ConocoPhillips (COP) will not exercise its option to take over as operator with a 70% stake in...

|About: ConocoPhillips (COP)|By:, SA News Editor

ConocoPhillips (COP) will not exercise its option to take over as operator with a 70% stake in three concessions in Poland's Baltic basin, a local operator says. The news raises new questions about Poland's shale prospects a few weeks after ExxonMobil said it would give up two of its six shale gas exploration licenses in the country.