markets stating what we know but the more other people hear the story the more buying of stock will occur.IR can make a case for for dollars which should get the sp higher.The Hook

[johnnyfive]

When the numbers come out, this stock will fly no matter what the market conditions. This is a monster play. wait and see. I am all in now and 100% confident we will see dollars soon. The public float is barely 45 million shares, tiny, and will move fast. Look how thin it trades. Can't wait for the coming days and weeks.

[gsfl]

Yea the rumors are flying... I'm afraid though until this fear leaves the market we will be undervalued no matter what news comes out. The last pr should have sent us up at 30 to 40 percent but we got nothing.

That's ok, I've waited two years I can wait some more.

[johnnyfive]

Indications are that gas flows are reported to be more than double first estimates. Will we be pushing 4 TCF? Questions will soon be answered.

[johnnyfive]

Rumour is that TCF will make powder river look like a bic lighter. Results are off the charts. Lots of news coming before month's end. I predict 1.00-1.50 by end of Oct.