Questions on Management Discussion. The report says that Hess has 10,000,000 warrants to purchase Falcon stock until 2015 at 19 cents each - is this for the parent company or for Falcon Australia?? I would think that at 19 cents it must be for the parent company as the Falcon Australia stock was being offered at around $1 orginally I beleive. If it is for the parent company, that 10 million is not a significant dilution, but if the warrants are for Falcon Australia, how much would Falcon's share of the Beetaloo be reduced beyond the 62.5% that Hess is getting already??

Regards, Paul