Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

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Message: PHUN selling or someone else

Lanman excerpt:

"Pursuant to the terms of the exploration permits for the calendar year ended December 31, 2009, the Company is committed to drill eight wells on Exploration Permit 76, 98, 99, 117 and shoot 100 kilometers (approximately 62 miles) of seismic, at a total estimate cost of $37 million"

Sandy9:

Hi Lanman1! The way i understand it, they already have the monies

alotted for the above. What i don't undersatnd is how they can do that

many wells etc. for that amount of money? Is this tight basin

much shallower. We did less wells in the MAKO and the price was astronomically higher, confused as to the difference here?

Atb

Sandy9

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