Polish Watchdog Clears Exxon, Hutton Energy Shale Gas Ventures
November 08, 2011, 5:59 AM ESTBy Marek Strzelecki
Nov. 8 (Bloomberg) -- The Polish antitrust regulator, known as UOKiK, cleared joint ventures of Exxon Mobil Corp. and Hutton Energy Plc. to explore for shale gas in Poland, the watchdog said in an e-mailed statement.
Under a deal signed in August, Exxon will transfer 49 percent stakes in four exploration licences in Poland’s Podlasie basin to Hutton.
--Editors: Raj Rajendran, Rob Verdonck.
To contact the reporter on this story: Marek Strzelecki in Warsaw mstrzelecki1@bloomberg.net
To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net
