The Krumvíř 3 exploration well belongs to the "High risk - high reward" category. High risk, but potentially high reward. Geologists estimate significant natural gas reserves. However, the calculated chance of success is 16 percent. So there is a high probability that it will remain "dry", but at the same time the betting is on a potentially high return if hydrocarbons are found.

"Last year we drilled 10 exploration and appraisal wells in the Czech Republic, Austria and Ukraine and this year we plan to drill 12 wells in these three countries and invest CZK 1.6 billion. We are active in production not only in Moravia, but in the long term we are continuously increasing gas production in western Ukraine in the Girska and Tynivska areas. Last year, we also entered Austria, where we are participating in the production of the Anshof field as part of our newly formed joint venture ADX," says Jana Hamršmídová, CEO of MND Energy and member of the MND Group Board of Directors. "Of course, the development of our activities, not only in conventional mining but also in the introduction of new technologies, is supported by the excellent economic results we have achieved in the last two years," adds Jana Hamršmídová.

Geological research in the Krumvír area began in the 1970s and 1980s, when geophysical surveys and so-called 2D seismic measurements were carried out, followed by more modern 3D seismic measurements in 1990, which were then supplemented by more advanced methods in the following years.