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MOL Moleculin Biotech Inc

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0.00 (0.00%)
- - Realtime Data
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
  0.00 0.00% 0.00 -

MOL: Romania Approves Concession Deal for Curtici Block

14/12/2012 5:12pm

Dow Jones News


Moleculin Biotech (TG:MOL)
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BUDAPEST--Romania Wednesday approved the concession agreement for a potential oil and gas block in Romania's Curtici, or EX-6 Block, where MOL can now commence conventional exploration operations, Hungarian oil and gas firm MOL Nyrt (MOL.BU) said in a stock exchange filing Friday.

MAIN FACTS:

- MOL said it's "very optimistic" about continuing its exploration success ratio reached in the Pannonian basin region of Central and Eastern Europe.

- The exploration phase consists of two sub-periods, three years each, the second one optional. Operations are expected to start immediately, MOL said.

- MOL and its partner Expert Petroleum won exploration rights for three blocks in 2010.

- MOL closed trading flat at 17,050 forints ($78.7) Friday.

-Write to the Budapest Bureau at budapest@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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