Dart Energy Defers International Asset IPO
May 28 2012 - 8:04PM
Dow Jones News
Coal seam gas producer Dart Energy Ltd. (DTE.AU) said Tuesday it
has deferred listing its international assets on the Singapore
Stock Exchange due to weak equities markets and a steep fall in its
share price.
Dart was created in 2010 when Arrow Energy's offshore assets
were spun out into a different company before Arrow Energy was
acquired by Royal Dutch Shell and PetroChina.
Dart still owns some Australian assets, largely in New South
Wales state, and has an international portfolio throughout Asia and
Europe. It was hoping to list the assets outside Australia in
Singapore by the end of the March this year.
The company's shares last traded at 20 cents. They peaked above
A$1.30 in October, 2010 after listing in July that year.
-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692;
Ross.Kelly@dowjones.com
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