London-based IGas said it has started integrating Dart Energy into its business.
The firm said the £117.1 million acquisition of Dart the Australian prospector behind controversial plans to drill for coalbed gas in the Forth Valley is in the “final stages of legal completion”, and new IGas shares are expected to be admitted to trading on the Alternative Investment Market next week.
In a trading update IGas said it made “good progress” in the six months to September 30, with production marginally ahead of the same period last year.
The firm also said it would commission an independent review of the combined group’s assets following completion of the Dart acquisition.
