Dart Energy - ASX code DTE
Australian company Dart Energy is the leading
unconventional gas developer in Scotland. Dart’s flagship
development at Airth, near Falkirk,
Scotland faces strong community opposition and has been beset by
delays, and attracted 2,500 objections.
In June 2013 Dart appealed
their application for 22 new wells, a gas and water treatment
facility and a network of pipelines to the Scottish Government on
grounds of non-determination.
A Public Inquiry is expected to
start in early 2014. Dart also plan to drill for coalbed methane at
Canonbie, where the company has planning permission for wells at 19
sites; it also has a further two licenses to explore large areas in
Struggling Dart Energy agrees to merger
with Britain's IGas Energy
May 12, 2014
SMH - Dart Energy has abandoned hopes of emerging as a global player in
non-conventional gas, agreeing to a scrip merger from a UK operator that will
see it dump all its non-UK assets.
Dart has agreed to merge with IGas Energy, which is listed on London's secondary
AIM market, via a scheme of arrangement.
Dart shareholders will receive 0.08117 IGas shares for each Dart share held,
which values Dart shares at just 18.98˘ and the entire company at $211.5
Dart shares last traded at 12.5˘, a far cry from their levels above $1 three and
four years ago.
Agreeing to the merger will see longstanding Dart shareholders lose out
following a series of changes of strategy as the group has floundered in recent
Dart was spun out from Arrow Energy in 2010, when Arrow was bought by Shell.
Dart took the offshore assets of Arrow, which it bolstered by acquiring Apollo
Gas, giving it a suite of domestic assets. But the company has struggled, making
limited progress in developing its extensive asset portfolio despite high gas
Fracking firm to drill on former
theguardian - Dart Energy says the site is safe, but opponents warn of
unexploded bombs and incomplete safety tests
A leading fracking firm is to start drilling on the former site of a huge
explosive factory, in a decision described as "beyond comprehension" by the
Dart Energy, which is expected to begin drilling this weekend, says the site is
"absolutely" safe. But opponents say there is a risk of unexploded bombs and
that safety tests have not yet been completed. The revelations add to concerns
about the regulation of "unconventional" gas exploration in the UK, which has
seen deformed wells go unreported, planning rules breached and trespassing.
The 500-acre Royal Ordnance Factory Ranskill, near Daneshill Lakes in
Nottinghamshire, was one of three built to produce cordite during world war two.
Another explosive, RDX, was produced after the war and the site was broken up in
1975 and is now mostly woodland and farmland.
The original planning statement submitted for work on the site claimed "there
are no recorded past workings on the site". Dart Energy, which is working with
oil giant Total to exploit shale gas reserves elsewhere in the UK, says it does
not intend to frack at the Daneshill site but wants to use another
unconventional technique to extract gas from coal deposits.
"It is beyond comprehension that you would chose a former ordnance site for your
first drilling site," said John Mann, Labour MP for Bassetlaw. He told the
Guardian: "There needs to be a proper investigation of the risks of drilling on
the munitions site and that has not been done. All the authorities are passing
the buck on this."
Coal-bed plan blocked
4 Dec 2013
Record Stirling Council has voted
unanimously to oppose an application for coal bed methane extraction
in the region.
Dart Energy is taking its proposal to a public inquiry next year,
and wants to pump gas from a series of wells and boreholes at Airth
- three of which are in the Stirling area, with a further 11 in
Members of the council’s Planning and Regulation Panel all voted
against the planning application at a special meeting last Thursday.
Panel convenor Margaret Brisley said: “The panel has resolved to
oppose the granting of planning permission with regards to the
forthcoming appeal by Dart Energy.
“This decision was reached on the basis that there are outstanding
matters with regards environmental impact, and that the proposal is
contrary to planning policy in respect of cumulative impact on the
The plans will be heard by the Department of Environmental and
Planning Appeals next year.
Dart Energy has a licence from the Department of Energy and Climate
Change (DECC) giving it exclusive rights to certain areas of
Scotland - but would have to gain planning permission before
The licence covers most of Stirling and the surrounding areas
including Raploch, Cornton, Causewayhead, Riverside, Cambuskenneth,
Top of the Town, King’s Park, Braehead, Torbrex, Broomridge,
Borestone, Hillpark, Milton, Bannockburn, Fallin, Throsk, Cowie and
Dart Energy Limited
(Dart Energy) is an Australia-based exploration company focused on
the development of coal seam and shale gas throughout Australia,
Asia and Europe.
The Company is engaged in the principal activities, which includes
coal seam gas (CSG) (also known as coal bed methane gas (CBM)) and
shale gas exploration in Australia, Europe and Asia.
Dart Energy has 52 active licenses or projects throughout Australia,
Europe (United Kingdom, Belgium, Germany and Poland) and Asia
(Indonesia, India, China).
The Company’s assets, as of June 30, 2012, covered an area of over
As of June 30, 2012, the Company drilled 35 wells across Australia,
China, Indonesia, India, the United Kingdom and Poland.
As of June 30, 2012, the Company completed 15 core wells at Satpura
block in India. In April 2012, the Company acquired GP Energy
Limited, the subsidiary of Greenpark Energy Limited. As of June 30,
2012, the Company secured two licenses.
On September 16, 2013, the Company announced the completion of the
sale of its entire interest in Fortune Liulin Gas Ltd.
Registered Office Address
Level 9, Waterfront Place,
1 Eagle Street,
Head Office Telephone
07 3149 2100
|Mr Nick Davies (Non
Mr John McGoldrick (CEO)
Mr Stephen Bizzell (Non Exec. Director)
Mr Simon Poidevin OAM (Non Exec. Director)
Mr Shaun Scott (Non Exec. Director)
Mr Norrie Stanley (Non Exec. Director)
Mr Justin Walta (Chief Op. Officer)
Mr Eytan Uliel (CFO)
Mr Paul Marshall Company Secretary
Search the ASX website for company announcements from Dart Energy
Australian Stock Exchange Announcement
28 November 2013 Completion of UK Farm-Out with
Dart Energy announced they completed the farm-out agreement relating
to thirteen of its U.K. licences with GDF SUEZ E&P UK Ltd.
company has received US$12m in cash consideration payable on
Planning is now well advanced for the first phase of the work
program contemplated in the farm-out agreement, being the drilling
of coal bed methane exploration wells.
At the same time, the company
has commenced planning and seismic work which will be necessary to
the drilling of shale exploration wells in due course.
MAP: GDF SUEZ E&P UK FARM-IN LICENCES in BOWLAND BASIN
Licences to which GDF SUEZ E&P UK have farmed into are PEDLs
EXL273 in the west and PEDLs 012, 146, 200, 207, 210 & EXL288 in the
New Board and Chairman Appointed
26 November 2013 - Dear Dart Shareholders,
I am delighted to report to you that shareholders have today
approved changes to the composition of the Dart Energy Limited
We now have the excellent team of Shaun Scott, Stephen Lonie, Peter
Forbes and Cam Rathie and Rob Neale, who has been appointed as
Chairman of the Company, guiding the company.
Your new board is determined to get Dart Energy back on track. They
clearly have the necessary combination of skills, expertise,
experience and reputation to take over the reins at Dart Energy.
Your new Directors are currently undertaking a detailed review of
the company, the current strategy, and its operations in
consultation with the executive management team, key stakeholders,
and the external auditors. The board will keep shareholders updated
with any key developments and expect to make further announcements
over the course of that review.
I thank you for your interest in and support of Dart Energy.
Dart Energy 2 year chart, dated 18 November 2013.