Here's what I heard from O'Quigley's Proactiveinvestors interview:

Interviewer:

"...how soon will you find out if the basin is viable for future unconventional drilling?"

Philip O'Quigley:

"...as soon as the dry season comes, next May or June, we'll be out there doing a fracture stimulation job on this horizontal well, and then at that point, we're getting into some real commercial testing of Beetaloo Basin."

http://www.proactiveinvestors.co.uk/companies/stocktube/4301/falcon-oil-gas-ceo

And so there you have it.

That's certainly something to look forward to next year, as it's arguably the most important part of the entire program.

But for now, it's back to waiting.

jmo