http://www.falconoilandgas.com/uploads/pdf/Falcon_Corporate_Presentation_21_August_2014_-_for_printing.pdf

Check out page 21 of Falcons Current Corporate Presentation.

The Falcon Beetaloo Basin has 21 Billion Barrels of Oil Recoverable Resources

The management showed they were in control when they told Hess to take a walk and got a contract for investment into the Beetaloo asset from Oil Giants Orgin and Sasol. That contract value is in excess of the total market capitalization of Falcon. If you believe in oil science the markers are there for sucess in finding conventional and unconventional oil and gas in great volumes. Hess, Falcon, Orgin and Sasol have studied the potential of the Beetaloo and all have invested time and money in the belief that the Beetaloo will econonically give up a portion of the energy resources that we know is there. The Bakken Shale has changed the Energy Image of the United States with 48 operators. The Bakken has 3.7 BBO recoverable Resources and Falcons Beetaloo asset has 21 BBO. Falcon has retained and controls 30 per cent of this monster asset that will be proved up by Origin. And remember we are only talking about 1/3 of the assets of Falcon, as there is S Africa and Hungry.

For someone to state that Falcon does not have or is not in control of its asset has to come from someone that does not know what Falcon has, who their management is or in my opinion it could come from someone who is a paid basher or just a dumb basher who thinks he knows more than Hess, Falcon, Orgin or Sasol.