The link below provides an abbreviated version of valuation methods/requirements within the Oil and Gas Industry as determined by the US Security and Exchange Commission....That stated and given Falcon's most recent presentation, specifically, the claim of 126 BCF/Section (a section being one square mile per industry standards) as well as the formal declaration of discovery, it appears that it's time to for Falcon to state a value of this reserve and their 30% position thereto. If they are in a position to make this claim with the drilling and testing to date...then according to industry standards they should be able to value the reserves as they have defined them......its time for them to do this for us long-term share holders......just my humble opinion....what say you? It may be time as shareholders to press this issue.....

http://www.srr.com/article/understanding-sec-oil-and-gas-reserve-reporting