BUDAPEST, June 17 (Reuters) - Hungary's MOL group has made a new oil and gas discovery in Pakistan, its eighth discovery in the TAL block there, it said in a statement on Friday.
"This new discovery has derisked exploration in deeper fault blocks in the TAL block leading to new upside opportunities," said Berislav Gaso, MOL's Chief Operating Officer in exploration.
MOL shares traded 3.3 percent higher at 1051 GMT, outperforming a 1.7 percent rise in Budapest's main index.
(Reporting by Sandor Peto; editing by David Clarke)
Copyright 2017 Thomson Reuters. Click for Restrictions.
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Most Popular Articles