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MGYOY Mol Magyar Olay Es Gazipari Rt (PK)

3.828
0.068 (1.81%)
08 Aug 2024 - Closed
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
  0.068 1.81% 3.828 3.75 3.93 3.93 3.75 3.82 20,875 20:59:33

MOL Hungary Signs Cooperation Agreement With Austria's RAG

24/10/2011 11:32am

Dow Jones News


Mol Magyar Olay Es Gazip... (PK) (USOTC:MGYOY)
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Hungarian oil and gas company MOL Nyrt. (MOL.BU) has signed a cooperation agreement with Austrian peer Rohol-Aufsuchungs AG to conduct joint exploration in Hungary, MOL said Monday.

 
   MAIN FACTS: 
 

-The companies will conduct their activities involving gas and oil exploration and production at the Inke license south of lake Balaton in western Hungary.

-The license is held by the partners in an equally shared company named MOL-RAG West Kft.

-The companies said they expect their cooperation to create opportunities, allow more efficient exploration and development and stimulate investments in domestic exploration activities.

-The companies said they are looking for further cooperation opportunities of similar nature in the future.

-Budapest Bureau, Dow Jones Newswires; +36-1-267-0622; budapest@dowjones.com

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