>If you recall, FO also encountered water trying to complete Magy in the Endrod.

I don't recall water ever being mentioned at the Magy. They had oil coming out of those natural fractures.

Unless I missed something, the P1 and S1 were the only Falcon wells that had reported water. The P1 had ~ 200 bwpd from the Szolnok, and the S1 had 549 bwpd from the basement.

May 23, 2007:

In an initial rate test in a seven meter gross interval, which the Company has not yet fracture stimulated, the Magyarcsanad-1 well flowed 377 barrels of oil per day of light crude oil (48 degree API gravity) and 745,000 cubic feet of gas per day. The total thickness of the Endröd formation behind casing is 362 meters.

Aug 29, 2007:

The Pre-Fracture Treatment (natural flow) unstabilized flow through perforations at 4,058-4,062 meters yielded an initial rate of 387 barrels of oil per day (bopd) and declined to 63 bopd in 23 days. The gas rates over the same period were 665 thousand cubic feet per day (mcfg/d) and 137 mcfg/d respectively. Additional perforations were added at 4,135-4,137 and 3,909-3,910.5 meters and the well was then fracture treated in stages with a total of 329,000 pounds of proppant and 9,200 bbls of fluid. Falcon has recovered 60% of the frac volume to date. The Post Fracture Treatment unstabilized flow yielded an initial rate of 91 bopd and declined to 35 bopd in 19 days. The gas rates over the same period were 400 mcfg/d and 85 mcfg/d, respectively.

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Scotia review:

The next well in the evaluation program to be drilled was the Magyarcsanad 1. This well was designed to test the southern end of the Makó trough. The well was drilled to a total depth of 4,272 meters and encountered the Endröd and Szolnok formations. The well tested oil from the Endröd formation at unstabilized rates of 360 bopd and 1,100 Mcfd, declining to 65 bopd and 137 Mcfd
without stimulation.