The concept of all three parties working together on the whole Mako trough certainly sounds like a big plus - in the long term.

Agreed Paul, but more importantly this news disspelled the notion, which was spread around by the IV gurus, that Exxon will drop the project just to save money.

This amendment to the PDA-regardless of what triggered the negotiation- is a great step toward the common goal of all parties, which is to develop the entire Mako trough. Great for Falcon and it is great for Hungary.

Regards,

John.