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Dart Energy Completes Acquisition of Apollo Gas

Source: www.gulfoilandgas.com 2/8/2011, Location: Not categorized

Global coal seam gas company Dart Energy Limited is pleased to announce that all formalities related to the compulsory acquisition process for Apollo Gas Limited (Apollo) have been completed, such that Apollo is a 100% owned subsidiary of Dart.

Dart CEO and Managing Director, Simon Potter said: "We are pleased to have fully completed the Apollo takeover, and are already well advanced in terms of initiating work on the Apollo assets, and fully integrating Apollo in to the broader Dart business and team. Our 2011 drilling campaign in Australia will see work across the Apollo portfolio, and the first well has already been spudded on PEL 459".

To the extent not already done, Dart shares will be issued to Apollo security-holders subject to compulsory acquisition upon those Apollo security-holders returning the claim forms previously despatched.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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