Re: Searching, testing, and decisions about the gas in Makó.
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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
Message: Re: Searching, testing, and decisions about the gas in Makó.
>The size of the resource has never been in doubt has it?
Certainly not in my mind. However, the total size of the resource estimate hasn't been determined as of yet. On one hand, we have the Scotia Report, that postulate the Company's (Falcon) resources in the licence area of the Makó trough.
"The following table sets forth the estimated resources of the Company evaluated by us as of 31 March 2008, and identifies the respective portions thereof that we have evaluated and reported on to the Company's management:"
Based on Scotia’s Best estimate, the Falcon lands contain an estimated 1,170 billion cubic meters of gas.
On the other hand, this estimate does not include the resource from the MOL lands. Therefore, after the evaluation of the Mindszent-3 and Hód-1 wells we should get a better picture of the overall size of the resource in the Makó trough.
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