Dart Energy Limited (ASX:DTE) is a publicly listed Australian company focused on the development of coal bed methane in eastern Australia and Asia. The company has established offices in Singapore, Australia, China, India, Indonesia and Vietnam servicing a diverse portfolio of quality projects, assets and opportunities. Our projects are predominantly located in energy constrained markets with large populations and high forecast demand growth resulting in high values for gas.Dart's assets include 90 percent ownership of Arrow Energy's former international business as well as stakes in listed ASX companies Bow Energy (1.4%), Apollo Gas (21.04%), and Liquefied Natural Gas (7.5%). The company also holds farm-in rights to two Apollo Gas exploration tenements located in New South Wales, Australia. Shell holds a 10 percent interest in Dart's international business.
The company's mission is to create value for shareholders and key stakeholders by developing coal bed methane resources around the world capable of rapid commercialisation. In turn, we will answer the world's call for cleaner, safer, more cost-effective energy solutions.
In the near term, we are squarely focused on progressing exploration activities on our existing portfolio of tenements with a view to achieving reserves certification, production and gas sales. In the longer term, our goal is secure additional exploration tenements in our existing countries of operation and in new geographies, particularly Europe and South Africa. The company has gross gas-in-place of 10.6 trillion cubic feet (TCF) across its signiticant acreage position and a proved and probable (2P) reserves target of 125 petajoules (PJ) by the end of 2011. First commercial gas sales are expected by 2012.
Dart has assembled a strong board and executive team who are not only recognised as leaders in the coal bed methane industry but also blend skills and experience in convent
