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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.022 | 0.57% | 3.85 | 3.74 | 3.85 | 3.85 | 3.85 | 3.85 | 400 | 14:30:12 |
Hungarian oil and gas company MOL Nyrt (MOL.BU) said Friday it made an oil discovery at the Halini-1 well in the Karak block in the northeastern region of Pakistan.
MAIN FACTS:
-The Halini-1 well drilling began Jan. 7, 2011. The well has been drilled to a depth of 5,350 meters.
-During the initial short duration tests carried out, the well flowed at the average rate of 1,700 barrels/day of crude oil.
-The flow rates from the well are expected to increase with further testing and stimulation treatment which is planned to be conducted shortly.
-To determine the size of the prospect, the consortium is planning to drill additional wells to delineate the exact extent, size and reserves potential of this oil discovery.
-The operator of the Karak Block is Mari Gas Company Ltd. (MARI.KA) and MOL Pakistan has a 40% interest.
-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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