This pending merger of all interests in the Mako, into a three way split, will be exceptionally good for us if the first well being completed in the Donut, by Exxon/MOL, is a success. This would make the potential concession by Falcon on half the spending next year being applied wherever the parties agreed, much more understandable, particularly if Falcon has a good sense that the results are already looking favorable. I think this is the most significant news since the JV with Exxon was announced, as neither Exxon nor MOL would be initiating these kind of negotiations if they weren't interested in aggressively moving the Mako Trough forward as quickly as possible. They still get the option to back out after the next round of drilling, but may now have clear working interests in the whole Mako, benefitting all parties. Regards Paul