Bridas Energy reportedly is in talks with YPF (YPF +1.5%) to invest $500M next year to help...

|About: YPF Sociedad Anonima (YPF)|By:, SA News Editor

Bridas Energy reportedly is in talks with YPF (YPF +1.5%) to invest $500M next year to help develop Argentina's estimated 774T cubic ft. of potentially recoverable shale gas reserves, and is considering a loan to YPF for a similar amount. Bridas is working behind the scenes for a "more logical export tax system" in the country that allows for a better return on investment.