Magyscanard 1 was the first and only well to show and sell significant oil and gas amounts to a third party under an oil sales contract up to date.

To go to Magy must have a special reason.To test the Algyo in the Magy 1 ? NO.Could be done also around the corner at the MAKO 4 as a shallow well with a maximum total depth around 4000 M.

Dealing with Magy 1 means also dealing with H2S and this is more of a casing problem at this point,than a pipeline problem.

The mobile high gravity oil from the Magy 1 is coming out from the upper Endrod and remember 360 barrels and 1,1 MMcfpd as a peak without stimulating ,using a natural fractured reservoir still capable of delivering more hydrocarbons applying more fractures.

This makes the Magy 1 to be the most promising well we have under current conditions.

According to my informations there were only a few concrete panels and containers trnsferred to the Magy site,but there is no fractower attached or lights to be seen at night indicating any actions.The panels and containers might belong to Falcon property.

As to the date of Monday there were no drilling or fracturing activities to be seen on this site.

In other words I can not follow the discussion and the speculations in terms of testing the Algyo using Magy 1 as the well is good for spilling both oil and gas from the upper Endrod and Szolnok from natural fracs.

Oil and Gas gives new dimensions we dont have in the Algyo.To just test the Algyo Falcon could simply move to MAKO 4 as a shallower well,easier to test.

If there was any action on Magy 1, the reporters would not hesitate to come up with another article decorated with unmistakable pictures.