MND buys German gas exploration rights

Czech gas and oil company MND has announced the purchase of a 70% stake in rights to explore for natural gas in south-west Germany. Possible reserves around Neuried could eventually amount to five times the natural gas which MND currently exploits in the Czech Republic every year. MND says it has around 10 billion crowns to buy up foreign oil and gas rights, reserves, and companies.

Author: Chris Johnstone