INDONESIA--CBM developments in the South Sumatra Basin

摘要

CBM Asia Development Corp. has announced that it has signed a Letter of Intent (LOI) with Batavia Energy Inc. to acquire 48 percent of South Sumatra Energy Inc. (SSE). SSE, together with PT Medco CBM Sekayu, holds a Production Sharing Contract (PSC) for coalbed methane (CBM) on a 58,349 ha. block in the South Sumatra Basin (the Sekayu Block PSC), Indonesia.