TCF

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS
AGENCIES


Following the announcement in regard to the development plans of the Kutai West
PSC (April 4, 2014), CBM Asia Development Corp. ("CBM Asia" or the "Company")
(TSX VENTURE:TCF)(US:CBMDF)(FRANKFURT:IY2) announces an update on coalbed
methane production operations at the block, where the Company holds 705 Bcf of
net prospective recoverable resources.(1) The Company also announces the
resignation of board member Adam Clarke and the return of Keith Potter to his
former position as General Manager, Indonesia.


During the past few weeks the KW-CBM01 well at Kutai West has been undergoing
initial production testing. Operator Newton Energy has installed a progressive
cavity pump in the well and is adjusting pump rates and position to optimize
dewatering and gas production. Although the well is an isolated CBM test and at
a very early stage of dewatering, already gas rates of 16 Mcfd have been
measured. This confirms earlier testing which indicated a high degree of gas
saturation. The longer term plan is to drill four new wells surrounding the
KW-CBM01 well for improved dewatering and higher gas production. 


Our plan at Kutai West is similar to what VICO Indonesia has already
accomplished at two CBM pilots in the adjacent Sanga-Sanga PSC, where commercial
production has been underway for three years. VICO, the joint-venture between BP
and ENI, recently announced plans to drill 20 additional CBM wells at
Sanga-Sanga to provide more gas supply for the Bontang LNG export facility.


Separately, consistent with the Company's ongoing cost cutting measures,
director Adam Clarke has resigned from all management and board positions.
However, Mr. Clarke remains available to the Company on a consulting basis
during the ongoing capital raise. The Company gratefully recognizes the many
contributions Mr. Clarke has made during his past three years of service. In
Jakarta, Mr. Keith Potter stepped down as the company's VP Operations, but
continues in his duties as General Manager Indonesia.


ABOUT CBM ASIA DEVELOPMENT CORP.

CBM Asia Development Corp. is a Canadian-based unconventional gas company with
significant coalbed methane ("CBM") exploration and development opportunities in
Indonesia. The Company holds various participating interests in five production
sharing contracts (each a "PSC") for CBM in Indonesia. Indonesia has one of the
largest CBM resources in the world with a potential 453 trillion feet3 in-place,
more than double the country's natural gas reserves (Stevens and Hadiyanto,
2004). Since 2008 a total of 54 CBM PSCs have been granted by the Government of
Indonesia, representing exploration commitments of well over US$100 million
during the next 3 years. In addition to CBM Asia, other companies active in CBM
exploration in Indonesia include BP, Dart Energy, ENI, Medco, Santos, and TOTAL.
BP, ENI, and the Indonesian government have confirmed that commercial CBM
production started in March 2011 from the Sanga-Sanga PSC and is being exported
from the Bontang LNG facility. The Company trades on the TSX Venture Exchange
under the symbol "TCF". www.cbmasia.ca




ON BEHALF OF CBM ASIA DEVELOPMENT CORP.                                     
                                                                            
"Charles W. Bloomquist"                                                     
                                                                            
President and CEO                                                           



Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


This news release contains forward-looking statements, which relate to future
events or future performance and reflect management's current expectations and
assumptions. Such forward-looking statements reflect management's current
beliefs and are based on assumptions made by and information currently available
to the Company. Readers are cautioned that these forward looking statements are
neither promises nor guarantees, and are subject to risks and uncertainties that
may cause future results to differ materially from those expected. The economics
of exploring, developing and operating resource properties are affected by many
factors including, but not limited to, the cost of exploration and development
operations, conclusions of economic evaluations, unexpected formations or
pressures, premature declines in reserves, potential environmental damage,
blow-outs, fires, variations in the amount and saturation of CBM contained in
individual coal seams and the rate of production therefrom, fluctuations in gas
prices and the availability of capital. There are no assurances that the
Company's work programs will result in the discovery of commercially viable or
economically producible properties or that the Company will be successful in
completing the Offering in whole or in part. Gas in place estimates referred to
in this news release are not NI 51-101 compliant and do not represent
"discovered petroleum initially-in-place" within the meaning of the Canadian Oil
& Gas Evaluation Handbook (COGE Handbook). The term "discovered petroleum
initially-in-place" is equivalent to discovered resources, and is defined in the
COGE Handbook to mean that quantity of petroleum that is estimated, as of a
given date, to be contained in known accumulations prior to production. There
are no assurances that any portion of the estimated gas in place resources
referred to herein will be discovered. Furthermore, such estimates make no
allowance for the recovery of the gas which will depend on, among other things,
the reservoir characteristics encountered and future economic conditions. All of
the forward-looking statements made in this news release are qualified by these
cautionary statements and those made in our Canadian continuous disclosure
filings available on SEDAR at www.sedar.com including our December 31, 2012 year
end annual MD&A dated April 24, 2013 and June 30, 2013 interim MD&A dated August
20, 2013. These forward-looking statements are made as of the date hereof and
the Company does not assume any obligation to update or revise them to reflect
new events or circumstances save as required under applicable securities
legislation. 


THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION
TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT
CONSTITUTE AN OFFER TO SELL SECURITIES AND THE COMPANY IS NOT SOLICITING AN
OFFER TO BUY THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN
REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY
STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO
U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.




                                                                            
------------                                                                
(1) NI 51-101 compliant resource audit conducted by NSAI in January 2013    



FOR FURTHER INFORMATION PLEASE CONTACT: 
CBM Asia Development Corp.
Charles Bloomquist
Email corpcom@cbmasia.ca


CBM Asia Development Corp.
404-815 Hornby Street
Vancouver, BC, V6Z 2E6
T.604.684.2340 / TF.866.504.4755
604.684.2474 (FAX)
www.cbmasia.ca


Investor Relations
Micro Cap et al
1 877 642 7622
info@microcapetal.com

(TSXV:TCF)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

(TSXV:TCF)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024