Falcon Oil and Gas Ltd.

Just a quick follow up on the Inpex land holdings. I crossed checked the charts for Falcon, Inpex and Paltar and the new Inpex holdings are solely from the property that Falcon relinguished back to the Northern Territories and is not part of Bruner's "Paltar" holdings. I would think that Bruner will have to do some exploration work fairly soon on his properties to the south west of the Falcon properties or the Paltar exploration license could be lost back to the government. In reviewing the maps of Falcon's modified land position it is interesting to note that Falcon drew the new boundary to include a large extension to the West of the sweet spot so that all of the so called sweet spot for the Beetaloo is still entirely in the Falcon land holdings.