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: Food for thought

John, do you know if the price of gas in Hungary and surrounding countries is still fairly high compared to North America? I know that last year the price in Hungary was over $10 compared to under $7 in North America, but I don't know how well that higher pricing is holding up in Eastern Europe these days?? I realize that the price today is not reflective of what Falcon/MOL would receive starting in 2012, but if the price in Hungary is still over the $10 level, then it would certainly drive the share price to much higher levels than a North American company with similar assets in the ground. We may need to see an actual successful well or two for that to happen, but there appears to be so very little downside left for our bird that I might as well start being optimistic again :)

Regards Paul

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