Dart Energy Limited
News
Buccaneer Energy Limited (ASX:BCC) advises that it has scheduled a shareholders' meeting on 2 July 2013 to consider resolutions pursuant to a notice received on 2 May 2013 by the Company under section 249D of the Corporations Act.
Dart Energy Limited (ASX:DTE) has commenced drilling activities at the Dajing project in Xinjiang Province, China, with the spudding of the first two exploration wells (DJD-02E and DJD-10E). This is part of an initial exploration program which will see a total of up to 14 exploration wells drilled prior to year end, and assuming no program delays, Dart would expect first core drilling results to be available in the first quarter of 2012.
Dart Energy Limited (ASX:DTE) will undertake a substantial restructure, including a proposed listing of its international portfolio of coal bed methane ("CBM") assets on the Singapore Stock Exchange, to provide a platform for future growth and to unlock shareholder value.
Dart Energy Limited (ASX:DTE) has entered into an agreement with Clarke Energy (Australia) Pty Ltd (Clarke Energy) under which Clarke Energy will provide services to Dart Energy that deliver economic and schedule benefits resulting in early first power and hence monetisation with respect to the development of small to mid-scale gas fired power generation projects in NSW.
Dart Energy Limited (ASX:DTE) provides the following update on proposed operational activities for 2011-2012 for its coal seam gas (CSG) assets in New South Wales, Australia.
Dart Energy Limited (ASX:DTE) today announces the signing of a Gas Sales Agreement (GSA) in respect of the PEDL 133 coal bed methane project in Scotland.
Dart Energy Limited (ASX:DTE) CEO Simon Potter discusses company strategic outlook with Open Briefing(R).
Dart Energy Limited (ASX:DTE) today announced an initial independent reserve certification for PEDL 133 in Scotland. The reserve certification, undertaken by Netherland Sewell & Associates, Inc (NSAI) estimated 2P reserves of 43 BCF and 3P reserves of 81 BCF (net to Dart). Dart understands that this to be among the first, and most sizable, CBM reserves certifications in Europe to date.
Dart Energy Limited (ASX:DTE) today completed the issue of new shares pursuant to the recent entitlement offer, the retail component of which was settled on Friday, 20 May 2011. New shares issued will begin trading on the ASX on Tuesday, 24 May 2011. Dart expects to complete between 50 - 60 wells across the portfolio during 2011, or approximately half of the aggregate 109 well program identified for the next 12 - 18 months during the recent capital raising.
On 18 April 2011, Dart Energy Limited (ASX:DTE) announced a fully underwritten accelerated non-renounceable entitlement offer (Entitlement Offer) to raise approximately A$100 million, comprising an Institutional Entitlement Offer and a Retail Entitlement Offer. The Institutional Entitlement Offer was successfully completed on 20 April 2011, raising approximately A$54 million.
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