Dart Energy completes UK Farm-out Agreement with Total

Dart Energy has completed the Farm-out Agreement with Total E&P UK Limited in respect of UK Onshore Petroleum Exploration and Development Licences PEDL139 and PEDL140.

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.

ASX announcement in full ›

Posted in Client news, Dart Energy

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