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Message: Re: Falcon Oil & Gas Ltd.-Hungary Drilling Update-Contract With NIS Extended
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Dec 19, 2011 09:10AM
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Dec 19, 2011 11:10AM
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Dec 19, 2011 01:20PM

Dec 19, 2011 01:44PM
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Dec 20, 2011 06:44PM

Dec 20, 2011 09:52PM
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Dec 21, 2011 01:02AM
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Dec 28, 2012 10:10PM
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Mar 04, 2013 10:16PM

Interesting how point 2. has dramatically altered NIS's scope of work in Hungary:

2. Evaluate the hydrocarbon potential of the entire Makó Trough including the Deep Makó play.

And Philip's comments in his second paragraph:

"in order to identify the appropriate location and
geological target for the drilling of the third obligation well"

The "geological" target for the third well had already been determined - as it was supposed to be in the deep Algyo formation. However, it is now beginning to look alot more like a deep Mako target may be an option, which could be the quickest route to gas production and improved share pricing??

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