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

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Message: Re: Preparations underway for Hungary-Slovakia gas line - John et al

"Exxon, 3 wells and 50 million is well spent for the lessons learned"

Hi Soly - problem is it was not 50 million for 3 wells, it was closer to $200 million all in with up front payment to FO from what I hear. They are very if yes then/if no then ROI driven, no emotion, no "this has to work because we have nothing else" attitude. We also do not know what happened in the Bekes Basin and if you look at the, I believe 10 or so, wells drilled in Germany, has it met their expectations? Do they want to put their exploration dollars there vs. Hungary? If I knew the answer I'd be shorting or buying accordingly but I do not and neither does FO.

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