This article relates to my post from the other day.

http://agoracom.com/ir/Falcon/forums/discussion/topics/426083-in-world%E2%80%99s-energy-future-unconventional-gas-is-a-must-not-a-maybe/messages/1396896#message

INA-MOL announce gas discovery on Croatian-Hungarian border

http://portfolio.hu/en/cikkek.tdp?k=1&i=20379

Croatia's oil group INA has on Wednesday announced that its joint efforts with Hungarian fuels group MOL had resulted in a discovery of gas potentials in a border area between the two countries.

"Joint exploration project on the Croatian-Hungarian border resulted in a discovery of gas and condensate potentials on the Zalata-Dravica field on the Croatian side of the Podravska Slatina-Zalata contract area," INA said in a statement.

MOL has a 47.2% stake in INA, in which the Croatian government holds cc. 45% stake.

Exploration of Drava basin as a joint project of INA and MOL was initiated in 2006 in the border area of northern Croatia and southern Hungary. The two companies are equal partners in the project, sharing the costs and the production right down in the middle.

In 2007 gas and condensate field was discovered with the first exploration well Zalata-1 where the significant oil and gas reserves were discovered on the Hungarian side of the border, INA said.

At the end of 2008 Dravica-1 exploration well was completed on the Croatian side of the contract area, and in April 2010 the work-over testing started.

"Measurements at the depth of 3,170 meters indicated gas flow of 370,000m3/day and some condensate. The testing confirmed commercial gas reserves in the Croatian part of the exploration field," INA added.

The company also said that more precise appraisal of the new reservoir will follow after the interpretation of data from 3D surveys and the completion of the reservoir study.

"In the following period both partners will focus on the development of the discovered field to enable putting it on stream and connecting to the gas infrastructure system."

Croatia consumes 3.2 billion cubic metres of gas annually, with 60-65% coming from its own fields and the rest from Russia.