We’d like to invite you to have a listen to our exclusive 2nd CBM World Interview, with top PriceWaterHouseCoopers (PWHC) executives Mr. William Deertz, head of the Indonesian Energy, Utilities and Mining practice & Mr. Antonius Sanyojaya, Taxations expert specializing in Indonesia’s Energy, Utilities and Mining industry.

Mr. Deertz & Mr. Sanyojaya address regulatory updates, investment outlook, environmental issues, barriers to investment, and how CBM will play a bigger part of Indonesia’s energy mix – not to replace, but supplement LNG.

Don’t miss out as they share their candid insights on:

• What lies ahead for Indonesia’s CBM industry?
• Understanding the PSC regime for CBM production.
• The confusing policies and lack of infrastructure in Indonesia’s CBM sector.
• Will Coal Bed Methane overtake Conventional Natural Gas to supply Indonesia’s natural gas needs?
• Barriers to Developments in Indonesia’s CBM sector
• Environmental & Socio-Economic concerns associated with CBM mining that need to be addressed.

… Plus many more…

Don’t miss out on this very eye-opening look at the Indonesian CBM sector. Sign up below to access and listen in to the Coal Bed Methane Interview!

Watch your inbox for information on how you can download this recording, and for other updates on videos, papers and other updates related to the Coal-Bed-Methane sector and the 2nd CBMWorld conference!

In the mean time, don’t forget to sign up for 2nd CBM World, which is less than a month away.

>>Click HERE to Register with your Team today for our special group discount!<<

Shizhuang South (GSS), the Company’s most advanced gas production block, continues to increase as the de-watering wells convert to gas. The production at the Zayoun station has exceeded 33,000 cubic meters or 1,165,890 CF per day and continues to rise as the water table is reduced and casing pressures in the wells are reduced through production.

The Surface-to-In-Seam (SIS) wells drilled on the GSS block have proved successful within months of commencing production. A total of 2,880 meters was drilled in the coal seam utilizing Mitchell Energy proprietary technology, with whom  the Company has a joint-venture. The first well GSS008 turned to gas production in excess of 8,000 cubic meters or 282,000 CF per day. The water table was reduced to 55 meters above the coal seam within 15 days of commencing production. The second well GSS031 is successfully de-watering with a demonstrative consistent reduction in the water table to 66 meters above the coal seam at present, alongside an increase in the casing head pressures. Gas production is expected once the water table is at the coal seam which is forecasted for the month end.

Randeep Grewal, Chairman & CEO commented:
“The SIS wells represent significant progress for the Company. The success of our GSS wells gives us the confidence to pursue and expand our development plans for the GSS block providing for significantly more horizontal wells than originally planned. The SIS wells enable greater gas drainage at a faster rate, with less surface footprint and related infrastructure. Although it is still early on the production curve, our decade long experience with coal seams allows us to appreciate the significant benefit of the SIS technology. With the application of the same proprietary technology, we are repeating in China the Australian Queensland success.”

The information contained in this announcement has been reviewed by Elton Dong, Vice General Manager Production, Bachelor of Science at Xi’an Petroleum Institute

Attend 2nd CBMWorld in Jakarta on 10-11 Mar 2009 now and get first hand information from CEO Randeep Grewal who will be presenting on his success in CBM.

For further information on the Company and its activities, please refer to the website at www.greendragongas.com

In that same month, Director General oil and gas Luluk Sumiarso said the government will sign a CBM contract with PT Medco Energi Internasional Tbk (MEDC.JK), for the South Sumatra area.

Ephindo and McLaren Resources Inc – under the flag South Sumatra Energy – together with Medco E&P, signed a CBM (Coal Bed Methane) contract with BPMIGAS in May 2008, witnessed by the Minister of Energy and Mineral Resources, Republic of Indonesia.  The signing marks the first CBM Contract and signifies the beginning of CBM industry in Indonesia.

In June 2008 the government awarded two companies with coalbed methane (CBM) contracts;  PT Ridlatama Mining Utama won a contract to extract gas from coal seams in a block in East Kalimantan, while PT Samantaka Mineral Prima will develop a block in Riau province.

CBM Asia Development Corp. announced in November 2008 that the Government of Indonesia awarded a production sharing contract (“PSC”) for the development and production of coalbed methane on a portion of the Company’s Kutai Block located in eastern Kalimantan Island of Indonesia. The PSC covers an area of approximately 760 square kilometres in the Kutai basin of Indonesia and has been granted to Kutai West CBM Inc. (“Kutai West”), a consortium established by the Company and its joint venture partners, and Newton Energy Capital Inc. (“Newton”).

Studies have shown that the country has over 453 trillion cubic feet of CBM, twice the resource of natural gas. But due to a quirk in Indonesian law, the CBM potential has yet to be tapped. Indonesia differentiates between subsurface rights for coal and those of gas/oil. So if someone wanted to come in and do a CBM deal they had to deal with both the owner of the coal rights and the owner of the gas/oil rights. In the confusion, nothing was accomplished.

At one of the contract signing ceremonies, the Minister of Energy completed his marathon-signing event, and spoke to the large assembled group for a few minutes. One of the first things he announced was that he had signed a document the prior night taking the coal people out of the equation. In the future, the gas and oil people have preference and anyone wanting to drill for CBM will have to deal with them but will not have to deal with both them and the coal people. As such, for a foreign company, it’s a giant step forward because it cuts the number of people involved in the deal in half.

Be at 2nd CBMWorld 2009 with the key people in the business and find opportunities in CoalBed Methane. Your participation in this conference is the gateway to your success in Indonesia’s vast gas resources!

China already relies on coal to generate three-quarters of its electricity, and the coal mining industry hires close to 7 million Chinese.

Source: MarketOracle.com

So it’s not very surprising that coal centric China wants to take advantage of coal bed methane as an alternative source of natural gas, cutting the country’s dependence on Natural Gas imports.

In 2006, it was reported that China used 1.4 billion cubic meters of coal bed methane, or 3% of the country’s total natural gas consumption.

But Beijing has set an ambitious target to increase coal bed methane output to 10 billion cubic meters annually by 2015.

This exciting announcement was made by China’s chief planner Hu Cunzi of the Ministry of Land and Resources at a press conference on Wednesday, 7 January 2009.

Over the past year and a half, the Chinese government has been rolling out a raft of preferential policies to help develop the nascent coal bed methane industry grow and establish. Tax breaks, Subsidies, waiver on import duties for equipment are paying off with foreign investment in China’s coal bed methane sector skyrocketing.

This new announcement is going to create a tremendous buzz among the coal bed methane industry representatives who will be at the upcoming 2nd CBMWorld conference on March 10-11 in Jakarta, Indonesia.

The timely conference which will bring together key players in the regional and global Coal Bed Methane industry features a critical speech Huang Shengchu, President of the China Coal Information Institute on the upcoming investment opportunities and policies for development of CBM in China.

Don’t miss out on this golden chance to quiz Huang Shengchu on the upcoming opportunities in China’s Coal Bed Methane sector.

>>Make sure you confirm your participation at the 2nd CBM World by CLICKING HERE to register!<<

CBM World has sourced the latest CBM regulations, scouted the latest technology solutions, and identified best industry practices to put together an exciting and informative idea exchange platform.

The inaugural CBM World that was held last year in Singapore saw positive response from the region’s energy sector and the global CBM industry. The oversubscribed conference welcomed participants from over 25 countries , and made its mark as one of the key events in the annual CBM calendar of events.

Ringing Endorsements from previous CBM World participants:

• “I had a very good experience by sharing and hearing the recent updates on CBM today from the key players.”
  ~ PERTAMINA
• “Plenty of knowledge gained. A productive session indeed!”
  ~ PETRONAS
• “The Conference provided a good forum for exchanging idea on investing in CBM projects in Asia.”
  ~ Petron Resources
• “I gained valuable knowledge on CBM & its approach”
  ~ Vietnam Petroleum Institute
• “A Well organized and informative conference!”
  ~ PetroVietnam
• “I got to know more about the new progress has been made by the relevant CBM companies’ through out the world.”
  ~ China United CBM
• “Good CBM conference – A new Approach.”
  ~ Tolaram Group
• “The Conference was good and I got much information which is definitely useful our company in developing CBM projects.”
  ~ VICO Indonesia
• “Excellent overall, wide range of topics covered”
  ~ BP
• “Excellent CBM Conference”
  ~ Eksindo Petroleum
• “If you need one stop for all your needs for Asian CBM, this is the stop.”
  ~ McLaren Resources
• “Wide coverage of subject relevant to CBM/CMM project, worth considering upfront.”
  ~ Shell China E&P
• “Plenty of new information and updates from CBM/CMM sector.”
  ~ Philippine Department of Energy

CMT’s CBM World conference has established itself as the most important event dedicated to Coal Bed Methane in Asia & the World. It is no surprise then that 2009’s 2nd CBM World conference is expected to be the bigger.

If you are already an established stakeholder in CBM, a new entrant or are potentially looking to invest in the industry, you really can’t afford to miss this event. The quality of our speakers, delivering relevant & up-to-date information in 20 critical sessions, ensures optimum benefits for all participants!

2nd CBM World will be bigger, better and more action packed so make sure you confirm your participation right now by >>Clicking Here<<

And in the mean time, watch this space as we bring you the latest on 2nd CBM World and key coal bed methane developments worldwide.