MOL Announces Exploration Well Spud in Kurdistan, Iraq
July 23 2012 - 3:10AM
Dow Jones News
BUDAPEST--MOL Nyrt. (MOL.BU) announced Monday the spud of its
exploration well Gulak-1 in the Kurdistan region of Iraq.
MAIN FACTS:
-- Gulak-1 is the fourth exploration well in the Akri-Bijeel
Block in Kurdistan, with a planned depth of 3.66 kilometers.
-- MOL holds a 80% share in the block through its local operator
Kalegran Ltd. and Gulf Keystone Petroleum International Ltd.
(GKP.LN) holds a 20% share.
-- MOL closed up 1.6% at HUF17,190 ($73) Friday.
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