People & Business :: M&A
IGas acquisition will create largest UK shale gas explorer
11:08 AM MDT | May 12, 2014 | Francinia Protti-Alvarez
IGas (London), a shale gas explorer, has acquired Dart Energy (Singapore) for about A$211.5 million ($198 million), IGas says. The combination of IGas and Dart will create a market-leading, onshore UK oil and gas company with the largest area under license in the United Kingdom, more than 1 million net acres, including major UK shale basins, IGas says. The enlarged group will be approximately 30.5% owned by the current Dart shareholders on a fully diluted basis. IGas operates the United Kingdom's only coal-bed methane (CBM) pilot site at Warrington, and the...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee