And here is the Delmagyar.hu version:)

Falcon is confident about the Makó gas dream.

http://www.delmagyar.hu/mako_hirek/a_falcon_bizik_a_makoi_gazalomban/2127784/

András Bakos

2009.11.27. 08:38

Magyarcsanád - Falcon continues to work, and remains confident that they will have gas production in the Makó trough by 2012. The company has invited the Hungarian press to the Magyarcsanád-1 well, and showed them the gas saturated material that originated from 4200 meters down in this well - which at the first glance does looks like used frying fat.

The material in the mineral water bottle shown by a TXM Kft associate was extracted from the Magyarcsanád-1 well. The material, actually called the ‘condensate’ by proper name, does reminds you of used fat, and it is constantly bubbles because of the gas it contains. The journalists have been invited by the company to show them that real "mining operations" is running here.

- This is light oil, high quality, and we are paying mining taxes - said György Szabó, the director of TXM Kft. the Hungarian subsidiary of Falcon - The well situated at the edge of the Makó trough is 4200 meters deep, with production pipe installed in the wellbore. Flaring pipe burns the gas, the hydrogen sulphide content is appropriate. This well is too far from the pipeline, so here we are planning to have a gas engine power generating plants. The other well, Mako-6 is close to a pipeline, and there a gathering pipe delivers the gas into MOL’s system.

The Falcon is confident about the gas dream. Photo: Csaba Sighisoara (gallery)

http://www.delmagyar.hu/_kepgaleria.php?gid=2011383

Falcon continues to invest and confident - despite the fact that after ExxonMobil stopped the research at the Földeák-1 well and moved off the site, and the press wrote that the Makó gas dream is over, then József Molnár the from the Szolnok Mining Bureau said, if there is no production by 2012, the production licence may be revoked. Because of these events, recently György Szabó had to reassure investors in San Francisco. Now, after the field tour, at the Óföldeák Community House has also said that Falcon would have liked to list the company’s stock on the Budapest Stock Market – by doing so the company’s shares could have been purchased on the domestic market - everything had been ready, however, after the Mining Bureau’s statement this step had to be postponed. To the question, what’s going to happen to Falcon, if they really lose the production license? Szabó replied that pursuant to the Mining Laws and the contract that could not be carried out. But if they do, then of course everything that has been and continues to be invested in the research will be a waste of money. But in that case, the courts will decide the ending to this story.

The plan has not changed

The director could not answer to the question relating to co-operational issues between Falcon, ExxonMobil and MOL. His company continues to plan to ramp up production from 2012 in the unconventional gas field, applying the same technology which is already being used in North America. Within a few years the amount of gas extracted will cover the full needs of Hungary, which is 13 billion cubic meters annually. The work is difficult, powerful equipments required to fracture the rock layers, special substance to keep the fractures open, which lets the gas to escape. Success may not be immediate, therefore the final cost is not known. One thing is fore sure, for economical extraction, oil price above $50 per barrel would be required.