Dart Energy - The Road to Disaster
July 22, 2010 - Australia’s newest coal seam gas listing Dart Energy makes its market debut today, but analysts are fearful that the new company may struggle to retain support in its early days.
February 28, 2011 - Dart Energy will acquire the 90 per cent of Composite Energy it does not already own for $US46.7 million via the issue of 35.9 million shares.
April 19, 2011 - Global coal seam gas play Dart Energy is borrowing from shareholders for $100 million in a bigger-than-expected equity raising to tide it through until it can declare commercial reserves and start up early production.
November 30, 2011 - Coal seam gas explorer Dart Energy has narrowly avoided incurring a “strike” over executive pay after major shareholders objected to options for directors.
December 23, 2011 - Dart Energy has restructured its UK and Chinese interests, boosting control over assets but meaning it will also wear more of the financial burden of development.
December 28, 2011 - Junior gas explorer Dart Energy has agreed to acquire all of the unconventional gas assets of UK-based coal bed methane explorer Greenpark Energy for $42 million.