Falcon Oil and Gas starts drilling in Hungary
Denver-based Falcon Oil and Gas has started a drilling campaign in the Makó Trough of Hungary, Proactiveinvestors said on Thursday. Falcon Oil and Gas's local unit, TXM Olaj- és Gázkutató, signed a declaration of intent with Naftna Industrija Srbije (NIS) of Serbia on gas production in the Makó license area in June 2011. Proactiveinvestors said NIS will drill the first well at a depth of around 3,000m. The rig is expected to be moved around the end of the month and spudding will begin in mid-June, it added.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.