Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I agree. Google trades at 5X earnings, Facebook currently 15X earnings. FB should be at 7 or 8 bucks max.
How about facebook for dogs?? Dogs and children do influence household purchases. I'm sure GM would get back on board if these changes were implemented.
Does anyone know what FaceBook really is? I have read it was a government operation intended to spy on its citizens. It just went too wild. New world order I believe. Probes, pisces clock etc. etc.
Drilling program LOL!!!!! The pump is over, time to go home. Anyone who pays a promoter that kind of cash is only here for the short term. Those results were shite anyway. 100ft of less than 2g/t is a joke.
How many shares out now? 200MM??
Here is some proof of the scam in case you are that stupid to believe this is a legit co.
http://www.stockhaven.com/nsrs-ceo-harry-lappa-turns-306196-into-200000000-a-65000-return/
I alerted the SEC yesterday about this P&D. This is fcukin shameful. Down to a dime by tomorrow if not completely shut down.
Looking like close to 7TCF in the bag, nearly 2TCF for us. Should be a good fall.
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.
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.
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.
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
(604) 684-2340 or (866) 504-4755
corpcom@cbmasia.ca
www.cbmasia.ca
Micro Cap et al
Investor Relations
1 877 642 7622
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
Thanks. I've read his latest. Bodes well for us.
Who's Bob??
Thanks.
Now up 25%!!! Looking very strong.
Something is up. The stock is up 18% this morning on the Canadian Market. Good volume and support moving in. News is iminent.
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?
hahaha!!! The pinks strike again!!!!
Would $2.00 be a safe entry point here? Thanks for any opinions.
Does anyone know waht % FNDM earns on the funds under management? I've heard everything from .04 to 1.0%? What percent of Advisor does FNDM own??
Thanks
One question. There has been a lot of talk on the short position being covered and how this will drive up the shareprice. There is currently 1000 shares available @10.00 which represents over 80k shares pre split. Why wouldn't shorts be covering at this point if they were worried??
I tried to buy some today at 10.00 as well. How could a sale go through at 5? I don't understand how this works. Broker said the order is still in but not showing anywhere. Can someone explain this to me.
I talked to my guy at TD waterhouse. He said he is unable to get much info on the pinks due to the market makers. He said they don't have to display their bids or asks so trades could go through which do not reflect the current bid/ask. They control both sides of the trade. In other words, I'm taking my chances on the pinks. He said it was a risky market to trade on. I'm not an experienced investor, is what he told me making sense??
If the company gets bought out/merges with another, do the shorts get wiped out or are they forced to cover? Thanks for any input on this.