CBM Asia (CBMDF)

[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.