Second test well confirms attractive gas content at Kutai West CBM PSC

By Peni Pedriawan

CBM Asia Development Corp. said that gas content measurement from the second exploration well at the Kutai West Coalbed Methane Production Sharing Contract block in East Kalimantan averaged 5.56 m3/tons (178 scf/ton) on a preliminary, as-received basis, or prior to correction for ash and moisture content.

The company, which has an 18 percent interest in the PSC, said in a statement received on Wednesday that the gas content of two samples exceeded 7 m3/t (224 scf/ton) on as-received basis. Previously, CBM Asia reported that approximately 32 meters of net coal was logged in this well.

?This second well confirms that thick coals with attractive coal seam gas contents are present in the Kutai West PSC. The block is located immediately adjacent to commercial CBM production and development taking place at BP/ENI's Sanga-Sanga PSC,? comments CBM Asia Chairman Scott H. Stevens.

Editing by Reiner Simanjuntak