Re: Falcon Oil & Gas Ltd.-Hungary Drilling Update-Contract With NIS Extended
posted on
Jul 15, 2014 10:40AM
Developing large acreage positions of unconventional and conventional oil and gas resources
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??