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Drilling work in Hungary for O&GD Central Kft.

On November 3rd, Exalo started drilling work with the HH 220 device (RIG 208), which are being carried out in Hungary. This is another contracted device for O&GD Central Kft. and the scope of work for this device includes drilling a minimum of 3 wells.

It's worth noting that these are not the only operations conducted for O&GD Central Kft. by our company in Hungary. Between March 25th and October 18th of this year, RIG 204 completed 5 drilling holes with the IRI1200 device and is currently in the process of drilling the sixth.

The contracting of a second device by OG&GD Central Kft. reflects the good collaboration between the Hungarian operator and our company.