I think they have the money to drill - i hope they are doing so

Zoran

I was excited to learn today that 30% Falcon is owned by 2 firms: Soliter and Burlingame.

I tried googling them but got no real information as to why they would be holding this stock. I suppose they are firms handling the assets of a few wealthy people. I would love to figure out who they are and their track record of piccking winners.

Zoran

I am excited to hear that they are in very serious JV talks. Can you shed any more light or expand upon this?

a JV for Beetaloo will be the next thing to make this stock move up. It is very much a certainty that someone will parner with Falcon and the sp will go up.

I am puzzled that we have not heard about progress on this front or about on the ground activity.

This tight lipped approach may suggest they are in some kind of talks.

Zoran

I was under the impression that Falcon is currently active in beetaloo - am I mis-informed?

Zoran

With pipelines running through Beetaloo and such huge potential reserves independently estimated, Falcon is in a good position when you consider the close proximity of Asia as a customer and future use of Natural Gas Estimations. Ultimately, I can see no reason why an economic model to extract the unconventional gas from Beetaloo for a huge profit cannot already be developed by a skilled business analyst. I am certain that large partners are doing just this.

Will there be a partnership soon? I think so but I'd suspect some are awaiting the results of current drilling activities.

Zoran

Falcon is an exploration firm. Sure bets have been found already. They seek what is hard to find. There is no awful story and bankruptcy. Any time they get close and find some excellent potetial, the money will flow in.

They are in the process of developing 2 new plays. Hungary was a play, money and partnersip was put into the exploration and the net decision was to hold for now. It doesnt mean they are in trouble.

We would be in trouble if they were not taking on such risks and risky activity

Zoran