In December 2022, Exalo Drilling signed a one-year contract with Oil & Gas Development Central Kft., a subsidiary of Sand Hill Petroleum based in Hungary. O&GD plans to drill up to 12 wells from 2023 – 2024 with a maximum depth of up to 3,500 meters. The drilling program will begin in March and will be carried out with the IRI 1200 Rig#204.
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