Dart Energy updates Indonesia CBM ops

The following is an excerpt taken from Australian-listed CBM developer Dart Energy?s quarterly report ended March 31, 2013, which was published on Tuesday.

South Sumatra Projects (Tanjung Enim and Muralim CSG projects)

These projects are now considered to be the Company?s key focus in Asia

Initial unstimulated production testing was carried out on two of the three previously completed pilot wells during the quarter. The results were in line with the expectations and validated that there are moveable hydrocarbons within the reservoir. Further production testing will be undertaken on the other previously completed well as well as additional pilot wells using stimulation to establish flow rates and ascertain commerciality.

The results of two exploration wells drilled in Muralim licence area have been analysed and indicate commercial production potential. The well design allows for these wells to be converted to pilot wells. Dart Energy expects to undertake simulation and production testing on these wells in the later part of 2013.

East Kalimantan (Sangatta West and Bontang Bengalon CSG projects)

An additional pilot well was drilled during the quarter. The well intersected over 32 metres of net coal and gas shows observed on mud log. Preparations are underway to undertake permeability testing before putting the well on production testing. (end of excerpt)

Project	Work to Date	Future Work
Tanjung Enim & Muralim	4 core wells and 3 pilot wells completed	Drilling of additional pilot wells to increase independent reserve certifications
South Sumatra	Resources independently certified	Production testing
		Independent reserves certifications
		Field development planning