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MGYOY Mol Magyar Olay Es Gazipari Rt (PK)

3.828
0.00 (0.00%)
09 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
  0.00 0.00% 3.828 3.828 3.828 0.00 01:00:00

MOL Offered 4 Licenses in UK Continental Shelf After Bid

13/11/2014 8:51am

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Mol Magyar Olay Es Gazip... (PK) (USOTC:MGYOY)
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BUDAPEST--MOL Nyrt. (MOL.BU), a Hungary-based Central European oil and gas company has been offered four "highly prospective" licenses in the UK Continental Shelf after bidding in the UK's 28th Seaward Licensing Round, MOL announced in a stock exchange filing Thursday.

MAIN FACTS:

- If MOL accepts the licenses, it will become an operator in the North Sea

- All offered licenses have Drill or Drop well obligations and are located in the Central and Northern UK North Sea.

- MOL has focused on its strategic play knowledge and capabilities and will be seeking to further define and de-risk these latest license additions to its current UK portfolio of assets through quantified and technology driven exploration.

- MOL first acquired four offshore licenses in December 2013, followed by six further offshore license purchases in June this year.

- MOL opened up 0.3% in Thursday's trading at HUF11,920.

Write to Veronika Gulyas at veronika.gulyas@wsj.com; Twitter: @VeronikaGulyas1

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