"I am having trouble with the idea that no leaks about the additional frac's (good or bad) are circulating about affecting the sp."

I think the market is looking more now for guidance on whether Exxon will commit to phase 2 and on what conditions. The current share price has us trading at a market cap of $100 million and that is down over $250 million on the most recent Foldeak bad news. I don't think we will drop or rise by too much on the next news release on the remaining fracture unless the results were stellar (and the market is telling us that is probably not the case).

You have to remember that Falcon has spent over $300 million proving the size and range of the Mako gas deposit and still holds a reasonable share of that asset. Any negative news on this remaining fracture has been mostly built in to the current price except for some recent retail holders who may sell with Cannacrap rushing in to push the price down even further before snapping up as many as they can for the next little bounce up. The real driver for the current share price will be Exxon's decision on phase 2 and hopefully some good news from Merrill on a possible Beetaloo partner.

Regards Paul