Re: Exxon in Mako

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

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Bud_Weiser

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Re: Exxon in Mako

in response to

Exxon in Mako

Liferrr1

posted on Oct 13, 2010 09:46AM

ExxonMobil says the search for unconventional resources in Hungary’s Mako Trough development will continue, despite October’s announcement that tests at the deposit have so far failed. ExxonMobil controls 40.44% of the Mako Trough field, along with Hungary’s Mol (40.44%) and Canada-based Falcon Oil (19.12%).

I believe they left out the subsequent announcement from Exxon handing Falcon back all lands and terminating the JV agreement.

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