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MOL Moleculin Biotech Inc

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0.00 (0.00%)
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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
  0.00 0.00% 0.00 -

MOL Sells Russian Surgut‐7 Exploration Block

03/09/2013 5:02pm

Dow Jones News


Moleculin Biotech (TG:MOL)
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BUDAPEST--Hungarian oil and gas company MOL Nyrt. (MOL.BU), the country's largest refiner by market share, sold the company that owns the exploration license for the Surgut‐7 exploration block in Russia.

MAIN FACTS:

-MOL announced its plan to sell the block on 12 August 2013 in line with its portfolio optimization plans.

-The Surgut‐7 block is strongly linked to the infrastructure of the Zapadno‐Malobalykskoye field, which was until recently also a MOL asset. MOL sold these assets in a package deal, it said in a stock exchange filing.

-MOL closed trading up 1.9% or HUF295 at HUF16,195.

Write to the Budapest bureau at budapest@dowjones.com

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