It was viewed positive then, and it’s still positive now.

Hungary

Discussions with NIS are progressing and we are on track for concluding a Participation Agreement with them by the fourth quarter. Per the terms of the Letter of Intent announced last June, the aim is to drill the first Algyöaut; exploration well as soon as possible once the Agreement is signed. Given the need to set up related corporate structures and obtain approval for moving equipment from Serbia, a spud date before year-end may not be possible, but we will work towards this goal. Technical teams from both companies are already collaborating on selecting prospects in anticipation of moving forward. In the meantime Falcon is designing a deeper test in one of the existing wellbores in the Mining Plot, which is expected to be carried out in 2012.

There is no doubtto drill horizontally.