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: Re: Transparency

Jan 09, 2009 05:01AM
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Jan 09, 2009 05:20AM

Jan 09, 2009 06:35AM

>So exxon will tell us how much money they made around Feb., and if all goes well , several months means we might get some test results



Don't hold your breath waiting for test results. Providence has a similar JV with Exxon in Ireland, and this is what their "results" look like

"Whilst confidentiality conditions between the partners restrict Providence from commenting specifically on work programmes either in the past or future, the Company can confirm that it is very pleased with the status to date and views the future with optimism."

I'm sure regardless of test results, Falcon will be pleased and optimistic :)

What really counts is whether or not Exxon decides to proceed to phase 2 of the project, which according to the timeline in MOL's presentation, should be announced sometime in November.













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