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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> Will there be any action over in Hungary this year.

Yes, - deep test Makó-7 Q3, 2012

> Are they still in conversation with a potential partner?

Yes, -ironing out final details.

…….-NIS to drill 3 wells before end of 2012 (est. $5MM); target size 50-400 BCF

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