I think that you all agree with me, that MOL is a respectable oil and gas company; therefore it’s safe to say that when their spoke person makes a public statement it’s not without merit. In my mind, György Volner MOL’s spoke person clearly outlined the state of affairs as it stands today.

Mol’s public relations department official added: this is only a first phase of the explorations. However, they are now in the possession of the necessary technology needed for the economical extraction of the hydrocarbons. The start of production is not dependent on this. The three companies, Exxon, Falcon Oil & Gas and MOL are treating the entire 750 square kilometres area of the Makó trough uniformly. The test-drilling areas for geological research in the trough have been divided among them, Földeák, Hódmezovásárhely and Mindszent. Therefore, decision to start production, will be made after the Exxon experts evaluated the results of these drillings. The decision expected to be ready next January.

I don’t see one iota of negative in this one. As for the difficulties at the Földeák-1 well, that is just part of the course. I don’t see Exxon quitting after just one try.

So, why’s the funeral already?

Thank you but no thank you, I’m keeping my shares.