Hungary's MOL finds new oil and gas in Pakistan

BUDAPEST Nov 6 (Reuters) - Hungarian oil group MOL (MOLB.BU: Quote) has found oil and gas in its exploratory well in the TAL block in Pakistan's KPK province, the company said on the Budapest Stock Exchange website late on Friday.

The company said that drilling would continue in the next three months as the full extent of the discovery would only be known once the well reached the planned total depth.

Hydrocarbon exploration has been carried out in this block since 1999 by a consortium of companies with MOL as an operator of the joint venture. MOL has a 10 percent interest in the consortium.

(Reporting by Marton Dunai)