PACIFIC ASIA CHINA ENERGY INC. (PACE) (TSX- PCE.V ; OTC:BB -- PCEEF)) is a Canadian based resource company specializing in the strategic development of coalbed methane projects in China, as well as CBM drilling and coal degasification through its 50% owned subsidiary, PACE MITCHELL DRILLING CORP. PACE is the first Canadian company to explore for and develop coalbed methane resources in China. The Company holds two Production Sharing Contracts with the state-owned China United Coalbed Methane Company (CUCBM). PACE's primary project is the 970 km 2 Baotian-Qingshan Property (known as the Guizhou CBM Project in the Company's press releases): (PACE 60% CUCBM 40%).
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