Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

Free
Message: Test wells are comleted

"Mindszent- Mol and ExxonMobil have recently completed their joint venture test well, the location of this well is just outside Mindszent on the Mihasi road."





It is wonderful to hear that Exxon and Mol are following Bruner's proven program of drilling lots of nice deep holes in the Mako and then moving on to another spot -- before testing any flows. In a few years we will have enough deep holes to drain off any heavy rains and keep the onions from getting root fungus!! After reading that they were moving on to the next pin cushion hole in the Mako, without doing any flow tests, I sold a few of my shares at 25 cents. I may buy some of them back, if we drop back into the teens again, but probably not. I think we are going to waiting until summer now before any real indication of economic viablility of the Mako, and maybe even longer if they are going to keep on drilling without testing. Today's pricing looks like I am not the only one expecting a long wait - hopefully not more than another year or two. Regards Paul

Share
New Message
Please login to post a reply