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: Re: ...it's that time again/ say slowly..u n i t i z a t i o n
1
Jan 11, 2009 04:37PM
5
Jan 12, 2009 07:45AM

>The purpose of initizing Mako is different from that.

Once you sober up, please feel free to give us your thoughts as to why they are talking about doing it then. Actually, Falcon said in their news release the main reason why they were doing it.

"Formation of Unit: Falcon, ExxonMobil and MOL all recognize the significant potential benefits, from an operating efficiency and technical analysis standpoint, of combining all or a portion of their jointly-owned interest into one unit."

...and I think they were told to come to an agreement by the Mining Bureau.



In other words, why are they taking about unitization? Because they have to. Final answer :)




















Jan 23, 2009 07:09AM
1
Jan 23, 2009 07:28AM

Jan 23, 2009 07:31AM
Share
New Message
Please login to post a reply