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MGYOY Mol Magyar Olay Es Gazipari Rt (PK)

3.85
0.022 (0.57%)
Last Updated: 14:30:12
Delayed by 15 minutes
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

INA Discovers Oil in Croatian Well - Report

26/07/2012 11:48am

Dow Jones News


Mol Magyar Olay Es Gazip... (PK) (USOTC:MGYOY)
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BUDAPEST--Croatian refiner INA d.d. (INA.ZG), a subsidiary of Hungary's MOL Nyrt. (MOL.BU) discovered oil in a Croatian well, Croatian paper Vecernji List reports on its website Thursday.

The well is estimated to produce approximately 1,400 barrels of oil per day for 20-25 years, the report says. The newspaper estimates INA's annual revenues from the finding at $50 million, based on an oil price of $95 per barrel.

INA wasn't immediately available for comment.

INA shares were flat at HRK3900 at 1009 GMT.

Write to the Budapest Bureau at budapest@dowjones.com

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


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