Ann: China Exit Update , page-3

BUgger the Chinese....

Its GOOD NEWS OVER HERE IMO

Dart Energy Ltd advanced 4.8 percent. The company said it has completed the sale of its entire interests in Xiushan shale gas project to an existing partner for a nominal consideration.

**********************************************************

A reminder

( ps GP ENERGY ' IS DART')
Under the terms of the agreement,
Total will pay up to $1.6 million in back
costs and fund a fully carried work
programme of up to $46.5 million. Total
has the option to exit after an initial
period of this work programme
corresponding to a minimum
commitment of $19.5 million. At the end
of the carried work programme Total
will become operator of the Licenses.

The programme will include the
acquisition of 3D seismic; the drilling
and testing of a vertical exploration
well; and, conditional on the success of
the testing of the exploration well, the
drilling and testing of a second
appraisal horizontal well.

The transaction is subject to, among
other things, approval by the Secretary
of State for the Department of Energy
and Climate Change. Completion of the
transaction (“Completion”) is expected
to take place no later than June 30th,
2014.

On Completion of the new farm-in with
Total, the interests of the parties in the
Licences will be Total E&P UK Limited
40.0%; GP Energy Limited 17.5%;
Egdon Resources U.K. Limited 14.5%;
Island Gas Limited 14.5%; eCORP Oil
& Gas UK Limited 13.5% .

http://www.google.co.uk/finance?q=ASX:DTE

http://www.ecorpintl.com/wp-content/uploads/2014/01/eCORP-UK-Press-Release-13-JAN-2014.pdf