Just Retired,

Thank you for taking the time to go back to the Foldeak site for these pictures. You have just scooped everybody with these pictures as the press release from Falcon may not come out for days (and we won't hear anything from Exxon now that the third quarter conference is over). What may be missing from the equation right now is what Lanman was referring to last week - in that Exxon has only completed their obligations to spend $50 million in the first phase. We don't know if the last fracture was even slightly successful (doubtful, but possible) as Exxon will not keep this extremely expensive equipment set-up and in place for weeks while they review their options about Phase 2. With the First Phase expenditures now complete they will do as they are doing and let all the fraccing and on-site testing equipment go and stop any further expenditures while they assess their position. Falcon was releasing as much good news as they could last week on Beetaloo and Karoo as they knew the market would be hearing and seeing what Just Retired has posted for us today. Hopefully Falcon will realize that they need to put out a press release first thing tomorrow stating that Exxon has completed their first phase and that they will be assessing their options going forward, and that as expected all the equipment at the Foldeak site is being released to other work, but I will not be counting on it.

Regards Paul