Fracking The Future

CBM Asia Develops Indonesia Coalbed Methane

By Ted Niles

Indonesia’s abundant coal deposits have long been exploited, but it was Scott Stevens—in a 2004 paper published by the Society of Petroleum Engineers—who identified their coalbed methane potential. The Chairman of CBM Asia Development Corp TSX:TCF explains, “Indonesia is already the biggest exporter of coal in the world. The coal is beautiful quality; it’s very low in ash and really good for power generation. The industry is just booming.”

Stevens continues, “When these coals become deeper they become very gas charged; they pick up a lot of natural gas. We mapped that out, and we found that south Sumatra, east Kalimantan and south Kalimantan have really huge deposits. We estimate about 453 trillion cubic feet (TcF). That’s the number I developed 10 years ago, and the government still uses it.”

Read the rest of this article.