14 June 2012 12:32 [Source: ICIS news]
SINGAPORE (ICIS)--Australia-listed Dart Energy is expected to achieve commercial production and sales of coal bed methane (CBM) from its Liulin project in ?xml:namespace>
The Liulin block is operated by Fortune Liulin Gas (FLG), in which Dart Energy and Fortune Oil each owns a 50% stake.
The block is producing over 500,000 cubic feet/day of CBM currently and the output will increase in the coming months as the operator is taking measures to boost production, according to a statement from Dart Energy.
Under the existing gas sales agreement, FLG has the potential to receive approximately $4.1m/year (€3.3m/year) of revenue from the block starting from July next year, it said.
($1 = €0.80)
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