These are welcome changes to the SEC rules, and if my memory serves me right, you and I had a discussion early on this year, about these type of rules that were already implemented in Europe. I think this will help the investors in the valuation of the companies they are investing in, especially with developing juniors as is the case with Falcon.

The new disclosure requirements approved by the Commission include provisions that permit the use of new technologies to determine proved reserves if those technologies have been demonstrated empirically to lead to reliable conclusions about reserves volumes. The new requirements also will allow companies to disclose their probable and possible reserves to investors. [10] Credit stays frozen. As frozen credit markets refuse to thaw, the cost of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Fed's expanded discount window continued its trend of setting new highs every week, as the total daily average rose to $420.2B vs. $367.8B last week.[14] Last week both U.S. and global rule-markers issued proposals that will require companies to provide a new measurement of securities that will be held to maturity or are available for sale, as well as loans and long-term receivables.[17] The changes would allow companies to consider -- and highlight for investors -- the future cash flows of securities that will be held to maturity and are available for sale. While in the short-term, the creditworthiness of these instruments appear dim, the majority of these assets will likely pay off when they mature, Willens notes.[17] These changes would allow managements to highlight future cash flows of securities that will be held to maturity and are available for sale. Though the near term "fair value" or "market value" in a very constrained and illiquid market may look dreadful, the majority of many of these assets will likely pay off over their long-term maturity.[14]