Dart and UK-listed Fortune Oil jointly own Fortune Liulin Gas (FLG), which has a 50% stake in the Liulin CBM production sharing contract – the other half owned by CNOOC and China Coal joint venture China United Coal Bed Methane (CUCBM).
In an announcement to the Australian Securities Exchange, Dart said gas production rates at multilateral horizontal wells H3, H4 and H5, drilled on the project in 2011, were steadily increasing following the completion of the desorption phase of production testing.
Drilling