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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Message: Transparency

Transparency

posted on Jan 09, 2009 05:01AM

From observations, since we now own only 33% of the play, regardless of the

recent amendment that the entire Mako will be shared in ownership and technical

information, does not improve the transparency to us lowly retail owners.

Personally i know absolutely nothing of the well logs or operational finding

that mol/exxon have drilled. We know they may spud a well in Jan (not a given),

until i see an nr verifying they avctually did it. I know absolutely nothing on

how many wells they want ready before they start testing?

Are they gonna use the new well plus a combination of our old wells, or are

they gonna say later.. well lets drill another new well besides the one in

Jan. before its worth while bringing in the test gear. The other thing.. yes

exxon is highly qualified and we are fortunate to have them as a partner,

but even they can have trouble on the Jan WELL , SUCH AS MOVEABLE

water etc. and this could delay the zsolnok testing even further.

These are just my opinions and observations, but i believe i have valid concerns.

It would be nice to have all the info and logs of exxons work to date.

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Jan 09, 2009 05:20AM

Jan 09, 2009 06:35AM
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Jan 09, 2009 08:58AM
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Jan 09, 2009 10:50AM

Jan 09, 2009 11:06AM

Jan 09, 2009 12:36PM
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Jan 11, 2009 07:12AM
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Jan 11, 2009 02:39PM
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