Dart Energy International (DEI), which has a large coal bed methane site at Airth in Stirlingshire, plans to float on the AIM market of the London Stock Exchange in November and raise at least £30 million.
Australian-based parent company Dart Energy, which will retain a major shareholding, said the different strategies needed to progress in its home market and the international sector is driving the initial public offering (IPO).
The 329 sq km area of land at Airth is DEI's flagship project to recover natural gas from within coal seams and the company's UK headquarters is nearby in Stirling.
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