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DTE Dartenergy Fpo

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Share Name	Share Symbol	Market	Type
Dartenergy Fpo	ASX:DTE	Australian Stock Exchange	Ordinary Share

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%							0.00	-

Dart Energy Buys UK Gas Assets For A$42 Million

27/12/2011 11:43pm

Dow Jones News

Dartenergy Fpo (ASX:DTE)
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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