RE: RE: RE: ALMOST Bob Moriarty: US Energy Self-Sufficiency Nothing But 'Feel-Good BS'
Source: JT Long of The Energy Report (4/30/13)
"I have been following two developments in Indonesia and New Zealand closely. The first is coal-bed methane in Indonesia. Indonesia has encouraged the production of oil and natural gas, but discouraged production of coal-bed methane. Now, Indonesia no longer exports oil and it ships enormous amounts of coal to China. As a result, in the last three to four years, Indonesia has started realizing it needs to encourage production of its coal-bed methane. There are a lot of companies working over there. Coal-bed methane is not on the radar screens of most energy investors, but Indonesia is one of the new frontiers for it."
TER: How can investors get involved in coal-bed methane?
BM: "I have owned shares in CBM Asia Development Corp. (TCF:TSX.V) for four years. It has about 160M shares outstanding; 250M shares fully diluted. It has already found 1 trillion cubic feet (1 Tcf) gas. In Canada or the U.S., that 1 Tcf gas would be worth $200–500M. The company has a market cap of about $27M. It is in the middle of raising money to drill, which has driven the stock price down to $0.16. If it were operating in Canada, it would be a $500M company."