MOL: Romania approves concession deal for Curtici block

12/17/2012

MOL: Romania approves concession deal for Curtici block

BUDAPEST -- Romania approved the concession agreement for a potential oil and gas block in Romania's Curtici, where MOL can now commence conventional exploration operations, MOL said in a stock exchange filing.

MOL said it's "very optimistic" about continuing its exploration success ratio reached in the Pannonian basin region of Central and Eastern Europe.

MOL and its partner Expert Petroleum won exploration rights for three blocks in 2010.

Dow Jones Newswires

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