>You appear to be in the know......

It’s not just who you know…It’s rather what you know.

Anyway, we know that the private fundraising closes at the end of this month. I don’t know how much money will be raised in this last tranche; it’s supposed to be a private fundraising after all ;) Personally, I hope they didn’t raise more than $5.104 million. Why? Because, I rather minimize the dilution of Falcon’s interest in Australia. Together, the two tranches would raise $10 million for Australia, more than enough for the 2010 and 2011 operations. This would peg Falcons interest at 71.5% in the Beetaloo basin, leaving Petro Hunter with 23.8% and the new investors with 4.7%.

So, what’s next?

We know that Falcon has been in talks with at list 15 parties that shown serious interest in Falcon’s three unconventional plays on three continents. Among these, there are 5 major international companies; I wouldn’t be surprised if Falcon ends up with multiple partners in any or all of the plays. And this brings us to my point why I don’t want further dilution by private investors. I prefer that a new partner or partners bring money besides their expertise.

As for who are these majors? That I don’t know. But, I’ll make a wild guess for one. Shell looks like a hell of a good choice :)