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MGYOY Mol Magyar Olay Es Gazipari Rt (PK)

3.65
-0.03 (-0.82%)
Last Updated: 17:28:06
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
  -0.03 -0.82% 3.65 3.61 3.69 3.665 3.635 3.665 10,476 17:28:06

MOL Raises Stake in Exploration Block in Romania to 100%

10/01/2013 5:13pm

Dow Jones News


Mol Magyar Olay Es Gazip... (PK) (USOTC:MGYOY)
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BUDAPEST--Hungarian oil and gas company MOL Nyrt. (MOL.BU) said Thursday that it increased its stake to 100% in exploration block EX-6 in Curtici, Romania.

MAIN FACTS:

- MOL acquired the 30% participating interest of Expert Petroleum in the block.

- After receiving approval of the Romanian National Agency for Mineral Resources or ANRM, MOL's existing 70% and the acquired 30% stake in the block were transferred to Panfora Oil and Gas SRL, which is a Romanian entity owned equally by MOL and MOL Romania and dedicated to exploration and production activities of MOL Group in Romania.

Write to the Budapest bureau at budapest@dowjones.com

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