Obviously it is bad news, there is water and there is H2S and these is not enough gas in the tested zones, the question is really what will happen next?
1. Does it mean EXXON will not continue the evulation program at all and just walk away?
2. Will Falcon continues to test the "sweet spots" above with it own money?
3. Will Falcon have enough money to do any furhther test? Another offering at 15 cents?
4. Theknight mentioned something big is back on the agenda so obviously this piece of bad news was already expcted by some and the person/persons who panicked 10 days ago obviously did not panic but knew this was coming. The Q is, are we back to the deep play again? Will Exxon go for it?
I don't agree to the opinion that the game is over but it certainly becomes much more difficult to have any success.
Just some "talking to oneself" from a long long Falcon sufferer and hope someone more knowledgeable can shed some speculative lights on the future of this sick bird from day one. Dead money already I guess.
S