Falcon Oil and Gas on Tuesday announced that its Hungarian unit, TXM Oil and Gas Exploration Ltd. was awarded a production licence by the Hungarian Mining Authority. The long-term licence is for the Mako area in southeast Hungary where Falcon has two exploration licences. Our vierw: MOL is also investigating the opportunities to invest into non-conventional gas fields in SE Hungary and it has set recently up a JV with Exxon for this. A potential success of Falcon in producing gas from its very difficult, non-conventional fields (ultra deep, high temperature, high pressure and relatively low flow rate) could be good for MOL too, which also has licences in SE Hungary.