Singapore (Head Office)
T+65 6508 9840 F+65 6294 6904
152 Beach Road, #19-03/04 The Gateway East
Singapore 189721
Brisbane (Registered Office)
T+61 7 3149 2100 F+61 7 3149 2101
Level 9, Waterfront Place, 1 Eagle Street,
Brisbane Qld 4000, Australia
GPO Box 3120, Brisbane Qld 4001,
dartgas.com ASX CODE DTE ABN 21 122 588 505
4 February 2014 Completion of UK Farm-Out with Total E&P UK Ltd
Dart Energy (ASX:DTE) is pleased to announce that the Farm-out Agreement with Total E&P UK Limited ("Total UK") in respect of UK Onshore Petroleum Exploration and Development Licences PEDL139 and PEDL140 has completed. Consequent on completion, Dart Energy now holds a 17.5% interest in both licences, and will receive US$1 million in cash consideration.
Work has now commenced on seismic acquisition and planning, which will be necessary for drilling of shale exploration wells on these licences in due course.
The interests in PEDL139/140 are:
Total E&P UK Limited : | 40.0% |
GP Energy Limited (a subsidiary of Dart Energy) : | 17.5% |
Egdon Resources U.K. Limited : | 14.5% |
Island Gas Limited (the Operator) : | 14.5% |
eCORP Oil & Gas UK Limited : | 13.5% |
For and on behalf of the Board
Paul Marshall, Company Secretary
John McGoldrick | Chief Executive Officer | Tel: | +65 6508 9844 |
Eytan Uliel | Chief Financial Officer | Tel: | +44 7500 534466 |
Media enquiries contact:
Peter Reilly Vigo Communications Tel: +44 207 016 9571
Singapore (Head Office)
T+65 6508 9840 F+65 6294 6904
152 Beach Road,#19-03/04 The Gateway East
Singapore 189721
Brisbane (Registered Office)
T+617 3149 2100 F+617 3149 2101
Level9,Waterfront Piace, Eagle Street, Brisbane Qld 4000,Australia
GPO Box3120,Brisbane Qld 4001,
dartgas.com ASX CODE DTE ABN 21122 588 505
legend:
Licence Blocks:
IOl'J PEOL139 & PEOL140
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