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eFinanceMarkets

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eFinanceMarkets

Re: eFinanceMarkets post# 81

Tuesday, 04/04/2017 3:26:31 PM

Tuesday, April 04, 2017 3:26:31 PM

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Total extends U.K. shale gas involvement with new deal
Total (TOT +1.2%) says it has extended an option with British shale gas developer Egdon Resources to buy a stake in one of Egdon's shale gas licenses.
TOT agrees to pay Egdon's expenses of an exploration program worth up to $17M, including the drilling of a well, in exchange for an option to farm into its Lincolnshire exploration license by year-end 2018, which would earn it a 36% interest; TOT's previous option on the license had lapsed.
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