On 17 June 2020, O&GD Central Kft (OGD), domestic subsidiary of Sand Hill Petroleum B.V., was granted the Abony V mining plot in central-eastern Hungary.  The 22 sq km Abony V block is located some 10 kilometres northwest of the city of Szolnok. In a geological sense, it falls within the Nagykunsag Sub-basin, tectonic unit of the Pannonian Basin.  The Abony V area is located within the northwestern sector of valid until late 2019 Koros contract (operator has rights to secure a mining block within the permit area for up to 12 months following the end of the permit validity).  Background Information  The Koros contract was awarded to RAG Hungary Central Kft on 3 November 2010, covering the same area as the Szolnok block previously held by Toreador (and partners). The contract was granted for an initial term of four years and was extended since, as prompted.  In early July 2013, Sand Hill Petroleum disclosed it had signed an agreement with RAG for the purchase of the latter companyâs subsidiary RAG Hungary Central Kft (RHC), holder of the Koros exploration license and of the MesÃ¶tÃ¼r V, TiszakÃ©cske I, Szolnok V and Szolnok VI mining plots.  The Koros permit area was the site of substantial activity of OGD in over the years: several 2D/3D seismic campaigns were conducted, and some dozen wells drilled.
OGD secured sole rights in June to the Abony V mining plot in the NagykunsÃ¡g sub-basin in C-E Hungary, 22 sq km NW of Szolnok. Along with other recent awards, it lies in the former KÃ¶rÃ¶s contract area 