CBM Asia selects NSAI as resource auditor

By Ruli Setiawan

Canada-based firm CBM Asia Development Corp. has selected Netherland, Sewell and Associates, Inc. (NSAI) to audit the company's net interest in coal bed methane resources at the Kutai West PSC in East Kalimantan.

"NSAI's experience working with top CBM operators in all major producing coal gas basins worldwide is integral to their ability to deliver a qualified and balanced report," stated Chairman Scott H. Stevens in a statement.

Newton Energy Capital Limited operates the Kutai West CBM PSC, in which CBM Asia holds an 18 percent working interest.

Based in Houston and Dallas, NSAI is a qualified reserves auditor with extensive experience in CBM resource auditing, having worked with most of the top operators in every major producing coal gas basin in the world.

NSAI will conduct the audit under Canadian standards for disclosure (National Instrument 51-101 Standards of Disclosure For Oil and Gas Activities).

Editing by Dadan Wijaksana