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: Phase 2

My original question still lingers unanswered. Forgive my lack of knowledge but, if i have my facts straight and Exxon goes to phase 2, they will spend an additional 150 million on work in Hungary, right? So with the new expertise they have just aquired, how much work, how many wells and frac's can this new company do with this amount of money? If it's 5 new wells then the play can be proven even if the first 4 are a flop. Just wondering how much more of a chance we might have if indeed phase 2 is a go. Thanks, Lifer

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