Hey LP, nice of you to drop by….

> By "designing a deeper test in one of the existing wellbores" I wonder if they are talking about the Mako-7 ? You know, the historic well that was plugged and left for dead for how many years now??

Just for clarity, you must mean Makó-6.

I imagine that this new ‘transparent’ management will let the shareholders know as soon as they’ve settled on the target. Personally, I think it’s Makó-6 or Földeák-1 because their close proximity to Falcon’s 10km long tie-in pipeline to MOL’s facility that they’ve built back in 2007 I think. Then again, they could go with Magyarcsanád-1. Any of these wells could be re-entered to drill horizontally and multistage fracture it.

By the way, here’s what Szabó said last year.

Speaking before an audience at the Global Unconventional and Shale Gas Plays Forum in Vienna, Austria, Chairman of the Board of Directors at Falcon Oil & Gas Ltd., Dr. György Szabó showed a graph of Falcon’s wells in Hungary, all of which were vertical.

“It’s a dream – forget it. Horizontal extension and multistage are needed as soon as possible.”

Below you’ll find the history of 7 wells.