Original link:

http://www.napi.hu/default.asp?cCenter=article.asp&nID=431462&place=toplista

Hungarian article regarding Directors (rough Google translation)

2009th 12. 29. 5:15:00 Adam Victor

Mako gas field, shrinking Hungarians

In recent weeks, left the Mako is also interest in gas fields Falcon Oil & Gas, almost half of board members, including two Hungarian experts. They will help further the company's advisory work. Articles Section Devizahitelezés future alterations to the rules of last warning before the RTL Klub and TV2? Dangerous to price controls, credit card companies come to the One Forint Henkel: next year will be even more difficult Thoroughly transformed at the end of this year, Falcon Oil & Gas Plc. Directorate (IT), members of the series after his resignation, almost half of the body been changed so that the exiting between the two Hungarians have been there. Although the company's life is not unusual for such a change - until last year only two new members were received by it, in 2007, five were in the team - easy to guess that this time the Mako field experienced serious difficulties also played a role. It is recalled that, after the Falcon one partner, ExxonMobil proposed research marked the completion of the Earth-1 well, the Falcon is temporarily closed and abandoned further fúrásokkal. The geophysicist Professor Horvath ( "Frank") Francis and Stephen Schultz on December 21 announced resignation of board membership, and stated that they did not intend to stand again in the ordinary and extraordinary general meeting. (Schultz as a member of the management of corporate communications managed in the future.), It is also the member only John (the former president of MOL, the corporate governance expert) at the beginning of this month, a few days, the company was originally scheduled for December 10 before the general meeting, David Fisher, and even chosen as the end of November. In October last year it has been introduced into the. This year's ordinary and extraordinary general meeting on 22 December as sold eventually postponed. At this gathering of shareholders, Robert C. Macaulay, Thomas G. Harris, John Craven and Gregory Smith was resigned to replace the members it was, George Szabo (Chair), Marc A. Bruner, Joachim Conrad, Daryl Mon Gilbert and Carl Stadelhofer and remained in place. Promising Board was created - Commenting on the events of the day George Szabo. The Chairman said that the new IT members of the company's history in an unprecedented level of industry expertise to acquire, inter alia, the geology of the Petroleum science and finance and accounting field. The communication issued by Macaulay, Harris and Craven have decades of experience, that is a real veteran of oil, whereas Smith, in the field of accounting for more than three decades of professional history. Szabo statement to this newspaper pointed out: Only Horvath and adviser to the company remains in the Mako and continue to work with them in Australia for two other projects, which are also controlled Budapest. Chairman of the Board acknowledged, however, that although the company's projects in that time, the Mako is the most promising of the current activity was over-represented compared to the Hungarian side of it was, that is, the composition of adapting to the circumstances occurred. Rough approach this is to change, but there are other reasons behind it - he added. The current research in regards Szabo stressed that the Mako-thousand square ditch, and 70 times in 30-kilometer mining area, 20 miles away from each other in the early extension of the well results and lead to erroneous conclusions drawn. The flow tomography, but not all data should be - expected early next year, according to the information the results of the tomography. The company received a junction, or the current line-up will continue to operate, or to seek other partners, but while the research does not stop - put the president.