City A.M: Shale gas explorer Dart Energy plans to float on London’s Aim
Dart Energy, one of the few companies that currently has licences to explore for shale gas in the UK, is planning to float on London’s Aim next month.
The firm, which is already listed on the Australian Securities Exchange, expects to be admitted to Aim on 12 May, as it looks to broaden its investor base. No new shares will be issued.
“A dual listing is a logical and value-adding step, given that Dart Energy’s prime assets are in the UK, most of our business is now in the UK, and UK investors understand and value the transformational potential of that country’s shale gas resource,” said chairman Rob Neale in a statement.