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Message: Interview with Mol Group's CEO György Mosonyi

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Interview with Mol Group's CEO György Mosonyi

posted on Nov 19, 09 10:24AM

I’ve translated only the last two paragraphs, due to its relevance to the Makó Trough.

http://www.privatbankar.hu/cikk/befektetes/megerosites_es_cafolat_igy_tervez_a_mol_33032

In connection with the non-traditional gas production in the Makó trough György Mosonyi said: the Canadian Falcon conducted its exploration in the Eastern half of the Basin, Mol only took part in the follow-up work at the company's request. Falcon’s drilling indeed was not really successful, but in the case of a non-conventional gas production experiment, it does not considered to be an unusual event.

He also added that MOL with its strategic partner Exxon is conducting explorations in the Western part of the Makó, Békés, and Derecske basins. The Hungarian company continues to be optimistic about the expected outcome. He does not draw far-reaching conclusions from the first results of Falcon, and the work continues as planned, and as in the past, shall continue carefully consider the outlook on its future. If it was not the case, it would be detrimental to his credibility.

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Falcon Oil & Gas Ltd. is a global energy company that is focused on acquiring, exploring and developing large acreage positions of unconventional and conventional oil and gas resources. read more