CBM Asia Announces Gross Acquisition Costs of USD 4.14/Acre (Including Extensions) at its Two New Majority-Operated Coalbed Methane PSCs in Indonesia

CBM Asia Development Corp. ("CBM Asia" or the "Company") (TSX.V: TCF) (US: CBMDF) (FWB: IY2) reports that further to its news release of September 19, 2011, wherein the Company announced the acquisition of majority operating interest in two coalbed methane production sharing contracts ("PSC") in Indonesia, the Hulu and Bentian Besar PSCs, the Company updates its reimbursement terms with the vendors. Under its agreements, CBM Asia will reimburse each vendor for certain direct and other ...continued CBMDF TCF:CA  Financial

URL: http://www.investorpoint.com/news/OTCBULLB/46588550/