BRIEF-Dart Energy says entered into farm-out agreement with Total E&P UK

Jan 13 (Reuters) - Dart Energy Ltd DTE.AX :

* Entered into farm-out agreement with Total E&P UK ltd along with other existing licence participants Egdon Resources UK Ltd, Island Gas Ltd and Ecorp Oil & Gas UK ltd

* Says total UK will pay US$1.6 million in back costs and earn a 40% interest in licences in return for funding shale work programme of up to US$46.5 million

* Says farm-out agreement in respect of UK onshore petroleum exploration and development licences PEDL139 and PEDL140

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