On Point Magazine (Gordon Energy Solutions) covers Mako Story

"ExxonMobil farmed into two acreage positions within Hungary’s Mako Trough area. The first deal gives XOM a 50% interest in MOL’s Blocks 106 and 107 (JV acreage of 387,000 acres). The JV will undertake a two to three year test of unconventional gas potential. Financial terms of the XOM/ MOL deal were not announced. The second farm in was announced two days later with Falcon Oil and Gas Limited, another major land holder in the Mako Trough. XOM will acquire a 67%interest in 184,000 acres with Falcon retaining 33%. XOM will pay FalconUS$25 million in cash and spend US$50million as part of an initial work program to test the acreage. If XOM chooses to move beyond this first phase program itwill pay Falcon an additional US$50million and spend US$100 million infurther work efforts. If the Falcon/XOM venture proceeds to development, XOM will pay Falcon another US$75 million. XOM appears to have assigned half of its interest in the Falcon acreage to MOL."

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