Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

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Message: Wait 2-3 years or 5-6

It won't be 5-6 for us as Philip would be talking about how long the JV partner will take to get the oil and gas flowing to market with enough volume to monetize the asset. However, it could be a couple of years before the asset moves up to the proven level and is sold by Falcon for the $800 an acre valuation if we get drilling in the spring of 2014 and 5 to 6 wells in place by the spring of 2015.

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