CBM Asia Development Corp. says that Qualified Reserves Evaluator Netherland, Sewell & Associates, Inc. (NSAI) has completed its coalbed methane resource estimate for the Kutai West Production Sharing Contract (PSC) in East Kalimantan, Indonesia.

NSAI's latest appraisal concluded the following key findings under its Best Estimate (most likely case):

1. 3,915 Bcf of gross unrisked prospective gas resources (705 Bcf net).
2. Estimated 80% probability of geological discovery.
3. 50% overall probability of commerciality including geological and development risks.
4. Gas content of 300 scf/ton (dry, ash-free basis).

Note: Prospective resource estimates are not proven reserves or contingent resources.

Tags: CBM Asia Development Corp.