News

January 13, 2009

Admiral Bay Resources Cranks Up The Numbers On Its US CBM Projects

Toronto-listed Admiral Bay Resources confirmed recent progress on its US gas projects last week reporting record production in its latest quarterly announcement.

The company is exploiting coal bed methane (CBM) gas resources in the Cherokee Basin in eastern Kansas and in the Appalachian Basin in Pennsylvania.

When Oilbarrel.com last reported on the company back in December the message then was the same: that production was up, both on a monthly basis, and for the full fiscal year to end-July 2008.

Though share prices still lag way behind the lofty levels achieved last year there is little more an E&P company can do than this....