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Message: Re: Inpex doing some exploring in Falcon's backyard - oilmaninvestor

Thanks for digging up that Deloitte post showing the outline of Inpex's proposed exploration lands and the Northern Territory release.

The land that Inpex has picked up appears to be the property that Falcon had to relinquish, but it may also include a portion of Bruner's "Paltar" holdings. If you look at the charts at the very bottom of this attached Paltar link - you will see that Paltar had the rights to small south west corner off the Falcon holdings and it looks like Inpex might have gained rights to some of that property too?? I am sure that Soly will know for sure if Inpex's land includes some of Paltars.

For long term Falcon shareholders - this is probably good news as Inpex has picked up exploration rights that are outside of the Beetaloo sweet spot ( you will see the sweet spot of the basin very clearly in the Paltar "Perspective" and "Seismic Section" charts on the link attached). If Inpex is prepared to spend millions on the periphary? (edges) of Falcon's much larger land base - then they must believe very strongly that the gas is there.

http://www.paltar.com.au/beetaloo-basin_overview.php

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