Following the company restructure of Dart Energy, April 2013, the focus going forward will be on the UK assets, specifically the commercialisation of CBM resources in both PEDL 133 and PEDL 159 along with joint ventures to explore and appraise the shale gas position Dart Energy holds in England. This vision follows support shown by UK government with policy now in place to support unconventional gas development.
PEDL 133 - Airth
In PEDL 133 work has been done to establish reservoir performance with the following successes: 1st electricity from CBM in Scotland 1st commercial gas flow-rate in Europe >0.8 Mscf/d per well Capacity to flow >1 Mscf/d per well 1st independently assessed proven reserves for unconventional in Europe Development of these successes in PEDL 133 has allowed the following work:
Further development and production drilling underway Field development plan in place Planning Application in progress – approval anticipated in 2013 First gas sales scheduled for 2014
PEDL 159 – Canonbie In PEDL 159 work has been done to establish reservoir performance with the following successes: Good gas flows from early appraisal wells >0.2Mscf/d from a short single seam section Development of these successes in PEDL 159 has allowed the following work:
Pilot production wells and testing planned for 2013 using proven drilling techniques used in PEDL 133 100% Dart Energy working interest provides opportunity to form JV partnership to secure funding and business synergy Actively seeking appropriate partner(s) to develop the licence
UK Shale – Bowland Basin (England)
Dart Energy holds a substantial acreage position in the most exciting shale gas play in the UK, the Bowland Basin. With government policy in place supporting unconventional gas development, with specific mention to shale gas exploration and production, Dart Energy is looking to develop its shale gas assets.
Bowland shale assets development information:
Flow-rates have been demonstrated; activity underway across the basin to establish commerciality Dart Energy is one or three operators with significant position over the Basin, holding the largest acreage position Dart Energy has independent assessment of gas-in-place up to 110 TCF Typically 100% Dart Energy working interest provides opportunity to form JV partnership to secure funding and business synergy Actively seeking appropriate partner(s) to develop the Bowland shale gas position