liulin

Our old Liulin project has been passed on again......
Our sale for a reminder:
Further to our ASX release on 17 November, 2009 announcing that Molopo Energy Limited had agreed to sell its non-operating interest in Liulin, Shanxi Province, China, to
Fortune Oil Plc (“Fortune Oil”) for US$6million, we are pleased to confirm settlement has occurred in line with the original agreement. Molopo held a 26.1% interest in Fortune Liulin Gas Company, Limited, the single purpose company which holds a net 50% interest in the Liulin Block (after back-in by China United Coalbed Methane Corporation, Limited).

Latest sale:
Dart Energy (ASX: DTE) announces that it has entered into an agreement to sell 100% of its wholly owned Singaporean subsidiary company, Dart Energy (FLG) Pte Ltd, to Hong Kong HuiHua Global Technology Ltd, a Hong Kong subsidiary of the Shenzhen-listed China Oil HBP Science & Technology Corporation Ltd.
Dart Energy (FLG) Pte Ltd is the holder of 50% of the issued share capital of Fortune Liulin Gas Ltd, a Hong Kong company which in turn holds a 50% interest in the Liulin Production Sharing Contract in China.
Consideration for the sale is approximately US$20.8 million, cash.