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Name | Symbol | Market | Type |
---|---|---|---|
Mol Magyar Olay Es Gazipari Rt (PK) | USOTC:MGYOY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.828 | 3.71 | 3.93 | 0.00 | 13:00:01 |
Hungarian oil company MOL Nyrt (MOL.BU) Monday announced the spudding a new appraisal well at its exploration venture in Iraq along with the initial results of other exploration in the area.
MAIN FACTS:
-The new, Aqra-1 appraisal well is designed to a go down to an estimated 4,700 meters.
-The drilling rig is provided by Crosco, the subsidiary of INA, a member of the MOL group.
-MOL has completed two tests on the Shaikan-4 appraisal well.
-Shaikan-4 achieved a flow rate of 563 barrels of oil per day in the Kurre Chine C formation.
-Shaikan-4 achieved a flow rate of 4,970 barrels of oil per day in the Kurre Chine B formation.
-MOL, via its 100% subsidiary, Kalegran Ltd., signed a production sharing contract with the Kurdistan regional government for the Akri-Bijeel and Shaikan exploration blocks in 2007.
-The operator of the Akri-Bijeel block is Kalegran Ltd. with 80% participating interest. Gulf Keystone Petroleum International Ltd. holds 20% share.
-Budapest Bureau, Dow Jones Newswires, +36-1-267-0622; budapest@dowjones.com
1 Year Mol Magyar Olay Es Gazip... (PK) Chart |
1 Month Mol Magyar Olay Es Gazip... (PK) Chart |
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