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

Free
Message: The Gazprom and Ukrainian gas row...

Solyomtwo, sweet news. Good find. Good news for FO, first, it shows that natural gas prices are expected to stay at a decent level in Europe, and two, it highlights the need to bring Mako into production as soon as possible to look after the gas needs to Hungary so that it can avoid a similar energy crunch to its economy. I would expect that XOM will ask, and receive, favourable terms to start productiuon in 2011-2012. Of course our FO shares will appreciate before that.

db

Share
New Message
Please login to post a reply