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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Moleculin Biotech Inc | TG:MOL | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
BUDAPEST--Hungarian oil and gas company MOL Nyrt. (MOL.BU) said Monday that an exploration and production sharing agreement for its onshore Block 66 in Western Oman has come into effect.
MAIN FACTS:
- the agreement was signed Sept. 9 and became effective Nov. 25 by the issuance of a Royal Decree.
- following the ratification, MOL can start the implementation of the exploration work program at the block.
- Block 66 is located in the western part of Oman, along the Saudi Arabian border. It's a desert area of 4,899 square meters.
- According to preliminary estimates, the total unrisked prospective recoverable resource potential of Block 66 could reach 200 million barrels of oil equivalent, or MMboe.
Write to the Budapest bureau at budapest@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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