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: Exxon's election to proceed to the next phase
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>What happened to MOL's right to assume Exxon's interest (subject to FO approval)?

The original Production and Development Agreement still be in effect. MOL will have 30 days to decide to exercise its option to continue with its own participating interest, and also have the option to elect to assume Exxon’s participating interest which is subject to Falcon’s approval.

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