|Bid||0.000 x 340000|
|Ask||0.000 x 2500000|
|Day's range||69.500 - 69.500|
|52-week range||67.610 - 4,250.000|
|PE ratio (TTM)||-0.32|
|Earnings date||28 Sep 2017 - 2 Oct 2017|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
The risk/reward outlook for these two stocks is better than it's ever been, says G A Chester.
French oil major Total (LSE: 524773.L - news) has extended an option with British shale gas developer Egdon Resources to buy a stake in one of Egdon's shale gas licences, the companies said on Tuesday. Egdon said in a statement Total had agreed on an option to farm in to its PEDL209 exploration licence in Lincolnshire by Dec (Shanghai: 600875.SS - news) . Total's previous option on the licence had lapsed.
Britain's IGas has won planning consent from Nottinghamshire County Council to develop a shale gas well site and drill an exploratory well at Tinker Lane, the company said. The council gave IGas permission late last year to carry out exploration work at Springs Road in order to test whether the shale rock present is suitable for fracking. "Results from these (two) wells will help us better understand the shale gas potential in North Nottinghamshire," he said.