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Fortune Oil and Dart Energy Make Progress In Chinese CBM Project
December 22, 2011
Fortune Oil has revealed two significant developments relating to the Liulin coal bed methane business.
Fortune said that Dart Energy had exercised its option to increase its equity stake in Fortune Liulin Gas Ltd from 45% to 50% for a cash consideration of $4m.
The cash will be used to fund part of the ongoing work ...
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