Coal Bed Methane play - any opinions from industry people
on the well results? They are set to release in the next 30-60 days results from 3 other wells...
Press Release Source: CBM Asia Development Corp. On Wednesday April 27, 2011, 5:33 pm EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 27, 2011) - CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX VENTURE:TCF - News; US:CBMDF)(FRANKFURT:IY2 - News) announces that MedcoEnergi has measured a high degree of coal seam gas saturation in the CBM-SE-02 well at the Sekayu coalbed methane production sharing contract in South Sumatra.
CBM Asia's Chairman Scott H. Stevens noted: "This test confirms good gas content and high gas saturation in the thick coals present across the Sekayu PSC. Combined with additional gas desorption data anticipated soon from Medco's three deeper test wells, the Company expects that its third-party consultant will have sufficient data for evaluating the resources and commercial potential of coalbed methane development at Sekayu."
Well-site contractor Weatherford International Ltd. conducted Coreless Critical Desorption Pressure testing on the 36-foot thick Pandangan A coals within the 1,710- to 1,793-foot depth interval. Coal seam gas content was measured at approximately 100 scf/ton (dry, ash-free basis), with an estimated 93% level of gas saturation. Gas composition has not yet been determined but the gas being produced to surface is flammable.
MedcoEnergi subsequently installed a downhole pump in the well and has begun a short-term test to dewater the coal seams. Already, a small amount of gas is being produced to the surface from these still unstimulated coal seams
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