Total buys in to UK shale permits

DART Energy and its joint venture partners in the UK's Bowland shale in Lincolnshire have entered into a farm-out agreement with French supermajor Total SA for the PEDL 139 and 140 permits.

13 January 2014
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Total will assume a 40% interest in the licences, which the other JV members agreed to facilitate through the shuffling of their own interests.

The acquired interest will see Total pay $US1.

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