Re: 50 day moving average
in response to
by
posted on
Apr 09, 2009 10:05AM
Developing large acreage positions of unconventional and conventional oil and gas resources
>I am somewhat confused on the number of wells drilled/drilling on the MOL JV
Offically, there were 2 wells on the MOL side, the Mindszent-3 and the HOD-1. They were spudded in 2008. On the Falcon side, the is the Foldeak-1, spudded in January.
This is from MOL's February drilling update:
Based on technical study activity started with drilling of two exploration wells in 2008 operated and financed by ExxonMobil. The program will continue with drilling of one additional well and testing of drilled wells in 2009. MOL decided to check the unconventional potential of Békés basin by drilling of one well in 2009 to prove the area for next activity.
This is in agreement to what we officially know.
Since November or thereabouts, there has been strong circumstantial evidence that they have since started another well on MOL's side.
This was released yesterday from MOL:
In addition, we continued the partnership with ExxonMobil. In 2008 significant steps were made to evaluate and explore the unconventional exploration potential of Hungary, having significant combined original gas-in-place resource potential. Based on the positive results of a technical study completed by MOL and ExxonMobil by the end of 2007, ExxonMobil launched an unconventional exploration program in the Makó basin covered by exploration licenses owned by MOL. As a result of the agreement signed with TXM in April 2008, MOL and ExxonMobil gained a further share of interests covered by the production license of TXM in the Makó basin. As a consequence, MOL has positions in all acreages of the Makó basin: in Makó-West (MOL-Esso with 50% MOL share) and Makó-East (MOL-Esso-TXM with 33.5% MOL share). Three wells drilled in Makó Basin (unconventional gas accumulation) in partnership with ExxonMobil and TXM were in progress at year-end.
(The Foldeak-1 wasn't spudded until January)