>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.

Back in 2007, the same CEO also made almost an identical statement, just a few weeks prior to announcing a deal with Exxon.

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March 26, 2007

Question: What is your opinion on Falcon's operation at the Mako Trough? Do you think it is possible that we could export gas within a few years?

Answer: I don't think this will happen in the near future. We know the Mako Trough for 30 years, 50% of its area belongs to MOL, so we hope FO will succeed, however, as we know, there is no way to exploit the gas in an industrial amount from that deep economically. I have to tell you there is no precedent for this kind of exploitation.

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May 17, 2007

On Wednesday, MOL Hungarian Oil and Gas Plc. signed a Heads of Agreement with ExxonMobil subsidiary Esso Exploration International Limited to undertake a joint technical study of certain basins in Hungary that present significant unconventional hydrocarbon gas resource potential and, depending on the study results, to undertake additional exploration activities. Unconventional exploration projects usually require substantial financial commitment and often entail significant production risk. Because ExxonMobil possesses extensive experience, appropriate technology and know-how and MOL has an excellent understanding of the petroleum geology and industry operations of Hungary, this cooperation is expected to leverage the strengths of both parties.

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