|Bid||0.00 x 340000|
|Ask||0.00 x 2500000|
|Day's range||65.00 - 69.00|
|52-week range||48.50 - 293.75|
|PE ratio (TTM)||-0.31|
|Earnings date||28 Sep 2017 - 2 Oct 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||N/A|
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.
French energy company Engie (Brussels: ENGI.BR - news) has sold its British shale gas interests to petrochemicals firm Ineos for an undisclosed sum, the companies said on Thursday. Engie was one of the first big energy companies to back Britain's nascent shale gas industry when it bought parts of Dart Energy's licences, a company since then taken over by IGas, in 2013.
LONDON, Dec (Shanghai: 600875.SS - news) 20 (Reuters) - Britain's High Court ruled on Tuesday that a fracking permit awarded by a local council to developer Third Energy was legal, after it was challenged by environmental campaigners, opening the way to shale gas extraction in the UK. Substantial amounts of shale gas are estimated to be trapped in underground rocks and the British government wants to exploit it to help offset declining North Sea oil and gas output, create some 64,000 jobs and help economic growth. The contested permit in Yorkshire, in the north of England, was the first approval for shale gas fracking since a moratorium was lifted in 2012.
Britain's High Court ruled on Tuesday that a local government's shale gas fracking permit award to developer Third Energy was legal, claimants Friends of the Earth said in a statement. "The High Court ...
BT Group (Other OTC: BTGOF - news) will take a potentially decisive step towards averting an enforced break-up this week when it names a former director of the telecoms regulator Ofcom as the first independent chairman of its broadband infrastructure unit Openreach. Sky News has learnt that BT plans to name Mike McTighe, a heavyweight former telecoms industry executive, to the post months after announcing a plan to strengthen Openreach's governance and accountability. The appointment of Mr McTighe is expected to be announced in the coming days, and possibly as early as Tuesday.
Nottinghamshire County Council gave the green light on Tuesday for shale gas developer IGas to test drill a shale gas site in northeast England in a first sign from the local authority that it supports shale gas projects. IGas' shares surged by more than a fifth to trade at a one-month high of 13.40 pence following the news. Subject to a legal agreement, IGas will now be allowed to carry out exploration work at its Springs Road site in North Nottinghamshire close the city of Sheffield in order to test whether the shale rock present is suitable for fracking.
An oil and gas group backed by the powerful Wall Street investor Kohlberg Kravis Roberts (KKR) is mounting an aggressive raid on assets owned by one of Britain's leading fracking companies. Sky News has learnt that Trans European Oil & Gas (TEOG) is pressing IGas Energy (LSE: IGAS.L - news) to divest its conventional resources arm, which comprises producing assets in the east Midlands and the Weald Basin in the south of England. IGas, which trades under names including Dart Energy and Star Energy (Stuttgart: 2393147.SG - news) , also holds a number of licences to explore through fracking in Lancashire and the Midlands.