>I am discounting that any partnership will be obtained again in Hungary after the latest fiasco and certainly not after the mighty Exxon has rejected spending anymore.

I think you are wrong about that. Actually, I would be surprised if we didn’t have a partner in the Makó trough by midsummer. The Makó trough is a very large resource, and one well doesn’t define a half million acres play.

Anyways, here’s what UBS securities said to the smart money last Friday.

"We also believe that the unconventional gas play is far from over, despite recent disappointments…”

http://agoracom.com/ir/Falcon/forums/discussion/topics/403382-ubs-gets-caught-on-the-backswing/messages/1333386#message

And then here’s more for the smart money.

“The Makó Trough belongs to MOL's "unconventional" portfolio.

The company said it remains committed to this portfolio and to the exploitation of the future opportunities it holds. Accordingly, it will continue its operations in the western part of the Makó Trough as well.”

http://www.realdeal.hu/20100223/mol-discontinues-exploration-in-mako-trough