I had not seen the below presentation posted on the message board; it shows what Falcon's game plan is for the Beetaloo Basin in 2011.

According to my sources, as of late the new CEO (Mr. Robert C. Macaulay) has been spending valuable time in Australia.

It is my understanding that the next board meeting is scheduled for February 7, 2011. I made a call to Investor Relations to confirm, but have not heard back.

The speculation/expectation on the street is that some type of announcement "may" be forthcoming at that time or in the very near future.

In the mean time, we can scour over the below document:

Falcon Australia December 2010 Annual Meeting (pdf)

Here is what I hear on the unusually high recent volume: This is "positioning among accounts" in advance of an expected major announcement. From our viewpoint, all we can do is wait and see...