Luxembourg, I'm not disagreeing with your comment "but on the other hand if it was all that good Hess would have jumped on the wagon" because all any of us can do is speculate but couldn't it just as easily have been that the new board at Hess was simply trying to cover its back, preferring to place the financial burden on a 3rd party for a lesser share of the spoils?
After all, what is a huge deal to us is small potatoes to Hess, despite the $80million outlay. We could ALL be wrong (after all, who saw THIS outcome coming?) but to me it seems more like the board was tied up with more important (to them) matters and didn't have the time nor inclination (or guts?) to devote to making a decision on Falcon and so tried to take the easy way out - never expecting that Falcon would say "thanks, but no thanks".
And I think every one of us on this board is in agreement on one thing. Falcon (now) has an excellent management team that knows exactly how to play the game. I genuinely don't think any of us has any cause to worry about our investment. I would expect further announcements before the month is out.