Monday, 21 May 2012

Where will Dart drill in Sydney?

While speculation mounts on where Dart Energy will drill for coal seam gas in Sydney, the UK Government rejects shale gas as a solution to Britain’s energy crisis and Dart’s shares drop to 19.5 cents.

Although Dart Energy has confirmed that it will not be drilling in St Peters it has, according to its Quarterly Activities Report on, ‘undertaken a land use study of the PEL 463 Cumberland area to identify areas appropriate for CSG exploration and which can demonstrate long term benefits for existing land uses through local energy production. The study identified a number of industrial areas where such benefits could be realised.’

These industrial areas could be anywhere within Dart's exploration licence, which covers an area from Coalcliff, near Wollongong, in the south up to Gosford in the north and west as far as Eastern Creek, near Blacktown.

Dart’s latest European Business Update says ‘Dart International has now successfully executed a European entry and consolidation strategy, emerging as a leading European CBM / shale gas business with one of the largest onshore licence holdings in the U.K’.

20 May, 2012
The Independent
UK Government backtracks on fracking

Ministers decide there is not enough gas under UK to justify controversial 'earthquake' drilling. The Government has rejected shale gas technology as a solution to Britain's energy crisis, conceding it will do little to cut bills or keep the lights on.

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