A nine well carry and A$20 million in cash, the deal total approaches A$200 (US$185 million), not bad for a company with a market cap at Thursday's close of business of US$138 million (CAD$147 million). More importantly the potential path to commerciality is mapped out in the farm out programme of wells and production tests - and they've got the right partners with deep pockets and great experience.

Falcon has always had promise because it had Dr. Gyorgy Szabo who early on identified prospective shale acrossed the planet and got early cheap Licenses in good countries. With the current management we will see this potential energy come closer to being commerically produced. The energy has always been there and will be until it can be produced efficiently. The energy tied up in Hungry will be produced - especially now when Putin gives Europe an incentive to get it done. In the Beetaloo basin, Falcon has the energy potential all mapped out thanks to Hess. The current Management has found a great partner in Origin, who being Australian, has an incentive to make the most of the estimated 17 billion barrels of oil. Knowledge and information will increase on this valuable basin as the 200 million dollars is being invested, the value of this resource will go up exponentially. Note that Origin agreed to back Sosol if reg approval failed. The potnetial is there. What will the price of Falcon be on May 3, 2017? Discount that back to today and I think that you will agree that Falcon is trading at a high discount rate, atleast that is why I am a long term stock holder in Falcon.

Three cheers and beers around! Life is good.