TotalEnergies SE (TTE)

[eFinanceMarkets]

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.