EQS-News: International Standard Resources Asserts CBM Potential at Shenzhen Roadshow

April 28, 2015 4:13 AM EDT | Source: EQS Group AG - DGAP


(Newsfile Corp. - April 28, 2015) -
(EQS-News / 10/04/2015 / 10:29 UTC+8)

International Standard Resources asserts CBM potential at Shenzhen Roadshow

April 10, 2015
PRESS RELEASE

Shenzhen, China - Hong Kong listed company ISR, International Standard Resources Holdings Limited (HKEx Stock Code: 91), is holding a roadshow event today at Futian Shangri-La Hotel, Shenzhen to promote the company's prospect on its CBM (Coal Bed Methane) business in China.

At this roadshow, ISR will address the rewards and challenges faced by the company's CBM operations; investors, technical experts, financial intermediates, and equity analysts are cordially invited to review the company's future strategy, as a large portion of the contract area, namely Su Nan, is still open to upside potential against further CBM reserve approval by the government officials.

Back in June 4, 2014 the government approved a CBM reserve of 3.158 billion cubic meters in Lu Ling, an area jointly developed by ISR and China United CBM for its natural gas content. ISR controls 70% of the CBM in the contract area, which is 567.843 square kilometers in size in Anhui province. Upon this exciting news, the share price of the company (HKEx Stock Code: 91) has climbed more than 300% as of date.

About International Standard Resources
International Standard Resources Holdings Limited (ISR) is a public company listed in Hong Kong (HKEx Stock Code: 91). ISR has a 70% controlling stake in a CBM Production Sharing Contract with CUCBM concerning an area of 567.843 square kilometers in Anhui Province, China. The 30-year contract is valid until year 2038.

About China United CBM
State-owned China United CBM (CUCBM) was established in 1996 with the cooperation of the Ministry of Geology and Mineral Resources, the Ministry of Coal Industry, and the China National Petroleum Corporation to more effectively develop China's vast CBM resources. CNOOC has a controlling stake of 70% on CUCBM as of date.

Contact
To learn more about this press release, please contact:

Charles Chau
Head of Investor Relations

Unit E, 29th Floor
Tower B, Billion Centre
1 Wang Kwong Road
Kowloon Bay, Hong Kong

Office: +852 2802 0006
Email: charles.chau@isrhl.com



End of Press Release

+++++


Document: http://n.equitystory.com/c/fncls.ssp?u=LTRNSLAUUU
Document title: International Standard Resources Asserts CBM Potential at Shenzhen Roadshow

Key word(s): Market launch

10/04/2015 UTC+8 Dissemination of a Press Release, transmitted by EQS TodayIR - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Media archive at www.todayir.com

342865  10/04/2015 UTC+8
info