BUDAPEST--Romania Wednesday approved the concession agreement
for a potential oil and gas block in Romania's Curtici, or EX-6
Block, where MOL can now commence conventional exploration
operations, Hungarian oil and gas firm MOL Nyrt (MOL.BU) said in a
stock exchange filing Friday.
MAIN FACTS:
- MOL said it's "very optimistic" about continuing its
exploration success ratio reached in the Pannonian basin region of
Central and Eastern Europe.
- The exploration phase consists of two sub-periods, three years
each, the second one optional. Operations are expected to start
immediately, MOL said.
- MOL and its partner Expert Petroleum won exploration rights
for three blocks in 2010.
- MOL closed trading flat at 17,050 forints ($78.7) Friday.
-Write to the Budapest Bureau at budapest@dowjones.com
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