I would not say that the company has solid cashflow but rather enough cash until the appraisal work program. The cash has been committed mostly to PHUN assets and the next 50 million to be received with the AWP will probably need to be allocated back tothe project.

great jv partner? i think i would not dispute this if it is Exxon you are referring to but we have also MOL under the unitization programme, and they are not that bad either.

Why we are trading back in the 0.31's is a debatable one. For a start, Just look at the market right now ! IMO, this has also to do with the risk involved with the project and the timeline before we can shout victory. Associated to this, one needs to see the oil and gas prices today compared to peaks of $150 last year. Let's remember Exxon is tight on news, and we have received no bullish indication from Exxon on their conference call last week. But this share price can quirk at the speed of light with any indication of flows from Exxon in the near future.....

Are you guys buying in ? IMO There is a limit to how much one can load up on one stock but i'm sure tempted at these prices......but it's very close to my average price.

BTW...richyrich have you been on any falcon board before ?

Azzaro.