Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

Free
Message: What will be the Mako gas?

What will be the Mako gas?

posted on Nov 13, 2009 11:47AM

I translated this with Google, but it's obvious that Joseph Molnar of the Mining Bureau is saying that if Falcon doesnt start production by 2012, they will have to give the land back, after which it will be put up for tender.

The second last paragraph isn't so clear. It looks like he is saying that MOL & Exxon will be continuing with their work in the Western portion of the Mako, but will be using different techniques.

John, could you please take a look and clarify?

What will be the Mako gas?


2009.11.13 08:38

If there is no sign of production in the ditch, Mako, the Falcon Oil & Gas in 2012, the lose of production in May 2007, acquired rights, and thus the area - outside it - will be released to anyone again. Joseph Molnar, bányakapitány responsible for the territory, however, not much chance that anyone in the near future makes up his mind to the Mako gas felhozatalára - report to the Nepszabadsag.

The daily newspaper to the relevant bányakapitányát, Miller sought to Joseph, who said that in 2007 actual production was begun without the permission of the Falcon Ltd in TXM-girl, because it was considered that the amounts invested in technical development and knowledge Mako is a chance to gázvagyon felszínrehozatalára.

The authority, however, currently do not see any sign of production, so the area above the TXM permission to end in 2012 when the next two years does not start with the normal gas production. Joseph Molnar pointed out that in this case, similar processes játszódhatnak described as the late 90's, when the TXM (Falcon) before an international company has invested money in the Mako gázvagyon extraction.

The bányakapitány also stressed that no concessions in the area, but mining is the right word, which is free of charge. If the open area, then the rules of the EU's official journal to be put out to tender, which counts only the professional content, not financial competition, but the winner - to demonstrate the seriousness - of billions of forints to be deposited in a separate account that only the area get back when leaving.

József Molnár absolute sees that in 2012 no one should have to inquire about the research after the Mako pit, right in the area of south-western part of the ExxonMobil and MOL will continue with preparations for production, but other techniques.

The last published issue of HVG reported that the Falcon-1 Well Földeák unsuccessful attempts after I transferred the base of the previously drilled kúthoz Magyarcsanád-1, where próbatermelést prepare.

http://www.portfolio.hu/cikkek.tdp?feed=1&k=2&i=124193

1
Nov 13, 2009 12:12PM
2
Nov 13, 2009 12:22PM
1
Nov 13, 2009 12:32PM
3
Nov 13, 2009 12:34PM
Share
New Message
Please login to post a reply