>My decoder says.... This time the caiptan was speaking :)

Mr. Bruner is not only the captain of Falcon, but also PetroHunters biggest shareholder if I'm not mistaken. Petrohunter needs money, and they probably planned on getting that money by selling the Falcon shares, but that didn't work out quite the way they hoped.

PHUN 10K, Jan 13

As of September 30, 2008, a total of $14.1 million of our $17.9 million in current assets related to shares of the common stock of Falcon Oil & Gas Ltd., which have declined significantly in value subsequent to September 30, 2008, and are subject to significant price volatility. In addition, the shares are traded on the Toronto Venture Exchange, and are denominated in Canadian Dollars, so they are also subject to changes in value due to changes in the value of the Canadian Dollar versus the U.S. Dollar. As of September 30, 2008, Falcon common shares were trading at CAD $0.55, resulting in a total value of $14.9 million (prior to a $0.8 million impairment we recognized due to an other than temporary decline in the value of certain of the shares based on management's plans and intentions), and as of January 9. 2009, Falcon common shares were trading at CAD $0.40, resulting in a total value of $9.7 million.

It's also interesting that if Falcon proceeds with the Buckskin project, they receive more shares, which are in turn getting turned over to Christian Russenberger.

In October 2008, we and Global Project Finance AG ("Global") agreed that under certain circumstances, we may reduce the outstanding balance under the credit facilities with Global by up to $20.0 million in exchange for securities in Falcon and our common stock. If Falcon exercises its option to acquire a 50% interest in the Buckskin Mesa project and pays up to $10.0 million of the purchase price in Falcon convertible securities, we will assign to Global up to $10.0 million of such Falcon convertible securities, and pay the balance, if any, in cash, so that the total of the assigned Falcon convertible securities and any cash payment equals $10.0 million.

So the way I look at it, Bruner needs Falcons share price to go up in order to save Petrohunter.

"For our 2009 fiscal year, we do not expect our operations to generate sufficient cash flows to provide working capital to pay overhead expenses, the funding of our lease acquisitions, and the exploration and development of our properties."