Natural Gas Assets' Should Make CBM a Solid Winner

Andrew Mickey, Prudent Investing (01/20/2010)
"I'm going to do it. I'm putting CBM Asia 'on the clock.' But I don't think it's going to matter. . .in a good way. Here's why. . .the company is actively working away on its Indonesian coal bed methane projects and the good news should start flowing over the next few months.

The company plans to drill six exploratory wells this year and there's almost no way the results will go unnoticed again. We know there's coal. The coal is permeable. And we're pretty sure there's methane (natural gas) in the coal.

The natural gas assets' value should make this a solid winner, but I'm expecting a lot more. So I'm willing to wait around for no longer than four more months on this. If it's going to go, it's going to go soon.

Don't get me wrong, there are still many reasons to really like CBM Asia. Frankly, I think it's worth 10X what it is now."

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