Dart to quit E. Kalimantan CBM blocks
Wednesday, December 4 2013 - 01:40 AM WIB
Australian CBM developer Dart Energy Limited is seeking to quit two assets in East Kalimantan.
The company said in a recent presentation filed with the ASX that it was seeking for exits, sales or farm out of its ?non-core assets? in Europe, Australia, India and Indonesia.
Dart has 100 percent interest in Bontang Bengalon CBM PSC block with drilling scheduled in 2014 and 24 percent in Sangatta West CBM PSC .
Dart is refocusing its focus to UK after French giant GDF Suez farmed-in the company.
The company, however, plans to retain its two interest in South Sumatra CBM blocks, namely Muralim PSC and Muara Enim PSC, where it has 50 percent and 45 percent interest respectively. The company said that the focus for the two operated blocks is to establish commerciality by fulfilling commitment drilling and secure offtake.
Editing by Reiner Simanjuntak