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: Falcon searching for the right method to exploit the Makó trough.

>Let’s hope there were other papers around.

Well there are, but it looks like Dr. Szabo didn't say much. In addition to what you already translated, this article says that the wells are currently costing $40-50 million, and they need to get that down to $10 million. He also says something about not loosing the license because they are producing, and paying royalties.

http://www.fn.hu//cegek/20091126/keresi_gazt_falcon/

The company estimates that the Mako, do not ditch the traditional szénhidrogénkészlet extracting oil above $ 50 a barrel may be economical.
Currently, a well drilling cost is between $ 40-50 million, to be economical in the production of this cost should be kept to around 10 million dollars - said the director.

Szolnok József Molnár the bányakapitány press statement in response - that in 2012, the Falcon production license revoked - said the company's research permit expired in 2007, when asked for license production. This withdrawal will be allowed if the Falcon does not start for five years to the production or pause it for five years. However, the company is currently engaged in extraction, and then mining will be payable in accordance with the law.


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