Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

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Message: Who Owns What

Thanks again for your efforts bringing into focus your weekly bulletin......

Your summary carries conviction in terms of the situation and the sp of late. Even so I couldn`t find any poping point in your educational pamphlet as the entire picture hasn´t changed much since January.Even Xom`s walking was priced in and no change in sp noticeable.(January 2010 between 17, and 18,5 / Last price : 18,5)

Falcon was always in a class of its own to spring a surprise.

Nobody is waiting for something totally unexpected,but it is beyond any debate,that Falcon will commence testing the Shan 1 well pretty soon,no matter were the necessary funds will be coming from.Depending on how one looks at it and given that the operations will start within 60-90 days,most of us are looking forward for the results late summer.

As your words would imply Falcon will fall short of bringing off any testing in Australia and any illusion regarding Beetaloo is depending on charity.

I suggest we commemorate your input and recall it after the testing ! Of course you got the option to continue unceasingly with your vigorous admonitions.

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