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    Dart Energy Gets Funds for CBM Projects

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Summary

Dart Energy International Pte Ltd has executed agreements for a $100 million senior secured reserves based lending facility with Hong Kong and Shanghai Banking Corporation Limited, Singapore Branch to provide development funding for Dart Energy International’s near term development projects.

by: Shardul

Posted in:

Asia/Oceania

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Dart Energy Gets Funds for CBM Projects

Dart Energy International Pte Ltd has executed agreements for a $100 million senior secured reserves based lending facility with Hong Kong and Shanghai Banking Corporation Limited, Singapore Branch to provide development funding for Dart Energy International’s near term development projects.

The company will immediate get a working capital funding of up to $10 million and up to a further $90 million over the next two years to fund development of certain advanced projects in Dart Energy International’s portfolio. Initially, the projects are PEDL 133 (U.K.), Liulin (China) and Sangatta West (Indonesia).

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