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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (107771)	5/29/2007 9:00:18 AM
From: Pogeu Mahone	Respond to of 132070

Here is the BAD NEWS: offshore247.com Magyarscanad flies for Falcon Wednesday, May 23, 2007 Falcon Oil and Gas has hit pay in its Magyarcsanad-1 exploration well onshore Hungary, the company said. In an initial rate test in a seven meter gross interval, which the company has not yet fracture stimulated, the Magyarcsanad-1 well flowed 377 b/d of light crude oil (48 degree API gravity) and 745,000 cubic feet of gas per day. The liquid hydrocarbons from the well were sold to a third-party under an oil sales contract. Gas was flared. Falcon will move forward with the Magyarcsanad-1 well testing program, and will fracture stimulate the entire 362 meters of the Endröd formation that is behind casing. Falcon CEO and President, Marc A. Bruner, said, “The naturally flowing Endröd oil zone encountered at the Magyarcsanad-1 adds a new dimension to our project, as the scope of our exploration program in Hungary expands to include oil.”