MOL s CEO said it all.As H. is one of the 3 decision makers under that contract of MAKO he should be in the know.If we read between the lines,there is no doubt left which way things will turn out soon.

Congratulation to Falcon OIL&GAS as they delivered the best results long ago.

We remember the wells and the difficulties Falcon tried to succeed in overcoming at the Mako 6 site,down in the depth of nearly 6000 meter or the troubles of MAGY 1 having both Oil and Gas at the same time.In my guess MAGY 1 has still enough potential and I was very disappointed XOM did not consider to reenter or build a new one overthere.

Maybe they wanted to test in the middle of the Trough in terms of the 3 D Seismic showing accumulations (of water).....

EXXON could not crack the nuts either and dissappointed heavily being a market leader and major explorer in contrary to their daily adds shown every hour on CNBC ,being the only one to take the challenge of tight gas in Europe,spending a 100 MM US $ for those adds instead of better pushing the money into the work out of their "new technologies".

According to the words of MOL s CEO H. of today, it seems to be also very clear that MOL will not go on with Falcon neither.

There is nothing left to base our hopes on,talking about the MAKO TROUGH and to be honest ,even if we would talk about the ALGYO,Falcon will be shifted for themselves very soon and literally left to their own resources without any cash on hands or partners to survive.

This part of the show is over now !

If anybody feels like going to OZ or having a fancy for the ALGYO formation,dont hesitate to load lots of cheaper shares available soon,on your trip to down under.