From Petrohunters 10-Q.
In Australia we have commitments to drill 4 wells in our Beetaloo Basin project during the remainder of the calendar year.
Subsequent to March 31, 2009, we entered in negotiations with the Australian Land authorities to reduce the drilling commitments that we had originally entered into related to our Beetaloo Basin Project. The outcome of these negotiations is not yet known; therefore a significant reduction in future capital expenditures may not necessarily result.
Of course these commitments are now mainly Falcon's commitments.
