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

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Message: Unconventional Exploration. Present For The Future.


In any case, both numbers are close. 12 TCF from MOL, 15.7 from Falcon (P90) technically recoverable from the Szolnok, both conservative estimates.

Thats a heck of a lot of gas.

Well said lanman, I could not agree with you more, and we are part of this. The only problem for FO is that it will need to eventually finance its percentage of expenditures, and initial cash flow will not be enough to cover those expenses. Dilution is a possibility, and not a great one for us. Giving away percentage ownership to be carried through by the wealthier partners is another possibility. Not a great one either. Getting a loan to pay our way in a couple of years may work onlyb id the credit markets and the global economy have recovered enough. I would not hold my breadth on this one. It may all work out just fine for us, but it sure looks murky at this point in time. Would you venture to say something about what the best case scenario may be (a realistic best case, not the pumping type which I know you are not)


db

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