Dart Energy Buys UK Gas Assets For A$42 Million
December 27 2011 - 5:43PM
Dow Jones News
Coal seam gas company Dart Energy Ltd. (DTE.AU) said Wednesday
that it will acquire 22 onshore gas licenses in the U.K. from
Greenpark Energy Ltd. for A$42 million.
Dart said the assets have coal seam gas and shale gas potential.
The Australian company has also secured an option over
unconventional gas licenses held by Greenpark in Poland and
Spain.
The acquisition will be funded by cash and shares, Dart said in
a statement, and comes after Dart last week agreed to buy out joint
venture partner BG Group PLC (BG.LN) from 14 coal seam gas licenses
in the U.K.
-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692;
Ross.Kelly@dowjones.com
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