I agree oilman... The more the merrier.

"We regard the Beetaloo Basin as a potential world-class conventional and unconventional play with significant oil and gas potential," said Falcon CEO Philip O'Quigley. Falcon added that the acreage had attracted "unsolicited interest from major oil and gas companies."

Hess to miss out on farm-in to Falcon's Australian shale play

Hess was among a number of international oil and gas industry heavyweights to have taken a foothold in Australia's nascent shale sector over the past few years. Companies including Chevron, ConocoPhillips, Statoil, Total and BG Group have secured farm-in agreements and pledged investments of more than $1.55 billion in Australian shale, according to the US Energy Information Administration.