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Commercial Targets.

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Dart Energy is proud of its culture of corporate transparency.

At the commencement of each year, the Company articulates clear, measureable objectives for the coming 12 months that are believed will reflect progress of the Company in terms of its business strategy and plan, and creation of long term shareholder value.  Dart Energy's policy is to then report regularly against the objectives set and communicate this to its shareholders and stakeholders. 

For 2012, the Company's corporate objectives have been set in respect to the International and Australian businesses, as follows:

                                 

 2012 Targets: International
(Asia, Europe, Shale)

 2012 Targets: Australia
 1. Portfolio
  • 3 - 5 strategic licence additions 
  • Ongoing portfolio optimisation
  • Additional low entry cost shale acreage
  • 3 - 5 licence additions
  • Portfolio optimisation 
 2. Operations
  • Complete portfolio drilling program: additional 40+ wells
  • 5 additional CSG pilots
  • 1 - 2 shale exploration wells
  • 3P 500 - 750 Bcf
  • 2P 100 - 150 Bcf
  • Continue portfolio drilling program: additional 10+ wells
  • 2 CSG pilots
  • 3P 150 - 500 PJ
  • 2P 50 - 150 PJ 
 3. Value
  •  First revenues in 3 countries
  • Targeting revenue build up in 2013
  • Up to 25 Bcf per annum of gas subject to GSAs
  •  Clear line of sight to 2013 revenues
  • 1+ Gas Sale Agreements
 4. HSE&S
  •  0 HSE&S incidents
  • 0 environmental incidents
  •  0 HSE&S incidents
  • 0 environmental incidents
 5. Corporate
  •  Successfully complete strategic restructuring
  • Multi-project debt facility in place
  • Successfully complete strategic restructuring
  • Undertake a review of unconventional gas opportunities in Australiasia