News

February 16, 2009

Admiral Bay Resources Continues to Ramp Up Production On Its US CBM Projects

The last time we reported on Toronto listed Admiral Bay Resources, which is exploiting coal bed methane (CBM) gas in US Cherokee Basin in eastern Kansas and in the Appalachian Basin in Pennsylvania, we said it was seriously ramping up production in these areas.

In its results covering the quarter ended October 31, 2008, average daily production reached 3.18 million cubic feet of gas per day before royalties, marking a jump of over 60 per cent on the same quarter the previous year, and 10 per cent more on the previous quarter.

President Steve Tedesco said that the then record production highlighted progress the company was making across all its project areas. He portended that output would quickly reach 4 million cfpd and he has been as good...