MOL Raises Stake in Exploration Block in Romania to 100%
January 10 2013 - 12:13PM
Dow Jones News
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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