CBM Asia was initially incorporated under the name “Infinity Alliance Ventures Inc.” on April 26, 2006 pursuant to the Business Corporations Act (British Columbia). Effective November 18, 2008, we changed our name to “CBM Asia Development Corp.”
As of December 31, 2010, we had one wholly-owned subsidiary, CBM OPS, which we acquired pursuant to a reverse take-over.
CBM-OPS was incorporated on August 29, 2006 under the BCBCA under the name "0767348 B.C. Ltd." On September 29, 2006, it changed its name to “CBM Asia Exploration Corp.” and, effective May 29, 2007, again changed its name to “CBM Asia Development Corp.” On November 18, 2008, its name was changed to “CBM Asia Operations Corp.”
Subsequent to December 31, 2010, we formed two additional wholly-owned subsidiaries, being CBM Asia Hulu Ltd. and CBM Asia Besar Ltd., both incorporated under the laws of the British Virgin Islands. CBM Asia Hulu Ltd. was incorporated on August 23, 2011 to hold our interest in the Hulu PSC pursuant to the Hulu Participation Agreement. CBM Asia Besar Ltd. was incorporated on August 23, 2011 to hold our interest in the Bentian Besar PSC pursuant to the Bentian Besar Participation Agreement.
The following chart illustrates our intercorporate relationships with our subsidiaries as of February 15, 2012