„The Makó Trough Pannonian Basin Gas Accumulation is a large deposit of natural gas underneath the southeastern corner of Hungary. This basin-centered gas accumulation could be one of the largest natural gas fields in continental Europe, provided the gas can be recovered economically. As of early March 2007, this had not yet been clearly demonstrated. At the 90% probability rate, Makó had certified recoverable resources of over 600 billion cubic meters of natural gas, according to a report by the Scotia Group, prepared for the field's exploration concession holder, the Canada-based Falcon Oil and Gas. The companies developing Hungary's Makó Trough area have said that the fields may hold enough reserves to allow Hungary to start exporting gas by 2014 to its European neighbors1.
As of today, the economic value of the Mako Trough has yet to be proven. Currently Exxon Mobile and the Hungarian MOL are working together in a Joint-Venture formed in early 2008 to evaluate if the gas can be produced at economical rates at all.2
1 Referring to http://uk.reuters.com/article/oilRpt/idUKL1615001820080416
2 Referring to an article by the Wallstreet Journal: http://webreprints.djreprints.com/1977121369738.html
Links
General Information on the Mako Trough, the Pannonian Basin and the exploration activities: http://makotrough.blogspot.com/”
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