CBM Asia (CBMDF)

[gsfl]

I think you so correct. The fear of a market collapse is not helping.

[IchimokuCloud]

Even after today's stupendous PR, most people still don't comprehend just how huge this Company is going to be, if they get to stay independent long enough to do so.

[gsfl]

CBM Asia Development Corp.: Second Test Well Flaring Gas at South Sumatra CBM Block
NSAI to Complete Resource Assessment 3Q-2011

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 10, 2011) - CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX VENTURE:TCF)(US:CBMDF)(FRANKFURT:IY2) announces that Medco Energi has flared gas at the surface from the CBM-SE-03 test well. It is the second test well to flare gas at the Sekayu coalbed methane production sharing contract in South Sumatra.

As the Company previously reported, the CBM-SE-03 well penetrated over 230 feet of net coal. Medco has isolated a single 50-foot thick coal seam in the well using production packers set at a measured depth interval of 2,300 to 2,353 feet, placing pre-perforated liner across the unstimulated interval. Gas was produced to surface almost immediately, indicating high gas saturation. The flare may be viewed on the Company's website. Weatherford International Ltd. is preparing to conduct a Coreless Critical Desorption Pressure test at this well to measure coal seam gas saturation and gas flow capacity.

Dallas-based Netherland, Sewell, Associates, Inc. (NSAI) is completing its audit of the Company's coalbed methane resources at the Sekayu PSC. NSAI reviewed geologic data on Sekayu at Medco's Jakarta office during late July and is expected to complete its evaluation of the Company's potential coalbed methane resources at the property during the third quarter 2011. This report will be conducted under NI 51-101 Canadian Standards of Disclosure for Oil and Gas Activities.

[gsfl]

News must be eminent. 27% on the day and good volume.

[gsfl]

Ok, the suspense is killing me. News already. . . please?

[huffmandc]

Hey,Capt.
What did you come up with? Getting pretty exciting after all these years....

Brian

[huffmandc]

[CaptLouieRenault]

This is going to be so huge it just boggles the mind !

People need to do the math here to realise just how staggering the numbers are:

Add up all the acreage they now have under their purview. Divide that by 80 ( a typical spacing for conventional gas wells ). That's how many wells could be drilled using just conventional gas well spacing, CBM fields are commonly on 40-acre, or even 20-acre spacing .

Now multiply the number of wells on 80-acre spacing by 250mcf a day of production. 250mcf is another extremely conservative production number, given the gas saturation they're finding in the wells drilled so far.

Now multiply that by $6 per mcf, again a conservative number for the sales price of this gas in that region of the world.

Then, finally, take CBM's share.

Be sure you're sitting down when you punch the "=" key on the calculator for the last time.

[johnnyfive]

CBM ASIA DEVELOPMENTAL CORP (U-CBMDF) - News Release
Latest Well Expands the CBM Fairway at Sekayu PSC, South Sumatra; Over 230 Feet of Net Coal, 50% More Than Expected; Favorable Gas Content Correlates With Previous Test Wells

2011-06-07 20:49 ET - News Release


VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 06/07/11


CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX VENTURE: TCF)(US: CBMDF)(FRANKFURT: IY2) announces that Medco Energi penetrated over 230 feet of net coal in its most recent exploration well at the Sekayu coalbed methane production sharing contract in South Sumatra. Actual coal thickness exceeded the pre-drill prognosis by 50%. All coal seams exhibited strong gas shows. Preliminary gas contents from the CBM-SE-03 well correlate with equivalent coal zones in the two previous Medco Energi test wells, based on well-site desorption underway by contractor Core Laboratories N.V.

Medco Energi has now drilled three test wells across the Sekayu block, indicating that thick coal seams with favorable gas content underlie a significant portion of its 583-km(2) total area. Core Lab's final analysis of core from these wells is anticipated by late June. Dallas-based Netherland, Sewell & Associates, Inc., the Company's newly appointed Qualified Reserves Evaluator, has initiated its audit of the Company's coalbed methane resources in the property under Canadian Standards of Disclosure for Oil and Gas Activities. NSAI's report is expected to be completed by July.

CBM Asia's Chairman Scott H. Stevens noted, "The three CBM test wells drilled to date demonstrate that very thick coal seams with favorable gas content underlie a significant portion of the 583-km(2) Sekayu PSC. CBM reservoir properties appear to be consistent over a wide area. This is a good indication that a large, high-quality, and potentially commercial CBM deposit may be present in the block. Gas market conditions continue to improve in South Sumatra, with nearby oil & gas operators including Talisman Energy reporting strong natural gas sales prices of over USD6.00/Mcf."

About Core Laboratories N.V.

Core Laboratories of Houston, Texas is a leading provider of proprietary and patented Reservoir Description, Production Enhancement, and Reservoir Management services.

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 has entered into a binding letter of intent to acquire a participating interest in a production sharing contract ("PSC") for CBM on the 583-km(2) Sekayu block located in the South Sumatra Basin where three exploration wells are being 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. The Company also has an 18% net working interest in a PSC for CBM on a 868.978-km(2) block located in the Kutai Basin of East Kalimantan. 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 three 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". http://www.cbmasia.ca

ON BEHALF OF CBM ASIA DEVELOPMENT CORP.

Alan T. Charuk, President & CEO

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. See "Risks and Uncertainties" in the Company's 2010 annual MD&A dated April 27, 2011 available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Contacts:
CBM Asia Development Corp.
Alan Charuk
[phone] or [phone]
[e-mail]
www.cbmasia.ca

Micro Cap et al
Investor Relations
1 877 642 7622

[johnnyfive]

Major coal intercept hit!!!!!!!!!!!!!!!!!! Huge gas field under Sekayu block!!!!!!!!!!!!


http://www.stockwatch.com/News/Item.aspx?bid=Z-C:TCF-1849582&symbol=TCF&news_region=C

[fish hook]

Maybe we get hole#3 results later this week!!!If not this week I think next week has high probabilities.The Hook

[CaptLouieRenault]

This is going to be one of those "two-ways-to-riches" stock. Just holding a core position, and swing-trading around that core, because this truly will be a traders' dream.

[fish hook]

When you look at what they are drilling you realize it's all the same coal.I've got my free shares which will be held until production or they get bought out which will be at least a year.Then my trading shares which I'll wait for the .60's to break and then that .20-.40 up day with heavy volume to give someone else the opportunity to buy.If it keeps going great if a pull back occurs then I'm back in with my trading shares as long as news is coming.When hole #3 comes in as good if not better than #4 this stock will go up and when hole #1 is reported someone will take my trading shares off my hands.The Hook

[CaptLouieRenault]

Ok, they had a gap to fill from the open today, and now they finally filled it. Up from here... better not wait any longer if you want on this E-Ticket.

[gsfl]

Nice volume on the TSX. Let's see if we can hit .60 again before the weekend.

[gsfl]

I am in total agreement. I will sit back and sell into strength. I tried to buy a whole bunch more last week at .35 but there were no sellers.

[fish hook]

I saw the action,also high volume on alpha trading.I believe we will hear something on hole#3 next week at the earliest.Those warrants will prove to be some resistance near term and the initial public offering at .60 will also bring some selling.If and when we clear .60 don't be surprised by quick run-up.The Hook

[CaptLouieRenault]

Did you see yesterday's action on the TSX-V ? Just quiet, steady, nothing-out-of-the-ordinary volume until about 45 minutes to the close and then - BAM! - it was like Bargain Basement at Filene's ..... nearly doubled the volume in those last 45 minutes. Somebody all of a sudden decided they really liked this story and then decided to act on their beliefs with some coin.

[fish hook]

My opinion is that no news on Hole#3 will be out this week.The story will continue to build and next week hole #3 will ignite the sp.Hole #1 might be ready by 2nd week of June.Then we wait for 51-101 in July but when all the holes are completed and people put a pencil to what they have the sp will be much higher.Scott knows what the company has and will continue to buy up land if the Co has $$$.This project was #2 on his list.The Hook

[CaptLouieRenault]

More news ! Reserves Auditor chosen to do the NI51-101 report.

http://finance.yahoo.com/news/CBM-Asia-Hires-Qualified-iw-3180357819.html?x=0&.v=1

The NI51-101 is what will really show how massively, monstrously under-valued this stock is at its current price.

I know a few of the good folks over at Netherland, Sewell; they shoot it straight.

[fish hook]

Hole #3 might have to be delayed until the following week.Not a bad thing from what I hear!!!The Hook

[fish hook]

I've bought more as well and will trade that position next week when hole #3 is reported.Been informed that it should be as good if not better than #4 and hole #1 looks to be similiar to #3 and #4,they thought that hole #2(first hole drilled)would have the least amount of coal thickness.The Hook

[johnnyfive]

Thanks. I've read his latest. Bodes well for us.

[gsfl]

Bob Moriarty

If you do not know who that is Google him.

[johnnyfive]

Who's Bob??

Thanks.

[gsfl]

From what Bob is saying the market is not prepared for the news. The reports are going to blow some investors minds. I picked up more at .35 and will sell them at .70 and ride to the end with my core. I have a target price of $1.60 but think it could go higher.

Time will tell.

[fish hook]

I've heard no news until next week.Canadian holiday Monday which means not enough people around Thursday or Friday so the decision to wait until next week is fine with me.All indications are that hole #3 is as good as if not better than #2,this should have a positive effect on the stock.The Hook

[gsfl]

CBM Asia to Increase Coalbed Methane Holdings in Sumatra

May 12, 2011 (Marketwire Canada) --

VANCOUVER, BRITISH COLUMBIA -- CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX VENTURE:TCF)(US:CBMDF)(FRANKFURT:IY2) announces that it has signed a Letter of Intent to acquire a 70% working interest and operatorship of a 2,100-km2 coalbed methane Production Sharing Contract (PSC) located in Sumatra, Indonesia. Negotiations continue with the current owner of the PSC and are expected to be completed in near future.

Company Chairman Scott Stevens noted, "This highly prospective block ranks near the top of the numerous acquisition opportunities available to the Company within Indonesia's emerging coalbed methane industry. The block offers operational synergies with the Company's existing CBM project at Sekayu PSC in South Sumatra and represents the next step in our corporate plan to grow the Company with multiple PSC acquisitions with majority working interest levels and operatorship."

[johnnyfive]

Now up 25%!!! Looking very strong.

[johnnyfive]

Something is up. The stock is up 18% this morning on the Canadian Market. Good volume and support moving in. News is iminent.

[fish hook]

I've not talk to my contact in a couple days.I'll get updated late Wed.The Hook

[johnnyfive]

Will they be doing downhole pressure tests or desorption tests on the cores? Thanks. If the results as good as belived, stock should move nicely above the .60 cent mark into the .80-1.00 range. Any thoughts?

[fish hook]

Testing of hole #3 is underway,should hear next week.Scott thought Holes #1,#3 and #4 were in the honey zone with #2 being the least thickness.Hope he is right and #3 and #1 are similiar to the results of #4.The Hook

[fish hook]

I got lucky.Sold most of position at .5445 late yesterday and bought the close today at .411.I think there might some more downside Friday am which I'll buy some at .35 then .30.I believe more news coming next week.This action got many of the people who thought it was easy money out and allowed stronger hands to buy their stock at reduced levels.The Hook

[gsfl]

Conference call was exactly as expected. Very strong and moving forward there is a lot of room for growth. Now let's see what the market thought. If we can hold $.50 for a few closings we should be on our way up.

[fish hook]

Been thinking about conference call!!!Way too much hype going into call,if company tells about what they think will happen and prior results,I believe the market goes DOWN.I'm going to sell some early and start buying back around .40 which is where I think it's going,then because it went up tooooo fast it will probably trade in the high .20's and I'll be buying.If the call is great and the market never looks back,I'm happy with that as well.The Hook

[fish hook]

I've got my free shares.Rules are rules,didn't want to sell but now I can't loose and still have enough to make some good coin if this explodes.The Hook

[gsfl]

I think what Scott has to say will blow investors away. I'm telling you once the herd comes into this play we are going to be very happy we are in already.

[fish hook]

Market is saying that we will like what Scott has to say.I think if the market goes up in anticipation the conference call(if nothing new is said)will give one the opportunity to sell and buy back cheaper.The Hook

[gsfl]

CBM Asia Announces Conference Call & Live Web Cast

VANCOUVER, BRITISH COLUMBIA, May 9, 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, May 12, 2011 at 10:00 a.m. Pacific Daylight Time (1:00 p.m. Eastern Daylight Time) to discuss recent well testing results and the outlook for the Company’s coalbed methane business in Indonesia.
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/cbm110512.html

[fish hook]

Nice article,knew it was coming as did many others.Other things coming out next week and a conference call as well,so I've been told.Have no idea what release will say but from Friday's action one can only assume.I think they have stated intent to buy other properties as soon as they have the money.Just got in last week so I'm going to take out my investment next week and let the rest ride.Hopefully I only have to sell 10% to get out my $$.The Hook

[huffmandc]

Hey guys,

Just noticed after all this time some good conversations on this board. Try Stockhouse.com, there's some great insight and a good crew over there. This thing is finally coming together after being in for over 2 years.

Brian

[gsfl]

Buy in May and Go Away
Bob Moriarty
President: 321gold
Archives
May 7th, 2011

I was going to write a piece about silver for the 1st of May titled “Sell in May and Go Away” but the market collapsed before I could get to it. Oh, well.

There is another company I have been following for almost 2.5 years. I was a buyer at higher prices and I kept buying all the way down to the bottom. They came out with what I thought might be significant results about 10 days ago. I’ve literally been beating on management since that time to explain in simple English what those results actually mean without success until today. Unfortunately, others have figured out the meaning and ran the stock up 78% yesterday.

Not to worry, it’s still cheap. 30 months ago when I first visited the company in Indonesia, I thought they were a 10-bagger. Even after a 78% rise on Friday, I think they have ten bagger potential. Next week will be interesting for trading.

The company is CBM Asia (TCF-V) and has several CBM (Coal Bed Methane) projects in Indonesia. The past 30 months have been rough on the company and they have struggled to get traction. The stock is only now where it was 2.5 years ago but they had partner problems and then when they finally got around to drilling for coal, it never occurred to the operator that it would be nice to know if there was any gas in the coal and the core went unsealed until all the gas was gone.

But they have traction now and are drilling the Sekayu project in the South Sumatra Basin. It was the results from the first hole that lit the market on fire. They are drilling two more holes and the results should be released in about a month.

CBM Asia has a 12% working interest in the Sekayu project and has the right to increase it to 24%. Here are the numbers from their website quoting estimates from a report written in 2004.

The entire Sumatra basin has about 7350 square km. TCF and their partner control some 580 square km or 7.9% of the basin. The basin is estimated to contain 183 Tcf of gas. 7.9% of 183 Tcf of gas is about 14.45 Tcf. If they drill the entire 580 square km and find what the presentation estimates and TCF has 24% of the working interest, TCF would have about 3.46 Tcf of gas for their shareholders.

Prior deals in the area would show a SWAG (Stupid Wild Assed Guess) price for a Tcf in the ground of $.83 per Mcf. That would make a Tcf worth $830 million. If TCF had 1/10th of the gas estimated for their portion in the basin, it would give them an in the ground value of $287 million.

I loved the company 2.5 years ago when they were about $.45. I loved the company when they dropped to $.10 and I love them now. I bought shares at $.45, I bought shares at $.10 and I bought shares today. I have never sold a share. I’m thrilled that they actually got traction.

They aren’t the best in the world at communication. I have been beating on them for days trying to get a translation of what the numbers meant. And I mean I beat on them. I wanted to get my piece out before the shares ran away. I was a little late on that but you can see with 4.5 million shares traded and a 78% climb in a day, it’s not anything I did. I’m told they have been making presentations in Asia and finally everyone got it.

There will be a 51-101 resource on the Sekayu project in 60 days or so or there will be heads rolling in the aisle. TCF has two other projects in the Kutai Basin, Kalimantan. They are scheduled to drill the Kutai West project in 2Q11. Expect a 51-101 resource for Kutai West by 3Q11.

This is the kind of company that makes fortunes for people. I can’t even say what I really think the stock could do. CBM has been ignored in Indonesia forever because it wasn’t coal and it wasn’t natural gas. It fell between the cracks. The pricing is different than the US and Canada and they are getting $5-$6 a Mcf now. CBM Asia was a pioneer in Indonesia and while they have been bloodied, they have come up trumps.

TCF has been a loyal advertiser for almost three years. I have visited Indonesia with TCF. I love the country. TCF has a franchise and if they can pull it all together, they have multi-billion dollar potential. It will be an interesting ride.

I own shares and have participated in several placements. I am as biased at they get. I like the people and the management. I hope everyone makes a lot of money out of it but since you don’t share your profits with me, you must take some responsibility for your own actions and you must do your own due diligence.

CBM Asia
TCF-V $.445 (May 06, 2011)
CBMDF-OTCBB
60.9 million shares
CBM Asia website

[fish hook]

Congrats,bought 10k this am at .2963 got rid at .45 knocked cost down to around .16.I heard the a phone interview to take place late next week.Great talking to you the last few days.Very profitable.The Hook

[gsfl]

Ok, all done selling and talking to myself for now. CBM ASIA actually paid me to own their shares. NICE! It's lonely being right. But wait, surely I boast. Oh well, no one here to know.

I see this going to a dollar once all the news is released and the herd catches on. Then it may retrace back to .50 or never look back.

We shall see.

[gsfl]

Very successful day and I still have a whole lot of shares left. I have sold a little bit at every .03 rise and doing extremely well. I should have half sold by 4:00.

[gsfl]

I will sell half of my shares before closing. I am now up 120%. And just think the best is yet to come.

[fish hook]

I think the average share price is around .30 which should provide some resistance.Once this level is broken the next price to watch is .60 the initial offering.The Hook

[fish hook]

Agreed!!That's why one watches and pulls the trigger when it goes ballistic.Keep on giving the buyers stock at each .03 or.05 and wait for pullback to re-enter if the funnymentals are still in place.No emotion(sure)!!The Hook

[gsfl]

Slow and steady climb is always better than a parabolic move. That's when I take my money out. You will always be able to buy back in cheaper. Sometimes a whole lot cheaper.