I met Mr. O'Quigley at one of those investor conferences and he told me at the time that although he expected Hess to move forward, he would be even happier if they didn't because he could then make a better deal with any of a few other interested parties with full rights to the seismic.

At the time I interpreted that to mean a higher percentage interest in what would be another farm out. Now I wonder if this means that he can take the 80 Million of seismic and field offers from companys who would want to buy Falcon Australia.

"an opportunity for Falcon shareholders to increase their interest in what promises to be a very prolific basin enhanced and de-risked by the new seismic data."

I would think that the 80 Million in sesmic, and data from the 11 wells drilled by Rio Tinto, as well as the Shenandoah well would be enough. What do you guys think?

Either way this should be good news, and there's no doubt that the Board believes in Australia as evidenced by the Falcon/Petrohunter deal.