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.
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.