Dart Energy, BG Agree To Restructure European Business
December 22 2011 - 5:40PM
Dow Jones News
Dart Energy Ltd. (DTE.AU) said Friday it has agreed to buy out
joint venture partner BG Group PLC (BG.LN) from 14 coal seam gas
licenses in the U.K., increasing its net prospective resource in
the country to around 5.2 trillion cubic feet.
Dart said in a statement it has agreed initial terms to sell gas
to BG from any developments in the U.K. tenements, and also has a
three-month option to acquire two licenses wholly owned by BG in
Germany for no extra cost.
-By David Winning, Dow Jones Newswires; +61-2-82724688;
david.winning@dowjones.com
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