http://www.falconoilandgas.com/hungary2.htm

Falcon has been operating in the Makó Trough since 2005 when it acquired two exploration licences, the Makó and the Tisza licences. Between 2005 and 2007, Falcon pursued an aggressive work program consisting of the acquisition of 1,000 sq km seismic and a six well drilling program. Each of the six wells had significant oil and gas shows proving pervasive hydrocarbons throughout the basin and in 2007, Falcon was awarded the long-term 35-year production licence.

Falcon conducted small vertical stimulations on all but two wells (Mako-4 and Mako-7). Each of the zones tested flowed hydrocarbons to surface. These were exploration wells and no horizontal wells have been drilled at this stage.

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The 2009 Exxon operated Foldeak-1 well was drilled to test the Lower Szolnok Formation. The well tested into an open fracture system and showed high pressure gas and water (250 mcfpd and 250 bwpd).

Full testing of Mako-4 and Mako-7 wells serve as a potential work program for 2012.