Falcon in new Hungarian play

摘要

Serbia's NIS in partnership with Falcon Oil & Gas plans to drill the first of three exploration wells on the shallow Algyo play in Hungary in the last quarter of 2012. The second and third wells are expected to be drilled in early 2013, Falcon said August 2. "NIS...will bring significant experience and expertise to the development of the Algyo exploration prospects identified by Falcon...," Falcon's CEO Philip O'Quigley said.