Longmen Group – Coal Bed Methane
Longmen is presently drilling and proving its coal bed methane (CBM)reserves in China, principally close to Hancheng, Shaan Mei and Qianyang. CBM is relatively pure methane that exists within the coal seams which is extracted via gas wells, leaving the coal seam in place. CBM has a significantly smaller environmental foot-print than mining in addition the methane is a cleaner fuel than coal. Longmen is a sustainable high growth unconventional gas producer in that has significant gas reserves that are close to market and are rich in gas as well as Production Sharing Contracts with China United Coalbed Methane Company, CUCBM.
Initial seismic surveys, core samples and testing have confirmed the probable reserves and Longmen has successfully started a drilling program to prove the reserves and start the extraction.