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DTE Dart Energy - Coal Seam Gas


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 Fife.
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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 million.

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 years.

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 prices.
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Fracking firm to drill on former explosives site

2014-04-04 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 local MP.

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."

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Coal-bed plan blocked

4 Dec 2013 D
aily 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 Falkirk.

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 area.”

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 drilling.

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 Plean.
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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 35,000 kilometers.
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.
Dart Energy
Registered Office Address
Level 9, Waterfront Place,
1 Eagle Street,
BRISBANE, QLD,
AUSTRALIA, 4000
Head Office Telephone
07 3149 2100
http://www.dartenergy.com.au
Mr Nick Davies (Non Exec. Chairman)
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 GDF SUEZ
Dart Energy announced they completed the farm-out agreement relating to thirteen of its U.K. licences with GDF SUEZ E&P UK Ltd.

The company has received US$12m in cash consideration payable on completion.

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 185,186,187,188,189,147 & EXL273 in the west and PEDLs 012, 146, 200, 207, 210 & EXL288 in the east.

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 (Company) board.
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.
Rob Neale


Dart Energy 2 year chart, dated 18 November 2013.

 

 

 




 

 

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