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CBM Asia Development Corp Up More Than 50%, Hits New Yr High Ahead of Conference Call & Live Web Cast

CBM Asia Development Corp (TCF.V) is up more than 50% and has hit a new year high of 59 cents with more than 6.5 million shares traded.

Management will host a conference call and live webcast for analysts and investors on Thursday, May 12, 2011 at 10:00 a.m. Pacific Daylight Time (1:00 p.m. Eastern Daylight Time) to discuss recent well testing results and the outlook for the company's coalbed methane business in Indonesia.

CBM Asia Development Corp. is a Canadian-based unconventional gas company with significant coalbed methane exploration and development opportunities in Indonesia.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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