Dart's mission is to create value for shareholders and key stakeholders by developing coal bed methane resources around the world that are capable of rapid commercialisation. Coal bed methane offers a clean, safe, and cost-effective energy solution for an increasingly energy constrained world.  To do this, Dart Energy is currently progressing an extensive exploration programme of activities on its existing portfolio of tenements with a view to achieving reserves certification, production and gas sales.  Click here to view Dart's portfolio.

Dart's business strategy is focused on:

• Accessing opportunities in geographies characterised by low cost of entry, proximity to high demand growth gas markets and high prices.  Such opportunities must be capable of being leveraged by Dart's core skills and experience either as an early entrant or through Dart's technical expertise;
• Progressing exploration activities swiftly into pilot / appraisal stage and achieving near-term proof-of-concept for initial commercial exploitation, early cashflow and margin demonstration;
• Maturing resources and delivering reserve certifications and rapid reserves growth while establishing technical and commercial viability;
• Adding tenements of strategic significance and value while continuously optimising the portfolio for efficient captial allocation;
• Maintaining partnerships and relationships with national and local authorities and companies and the surrounding communities;
• In the longer term, developing and maintaing a balanced portfolio of assets at different stages across the project life-cycle - exploration, appraisal, initial development and production.

Dart Energy has assembled a strong board and executive team who are recognised as leaders in the coal bed methane industry. Many of Dart's board and executive team were the founders and leaders of Arrow Energy, one of the great CBM success stories of the past decade. Dart's management is able to blend skills and experience in conventional gas, petroleum, electricity generation, government, energy policy development, resource development, law, commerce and corporate finance. The company benefits from long standing partnerships and relationships with national and local authorities, leading State and private enterprises and major operators in each of our host countries.

Australia

Australia is the world's ninth largest energy producer accounting for around 2.4 percent of global energy production with natural gas becoming an increasingly important source of domestic and export energy.

Following the demerger from Arrow Energy, Dart Energy re-entered the Australia CBM industry through the acquisition of Apollo gas, an ASX listed CBM company with a portfolio of 7 CBM blocks and 2 geothermal licences, all located in New South Wales.

In August 2009, Arrow Energy acquired a strategic shareholding stake in Apollo Gas Limited, together with the rights to farm-in to two of the company's coal bed methane tenements in New South Wales. The shareholding stake and farm-in rights were subsequently transferred to Dart Energy as part of the demerger from Arrow Energy.  In September 2010, Dart Energy acquired the remaining securities in Apollo Gas, and the company has been rebranded Dart Australia.

Dart Energy's strategic theme for Australia:

• Leverage the current portfolio to build a geographically large footprint and rapidly prove up reserves ahead of bringing projects into commercial production while exploiting advantaged pricing in New South Wales.

China

Natural gas is China's fastest growing major energy source. There is a large potential for growth in China gas consumption as it services rapidly growing power, city gas and industrial sector demand.

China presents a significant opportunity for Dart Energy with strong expected growth in gas demand, established supporting infrastructure and attractive netback gas pricing.

Dart Energy's strategic theme for China:

• Dart Energy has conducted extensive market studies of all the key CBM basins in China and is focusing its exploration activities on two key areas: Xinjiang Autonmous Region in western China and Shanxi and Shaanxi Provinces in central China.
• Focus on securing and maintaining relationships and partnerships with local oil, gas and coal companies, in particular state-owned enterprises, which can deliver in-country expertise and assist with access to tenements.
• Take a multi-tiered approach by seeking greenfield CBM development via PSC particpation, farming in to existing CBM projects and establishing coal mine methane / degassing projects.

The Indian market is characterised by strong demand driven by a large population and energy intensive industries. The strong demand, and limited local energy supply has created a significant and growing market for natural gas.

India has an estimated 200 Tcf of CBM resources. Currently, there is limited production of CBM in India, however, the country has taken steps to promote the development of the industry to address increasing household and industry demand. The Indian Government has formulated a development strategy focused on the award of CBM blocks in a competitive bidding process. Four rounds of bidding have been successfully completed with Dart Energy awarded five blocks to date.

Dart Energy's strategic themes for India:

• Take a multi-tiered approach by seeking greenfield CBM development via direct licence particpation, farming-in to existing CBM projects and establising coal mine methane/degassing projects.
• Leverage upon a foundation of strong government relations developed by providing high levels of technical imput to the government regulators and domestic companies.

Indonesia

Indonesia is a country rich in coal bed methane resources, estimated at over 450 Tcf. Dart Energy is focusing its activities in the South Sumatra and eastern Kalimantan regions where highly prospective areas have been identified.

South Sumatra is close to Indonesia's most populated island, Java, which is energy and gas deficient. Pipeline infrastucture already exists to transport gas from South Sumatra to this market.

Eastern Kalimanatan is also short of gas. In particular, the Bontang LNG plant is operating at well below capacity as production from nearby conventional fields declines.

Dart Energy's strategic themes for Indonesia:

• Focus on two specific regions of Indonesia with attractive technical and business characteristics for CBM (South Sumatra and eastern Kalimantan).
• Pursue an LNG-focused strategy in eastern Kalimantan given the likely buyer of gas in that region will be the Bontang LNG Plant.
• Establish and maintain partnerships with major oil, gas and coal companies which can deliver in-country expertise and assist with access to tenements.
• Pursue a long-term strategy to be an industry consolidator given the relatively high number of smaller CBM blocks awarded and the widely dispersed current ownership of those blocks.

UK

Nick Davies

Executive Chairman & Acting CEO

Prior to joining Dart Energy as Chairman, Nick was CEO and Managing Director at Arrow Energy, a leader in coal bed methane development in Australia. Nick has over 25 years oil and gas industry experience in upstream development, strategic planning, new business development and marketing. Prior to joining Arrow, he was President of BP’s Asia Pacific Gas and Power business headquartered in Tokyo and immediately prior to that was President of Atlantic Richfield Company (ARCO) South-East Asia, based in Singapore.

Shaun Scott

Director

Prior to joining Dart Energy, Shaun was Managing Director of Arrow Energy, a leader in coal bed methane development in Australia. He previously held the roles of Chief Executive Officer (Australia), Chief Commercial Officer and Chief Financial Officer with the company. Shaun is a Chartered Accountant with over 20 years of experience in upstream and downstream projects, mergers and acquisitions and finance in the energy sector in Australia, Asia, and the United States.  Prior to joining Arrow in 2004, Shaun held a variety of senior executive roles across the industry.

Stephen Bizzell

Director

Stephen is a Chartered Accountant and early in his career was employed in the Corporate Finance division of Ernst & Young and the Corporate Tax division of Coopers & Lybrand. He has had considerable experience and success in the fields of corporate restructuring, debt and equity financing, and mergers and acquisitions and has over 14 years' corporate finance and public company management experience in the resources sector in Australia and Canada with various public companies. He is Chairman of boutique investment banking and funds management group Bizzell Capital Partners Pty Ltd and was an Executive Director of Arrow Energy from 1999 to 2010.

Peter Clarke

Non-Executive Director

Peter is a former investment banker and currently resides in Hong Hong.  He worked for over thirty years in Sydney, Hong Kong, London, New York and Tokyo and has been living in Hong Kong for the past twenty years.  Most of his career was spent at Salomon Brothers and at Merrill Lynch where he served as Chairman of the Asia Pacific region for nearly a decade.  In addition to his banking roles, he has served on numerous government and regulatory committees and boards in both London and Hong Kong.

Since retirement, he has been involved in non-executive roles at a number of financial institutions and private companies and has been active in numerous charities, foundations and trusts in Hong Kong.

David Williamson

Non-Executive Director

David was a Non-Executive Director of leading Australian coal bed methane company Arrow Energy prior to joining Dart Energy's board. David has been registered as a Chartered Accountant for more than 30 years. He is principal of his own firm Williamson Chaseling Pty Ltd and has gained a wide range of experience covering business management, finance, general accounting, taxation and audit assignments. This work has been carried out for a diverse range of business structures. He has had considerable experience in the resources sector being a Non Executive Director of New Hope Corporation Limited since 1999 which operates coal mines in Queensland and until recently in Indonesia. David is currently Chairman of the Audit Committee of New Hope Corporation Limited. Additional corporate experience has been gained by being a Non Executive Director since 2001 of Australian Health and Nutrition Association Limited (Sanitarium Health Food Co) including being a member of the Finance and Business Committee which reviews all finance and business proposals.

Simon Poidevin

Non-Executive Director

Simon has worked in Investment Markets for 26 years, specialising in Institutional Equities and Investment Banking.  Simon began his career in the securities industry with McNall & Hordern, as a Partner in 1984.  He joined Potts West Trumbull in 1989 as a Director for Research Sales, and then Citigroup legacy firm, County Natwest in 1995. Simon spent 14 years with Citigroup and was a Managing Director and Head of Corporate Equity Broking before moving to Funds Management in April 2009 joining Pengana Capital as an Executive Director.

Between 1980 and 1991, Simon represented Australia in the Rugby Union, captaining the Wallabies in 1986 and 1987. Simon was awarded an OAM in 1988, inducted into the Australian Hall of Fame in 1991 and was awarded the Centenary Medal in 2003.  He is also a board member of the UNSW Foundation and an Emeritus Member of the Ben Lexcen Management committee at the UNSW. He holds a Bachelor of Science (Honours) from the University of New South Wales, a Blue in Rugby Union and is a member of both the UNSW Sporting Hall of Fame and the UNSW Faculty of Science Hall of Fame.

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