Kutai West gets forestry nod for CBM drilling

Vancouver-based firm CBM Asia Development Corp. announced on Tuesday that it has been informed by Kutai West PSC operating partner Newton Energy that it has received approval from the Minister of Forestry to proceed with planned coal-bed methane (CBM) exploration drilling within the Kutai West Production Sharing Contract (PSC).

The Kutai West block is located in eastern Kalimantan, directly west of Sanga Sanga CBM PSC.

CBM Asia President and CEO Al Charuk comments, "We are very pleased with the work by Newton to acquire this permit and look forward initiating our CBM drilling program."

The company also reported that it has selected Netherland, Sewell and Associates, Inc. (NSAI) to audit the Company's net interests in coalbed methane resources at the Sekayu block in South Sumatra. (alex)