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Total Becomes Largest Energy Producer To Enter UK Fracking Exploration

Looking to expand shale-based oil production outside of its home country of France, where the controversial process of hydraulic fracturing drilling is banned, Total SA (ADR) (NYSE:TOT) (EPA:FP) announced it was purchasing a 40% stake in two U.K. oil exploration areas. Total's partner IGAS Energy PLC (LON:IGAS) (OTCMKTS:IGESF), which holds 14.5% of the permits to explore in the area, will be the operator of the exploration project.

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