Dart Energy updates Indonesia CBM ops

The following is an excerpt taken from Dart Energy quarterly report ended 30 September 2010 released on Friday

TANJUNG ENIM CBM PSC (South Sumatra, 45% interest)
All permits for Tanjung Enim core drilling have been secured and a revised work program and budget approved by the Tanjung Enim Operating Committee and The Indonesian regulator. Drilling rig contracting, materials procurement and securing land access were progressed during the quarter but remain on the critical path for commencing operations.

The first coring well is expected to be spudded in early 2011 though final timing will be dependant on rig availability. The main commercial aspects of the Joint Operating Agreement for the Tanjung Enim PSC was finalised during the period, and the parties are now readying the JOA for signing.

SANGATTA WEST CBM PSC (East Kalimantan, 24% interest)
During the quarter, the Sangatta West work program and budget for the balance of the 2010 pilot drilling campaign (four pilot wells) was approved by both the Sangatta West Operating Committee and the Indonesian regulators. Drilling rig and material procurement. land access and completion design for pilot wells were all progressed in the period and are close to being finalised.

The first pilot well is expected to be spudded by the end of 2010. subject to rig ancillary equipment availability and the rig being mobilised to site. (end of excerpt)