Falcon Oil and Gas Ltd.

Mako development: geothermal energy is harnessed to the Exxon

Exxon permit for an excavation of the trench Mako found in geothermal energy utilization, but does not plan further research work in the Canadian Falcon and the Hungarian MOL jointly explored area. More resources to the Békés Basin, and the Mako pit west side - MOL jointly explored - areas of focus. Formerly the Falcon-1 wells drilled Magyarcsanád prepare próbatermelést.

HVG has learned that Exxon the Earth-1 Well experienced disappointing results because of plans to continue exploration of the eastern ditch of the Mako, instead of concentrating the energy of the Békés Basin, and explored jointly by the MOL, the Mako pit in the western part of the field I could be more drilling.

Exxon does not leave entirely Falcon Canada and the Hungarian MOL, researched the eastern area, because the American mining company requested authorization from the utilization of geothermal energy found during drilling.

The weekly also refers to very serious problems in front of the Falcon look like in the future, as the consortium agreement can not alone carry out drillings in the field, while Exxon domestic mines under 5 years or even pause the work, thereby inhibiting the Falcon to move forward . It could happen to the dissolution of the consortium, but in this case is highly questionable and that the Canadian company will be able to finance the work itself, or in attracting new partners.

The Falcon is currently transferred to the base of previously drilled Magyarcsanád-1 kúthoz where próbatermelést prepare.