>The "big" question is: When are they going to test these dam wells?? Snow falls in Hungary in 4 to 5 months !!

Oldwine,

Here is what Macquarie reported in their June update:

"During May 2009, ExxonMobil reached total depth of 14,500ft (4,421m) on the drilling of the Földeák-1 well, which is currently being evaluated for testing. We expect that there will be well test results released from the Földeák-1 well in 4Q09 (October) which could be a major catalyst for the stock."

Therefore testing will commence an earlier date. Like you, I wish the parties would be more forthcoming with their schedule, but as I said before, this is an ExxonMobil show and they are known for keeping operational details to themselves.

As for snow in Hungary? There should not be a problem there; it is not as if you were working in Siberia or Northern Canada ;)

Hod-1 well worksite in December 2008

Földeák-1 well in winter 2009