![Dart Energy (ASX:DTE) Shares to Trade on Thursday](http://media.abnnewswire.net/topimg/en/63348_01_h.jpg)
Dart Energy (ASX:DTE) Shares to Trade on Thursday
Sydney, July 20, 2010 AEST (ABN Newswire) - Shares in Dart Energy Ltd (
ASX:DTE) are scheduled to commence trading Thursday on a deferred settlement basis on ASX, with up to 367 million shares on issue.
Dart, a demerged entity of Arrow Energy (
ASX:AOE), now control Arrow's six international assets, including Arrow's former coal seam gas (CSG) exploration interests in China, Indonesia and Vietnam, as well as interests in Bow Energy (
ASX:BOW), Apollo Gas (
ASX:AZO) and LNG International, and farm-in rights to Apollo's tenements in NSW.
Federal Court's approval of Arrow's Dart spin-off has paved the way for the A$3.4 billion joint takeover of Arrow by Shell (
LON:RDSA) and PetroChina (
SHA:601857) (
HKG:0857).
Dart expects to seek about A$75 million, partly by institutional placement at the time of listing and partly by way of an additional capital raising.
Contact
Michelle Liang
Asia Business News Asia Bureau
Tel: +61-2-9247-4344
Email: michelle.liang@abnnewswire.net
| ||
|