CBM Asia Development Corp.'s strategic goal is to acquire, through joint ventures, farm-ins and PSC applications, a significant land position in Indonesia's rapidly emerging coalbed methane industry with the potential to yield 10-15 Tcf of net recoverable resources. The Company believes that Indonesia's CBM industry continues to provide a unique investment opportunity. Acreage acquisition costs remain low at USD 4.88/acre, based on CBM Asia's actual costs to date, whereas finding costs are some of the least expensive worldwide. The company currently has interests in four PSCs (two of which are majority controlled and operated) and one PSC application (majority controlled and operated). The company's net acreage position is approximately 4,392 km2 (1,084,872 acres), including the pending Hulu PSC and Bentian Baser PSC area extensions. The company is optimistic its current position can provide a substantial portion of its recoverable resource target. The company announced an NI 51-101 compliant recoverable unrisked gross prospective resource (best estimate) of 1.06 Tcf at the Sekayu PSC; net 254 Bcf to the company. This interest represents a net area of approximately 139 km2 (34,400 acres) or less than 3.2% of the Total Net Acreage.